Nigeria’s National Assembly has voted through the first-ever change to royalty within the country’s Deep Offshore and Inland Basin Production Sharing Contract (PSC) Act
Industry
Africa’s oil and gas industry poised for further growth: PwC report
Africa’s oil and gas industry holds the potential for further growth mainly driven by an increase in investor appetite and a rebound in prices, according to PricewaterhouseCoopers’ (PwC) annual Africa oil and gas review 2019
Africa Oil to acquire Petrobras assets in Nigeria
Canada-based Africa Oil Corp has agreed to acquire a 50 per cent stake in Petrobras Oil and Gas, which owns a stake in producing assets in deepwater Nigeria
IEA: Global energy efficiency progress drops to slowest rate
Energy efficiency has tremendous potential to boost economic growth and avoid greenhouse gas emissions, but the global rate of progress is slowing – a trend that has major implications for consumers, businesses and the environment, according to the International Energy Agency (IEA)
Fluor, JGC and Technip win Rovuma LNG Project in Mozambique
A consortium of Fluor, JGC Corporation of Japan and TechnipFMC of France has been awarded an engineering, procurement and construction contract by Mozambique Rovuma Venture S.p.A. (MRV)