Malaysian oil and gas company Petronas, through its subsidiary PC Senegal Ltd, has signed a farm-in agreement with Total E&P Senegal SAS, a subsidiary of Total, to acquire a 30 per cent participating interest in the Rufisque Offshore Profond block

The successful execution of capital projects across global oil and gas industry has become of crucial importance to an upstream industry adapting to lower prices, according to a new Wood Mackenzie report

In Sub-Saharan Africa, Nigeria leads with 10 planned oil and gas projects that are expected to start operations between 2018 and 2025, followed by Mozambique with two projects, according to GlobalData, a leading data and analytics company

Nigeria will spend an average capital expenditure (capex) of US$8.4bn each year on 249 oil and gas fields between 2018 and 2020, said GlobalData

An average capex of US$3bn per year would be spent on eight oil and gas fields in Mozambique between 2018 and 2020, according to GlobalData, a leading data and analytics company