Investments from global exploration and production companies (E&P) in 2021 are projected to reach around US$380bn, almost flat y-o-y, according to Rystad Energy report
Industry
Global oil and gas contract activity shows marginal increase in Q3 2020
A GlobalData study shows an almost 3% increase in the number of oil and gas contracts between Q2 and Q3, 2020
Total strengthens its commitment with OGMP 2.0 initiative
Total, partner to the OGMP 2.0 initiative since 2014, has joined the second phase of the Oil & Gas Methane Partnership (OGMP 2.0) of the United Nations Environment Programme
Future hydrogen projects could unlock US$400bn of spending for service industry
Rystad Energy industry analysis reveals that green and blue hydrogen projects that are poised to be developed could unlock US$400bn worth of spending for the service industry between 2020 and 2035
VAALCO acquires additional working interest in Etame Marin Block offshore Gabon
VAALCO Energy has signed a sale and purchase agreement to acquire the 27.8% working interest of Sasol Gabon S.A. in the Etame Marin offshore block of Gabon
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