Upstream news

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData.

In 2017, N-Sea launched their Golden Rules programme, embedding excellence in SHEQ (Safety, Health, Environment and Quality) across the business and has continued to see the benefits.

According to ESAI Energy’s recently released One-Year Global Fuels Outlook, the US gasoline surplus will expand by roughly 80 000 bpd next year as demand continues to plateau and output keeps rising.

ESAI Energy China Analyst Yao Wu comments on the developments behind China’s predicted oil demand growth.

Key measures include the formation of upstream and downstream taskforces, the privatisation of some Sonangol subsidiaries, and the creation of a new regulator to manage concessions.

William Turner, senior research analyst at Wood Mackenzie, discusses 5 things to look for in the year ahead.

Iraq’s crude-oil production is gradually increasing thanks to expansion at previously delayed oil projects. However, the existing contracts are still not able to reach their full potential, according to GlobalData.

Soorya Tejomoortula, oil and gas analyst at GlobalData, comments on planned and announced crude and natural gas projects in Indonesia over the period 2018–2025.

The company has closed the previously announced transaction to sell its 100% owned subsidiary, OMV Tunisia Upstream GmbH, to a subsidiary of Panoro Energy ASA.

The appointments signal EnerMech’s strong intent to substantially expand the business across global energy, engineering and infrastructure markets.