A new report and analysis from Westwood Global Energy Group (Westwood), the specialist market research and consultancy firm, indicated a positive outlook for the Nigerian oil and gas sector, following a decade of unmet potential.
Latest analysis from Westwood Global Energy Group uncovers a positive outlook for the Nigerian oil and gas sector, following a decade of unmet potential. However, success will hinge on timeliness of project completion, along with nation-wide infrastructure and security improvements.
Oil giant Equinor is behind the project, but renewables still make up only a tiny fraction of its total energy production.
Namibia could see an oil boom thanks to several major discoveries that suggest there could be more oil yet to come.
The approval of the takeover of Aker Energy by the African Finance Corporation in Ghana has been described as one of the significant major acquisitions in the oil and gas sector during the first-half of 2023, the African Energy Chamber has disclosed.
DESPITE Nigeria’s dwindling revenue, oil and gas companies operating in the country flared 12.7 million standard cubic feet (mscf) of gas in July 2023, according to the latest data from the National Oil Spill Detection and Response Agency (NOSDRA).
Oil production in Nigeria slumped by 15.5% in July from June, marking the third month-on-month decline since April, according to data from the local upstream regulator.
The Bulk Oil Storage and Transportation (BOST) has said it will continue to explore new markets within West Africa for petroleum products while preparing to transition from a purely oil and gas company to a full energy company.
Apache Corp, the independent hydrocarbon exploration and production subsidiary of US-based APA Corp, plans to invest about $1.4 billion in Egypt in 2024, local media reported.
For the first time ever, U.S. oil and gas firms spent more of their revenues on dividends and share buybacks than on exploration and production in new wells in 2022, a new study by E&Y showed on Tuesday.