Mozambique has launched the sixth licensing round for 16 new areas in four distinct regions, five of which are located in the Rovuma Basin, seven in Angoche, two in the Zambezi Delta and two in Save, totalling more than 92,000 sq km
The global well intervention market is likely to reach US$7.1bn in 2021, with rising number of offshore oil and gas exploration projects across Africa and North America are anticipated to create high demand for offshore well intervention services, according to Fact.MR analysis
TotalEnergies has signed various agreements with the Libyan authorities for the sustainable development of the country’s natural resources during the Libya Energy & Economy Summit, initiated by the Government of National Unity
Tower Resources PLC is still to receive government approval regarding its farm-out to Beluga Energy in Cameroon of a 49% non-operating working interest in its Thali production sharing contract
Rystad Energy’s annual cost of supply analysis has revealed that costs within the upstream sector have come down considerably in 2021, making new oil more competitive and significantly cheaper to produce
