OPEC+ maintains production targets for 2023, lowers for 2024, as Saudi Arabia announces additional 1 mn barrels per day voluntary cuts in July
OPEC+ lowers production targets for 2024
Industry
Congo signs deal with Technip on capacity building in energy market
Congo’s Ministry of Hydrocarbons signed a cooperation agreement with French energy services provider Technip Energies during the Invest in African Energy Forum in Paris
Companies like Chariot, bp to begin hydrogen projects in Mauritania
Mauritania, under the leadership of Minister of Petroleum, Mines, and Energy Abdessalam Mohamed Saleh, has set forth plans for hydrogen projects that could potentially generate an impressive 80 GW of electrolyser capacity
Offshore drilling riser market most lucrative in Middle East and Africa
The global offshore drilling riser market was estimated to reach a valuation of US$3.8bn in 2022
Successful PPPs like Gabon Power Company-Perenco driving Gabon's economy
With its economic indicators showing clear signs of recovery, and the current Parti Démocratique Gabonais (PDG) set to retain power after this year’s elections, Gabon’s economic plans are moving ahead at full speed
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