Statoil, partners sign $1.5bn EPC contract with Petrofac


STATOIL, BP AND Sonatrach sign US$1.15bn engineering, procurement and construction (EPC) contract with Petrofac International (UAE) LLC in Algiers for the execution of the In Salah Southern Fields development project

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New gas find in Rovuma basin


Large natural gas deposit found in Rovuma basin.

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Africa, gas and the future

Africa, gas, future, china, bp, market, profit, 2030

BP's Energy Outlook 2030 projections included natural gas and Africa has plenty; the problem is getting it economically to market

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GE Estimates five per cent of world's natural gas wasted


GE HAS RELEASED a study, Flare Gas Reduction: Recent Global Trends and Policy Considerations, which estimates that five per cent of the world's natural gas production is wasted by burning or "flaring" unused gas each year—an amount equivalent to 30 per cent of consumption in the European Union and 23 per cent in the United States.

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Chevron Nigeria plant cost up 42 per cent

CHEVRON EXPECTS A much-delayed Nigerian plant that will convert natural gas to liquids to cost $8.4bn, $2.5bn or 42.4 per cent more than its last estimate.

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