The outlook for Africa’s oil and gas industry is positive amid difficult operating and economic headwinds, according to PricewaterhouseCoopers (PwC) report
Gas
Nigeria’s natural gas production up by 8 per cent: NNPC report
A total of 230.35 bcf of natural gas was produced in Nigeria in July, averaging a daily production of 7,678.17 mnscf
Eni: World gas production increased by 3.6 per cent
World gas production has increased by 3.6 per cent, the highest y-o-y increase since 2010, said Eni at the second volume of the World Oil, Gas and Renewables Review
Oil exporters need to diversify economies to evade financial risks: IEA
Major oil and gas exporters need to reform and diversify their economies in order to overcome the financial risks in the years ahead, the new report by International Energy Agency (IEA), Outlook for Producer Economies, observed
Upstream players must boost spending to meet future demand
Global oil and gas development spending needs to increase by around 20 per cent to meet future demand growth and ensure companies sustain production in the next decade, according to Wood Mackenzie, a UK-based energy consultancy group
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