About 250 new oil and gas projects are likely to be sanctioned for development in 2020, up from 160 in 2016, and bottlenecks among suppliers appear inevitable, according to Rystad Energy
Exploration
NexTier announces partnership with NESR for MENA region
NexTier Oilfield Solutions’ subsidiary has recently started operations on a specific opportunity in the Middle East North Africa (MENA) region to support the completion of operations, including the operation of hydraulic fracturing and wireline equipment under the National Energy Services Reunited Corp. (NESR) affiliate agreement
Forum upgrades hyperbaric testing facility
Oilfield products company Forum Energy Technologies has completed a three-month upgrade to its hyperbaric testing facility, which can result in an operational time saving to clients of more than 35 per cent
Total signs sale and purchase agreement with Angola’s Sonangol
Energy company Total has signed a sale and purchase agreement with state-owned Sonangol of Angola to acquire interests in Blocks 20/11 and 21/09 in the Kwanza Basin, offshore Luanda
‘African licensing round opportunities to remain strong in 2020’
Throughout 2019, Africa has led the licensing round; looking forward to 2020 this is set to continue, but the results of recent rounds have had limited success in a global context, according to data and analysis firm GlobalData
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