Results from the Republic of Congo’s first licensing round, with the award of blocks to Kosmos Energy and Perenco and the provisional allocation of a block to Total, has provided a positive backdrop for the country’s second round which will close in June 2019, said data and analytics company GlobalData
Gas
Ophir Energy denied block license extension in Equatorial Guinea
The Ministry of Mines and Hydrocarbons of Equatorial Guinea has confirmed that no further extension has been granted to Ophir’s Block R production sharing contract
Greater investment to fuel oil and gas industry growth in 2019
A majority of senior oil and gas professionals believe that larger, capital-intensive oil and gas projects will be approved this year to meet the hydrocarbon demand, according to a DNV GL survey
Global gas supply grew at decade high in 2018
The oil and gas industry achieved a net production increase of 164 bcm, which represents the highest production growth since 2010, according to a research by Rystad Energy
NNPC to crash price of cooking gas
The Nigerian National Petroleum Corporation (NNPC) is set to implement an effective commercial framework that would halt the export of propane and butane which are major components in the production of Liquefied Petroleum Gas (LPG), also known as cooking gas
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