Upstream

Petronas makes an entry into Senegal’s oil and gas industry

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

Global upstream project delivery is hitting the mark: Wood Mackenzie

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

Nigeria and Mozambique dominate capex outlook in Sub-Saharan Africa

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

GlobalData: Nigeria will spend more than US$25bn on upstream capex by 2020

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

‘More than US$9.1bn will be spent on Mozambique’s upstream capex by 2020’

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