According to data and analytics company, GlobalData, blockchain in the oil and gas industry can increase transparency, compliance, and data security
Industry
Africa Oil to acquire Impact Oil & Gas shares
The company is offering a price of US$0.728 per Impact share. (Image source: Adobe Stock)
Africa Oil will be acquiring up to 8.0% of the issued shares in Impact OIl & Gas from minority shareholders
Agogo FPSO one of the high value contracts to maintain O&G resilience in 2023
The survey reveals that the total disclosed contract value stood at US$187.48bn in 2023. (Image source: GlobalData)
Data and analytics company, GlobalData, has found a significant decline of 22% in disclosed oil and gas contract volume from 7,550 contracts in 2022 to 5,915 in 2023
SGS to offer specialised services in Uganda
SGS has been approved to provide PVOC services to exporters and importers of specialist oil and gas equipment. (Image source: SGS)
The Petroleum Authority of Uganda (PAU) has approved SGS, a leading testing, inspection and certification company, to provide pre-export verification of conformity (PVoC) services to exporters of specialist oil and gas materials equipment
Maintaining climate policies and pledges can impact emissions reduction, finds IEA
A 75% cut in methane emissions from fossil fuels by 2030 is imperative to meet climate goals. (Image source: Adobe Stock)
The International Energy Agency's Global Methane Tracker has found that newly adopted policies and regulations, and reaffirmation of climate commitments at COP28 is paving the ground for emissions reduction
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