Uganda’s sizeable reserves, enabling regulation and proactive national oil company is positioning the country as a regional hydrocarbon leader, and African Energy Week in Cape Town is set to promote it from 9-12 November 2021
Exploration
GNPC seeks approval for US$1.65bn loan for oil exploration
The Ghana National Petroleum Corporation (GNPC) is seeking parliamentary approval for a US$1.65bn loan to buy a 70% stake in the South Deep Water Tano (SDWT) and a 37% stake in the Deep Water Tano/Cape Three Points (DWT/CTP)
‘Global low carbon hydrogen production capacity to reach 14 mtpa in 2030’
Global capacity for hydrogen production from renewable energy or natural gas with carbon capture may increase by more than 20 times, reaching 14 mtpa by 2030, according to GlobalData
Danfoss completes US$3.3bn acquisition of Eaton’s hydraulics business
Danfoss has officially finalised its US$3.3 billion acquisition of Eaton’s hydraulics business following confirmation of all necessary regulatory approvals and closing conditions
Europa Oil & Gas farming out Inezgane Licence, North Africa
Europa Oil & Gas has announced the formal launch of the farmout initiative of its high-impact exploration opportunity, the Inezgane Offshore Permit, offshore Morocco in the Agadir Basin