Historically, oil and gas projects are known to experience delays ranging from 5-20% owing to project complexity, significant capital requirements and the multi-faceted nature of developments
Industry
Nigeria’s TAG Energy Group becomes distribution partner for Bosch Rexroth
Bosch Rexroth Africa Development, a Bosch Rexroth Africa Group company, announced its distribution partnership with Nigeria’s TAG Energy Group
Oil will determine Angola's growth, says its Minister of Economy and Planning
Angola’s Minister of Economy and Planning, Mário Caetano João, has indicated that the southern African country is forecasting economic growth of 3% in 2023, with an increase to an average of over 3.6% between 2023 and 2027
Angola's Agogo project a major deal amid dip in overall O&G contract value
With rising inflation and an increasing capital cost borrowing environment posing challenges for upcoming oil and gas projects, the overall oil and gas industry’s disclosed contract value saw a significant quarter-on-quarter (QoQ) decrease of 48% in Q1 2023, reveals GlobalData, a data and analytics company
IEA-IEF-OPEC Workshop explores energy-market volatilities
The International Energy Agency (IEA), International Energy Forum (IEF) and the Organisation of the Petroleum Exporting Countries (OPEC) held the ninth Joint IEA-IEF-OPEC Workshop on Interactions between Physical and Financial Energy Markets