Wood Mackenzie has indicated hard competition for prime exploration targets as sector emerges from downturn in 2018
Explorers primed for 2018, although caution likely to be paramount: Wood Mackenzie
Exploration
Saipem and Eni sign contract for Angola’s West Hub
Saipem has signed a contract with Eni Angola for the Italian firm’s West Hub Development project in Angola
Egypt to launch international bids for oil exploration in 2018
Egypt will start international bids for oil and gas explorations in various areas on the Red Sea after finishing seismic survey before the end of Q1 2018, said Tarek al-Mulla, minister of petroleum and mineral resources in Egypt
Tanzania's Swala Oil to buy stake in Orca's PAE in US$130mn
Tanzania’s Swala Oil and Gas has announced to buy up to 40 per cent stake in Orca Exploration Group’s PAE PanAfrican Energy Corporation (PAEM) for US$130mn
NNPC distributes more than 1.3bn litres of petroleum products
The Nigerian National Petroleum Corporation (NNPC) has sold and distributed about 1.352.86bn litres of white products across the country in October 2017, through its downstream subsidiary, the Petroleum Products Marketing Company (PPMC)
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