Global discoveries of conventional resource volumes in the first half of 2020 only reached 4.9 billion barrels of oil equivalent (boe), estimates Rystad Energy, the weakest-performing first half of the 21st century
Exploration
Solo Oil continues to work with Aminex on Ntorya gas field in Tanzania
Solo Oil has received confirmation from the operator Ndovu Resources Limited that the Mtwara Exploration Licence has been formally extended by the Ministry of Energy of Tanzania
Africa’s upstream spend in 2020 is down US$14bn: Wood Mackenzie
Research and consultancy group Wood Mackenzie has said that Africa’s upstream spend in 2020 is down US$14bn versus its pre-crash view
Nigeria oil and gas operators pledge million of dollars to mitigate effects of COVID-19
National oil company Nigerian National Petroleum Corporation (NNPC) has said 53 per cent of the US$58mn pledged as medical intervention by the oil and gas industry group in the fight against COVID-19 will be devoted to the construction of medical infrastructure across the six geopolitical zones in the country
Neptune Energy announces major milestone at Algerian gas plant
E&P company Neptune Energy has announced a major milestone for Algerias Touat gas facility, with operatorship formally transferred to Groupement Touat Gaz (GTG)
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