Chariot Oil & Gas negotiates new licence in Morocco
Chariot Oil & Gas, the Africa-focused energy company, is has negotiated the key terms of a new licence, Rissana Offshore in Morocco
E&P
MODEC awarded operations and maintenance contract for Sangomar field FPSO
MODEC Senegal S.A.S.U. (MOSEN) has signed a contract with Woodside Energy for the operations and maintenance of a Floating Production Storage and Offloading (FPSO) vessel for the Sangomar Field Development Phase 1 project offshore Senegal
GlobalData: African midstream operators withdraw investment plans amid COVID-19 turmoil
The COVID-19 pandemic and weak global economic outlook, coupled with fragile energy demand has resulted in a decline in oil and gas prices
COVID crisis deepens energy efficiency slowdown
The already sluggish pace of global progress on energy efficiency is set to slow further this year as a result of the economic impacts of the COVID-19 crisis, deepening the challenge of reaching international energy and climate goals and making stronger government action critical, according to the International Energy Agency (IEA)
OPEC+ agrees to increase output by 500,000 b/d in January
Despite concerns on oversupply for Q1 2021, the group agreed to increase output by 500,000 b/d in January. Production restraint is set at minus 7.2 mmbbl per day instead of the Q4 2020 level of minus 7.7 mmbbl per day
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