Accenture is set to acquire Schlumberger Business Consulting (SBC) in a bid to expand its strategy in upstream oil and gas
Exploration
South Africa to speed up hydrocarbons exploration
South Africa will accelerate offshore oil and gas exploration to reduce dependence on imports, President Jacob Zuma has said
‘OPEC oil production of 31.4mn bpd highest since August 2012’
Oil production by OPEC nations in July has totalled 31.4mn bpd, up 120,000 bpd from June 2015
Kenya expected to start oil production from 2022
After the decision on the Uganda-Kenya pipeline route and given its construction timeline, Kenya’s oil production is expected to start in 2022
‘Uganda has more than twice its currently discovered oil’
According to estimates from Uganda’s Ministry of Energy and Mineral Development, the country has undiscovered deposits of more than eight billion barrels of crude oil
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