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Nigeria to lead refinery capacity growth in Africa by 2023

Nigeria’s contribution to Africa’s total refining capacity was 12.6 per cent in 2018.

Lebanon to close delayed 1st offshore round as Indonesia tests new regime

GlobalData’s latest report, ‘Q3 2017 Global Bid Round Outlook – Lebanon to Close Delayed 1st Offshore Round as Indonesia Tests New Regime’, shows that globally, 13 bid rounds are due to close in the third quarter of 2017 – four rounds in Indonesia, two bid rounds in Mexico, one round each in the US, Norway, New Zealand, Argentina, Lebanon, China and Brazil.

Qatar signs LNG long-term contract with the UK amid Gulf Boycott

GlobalData’s latest report, “Q2 2017 Long-Term LNG Contracts Review – Qatar Signs Contract with the UK amid Gulf Boycott” indicates that the biggest new long-term Liquefied Natural Gas (LNG) contract in the second quarter of 2017 was signed between Qatargas Operating Company Limited and Royal Dutch Shell Plc on June 18. According to the contract, Qatargas Operating Company Limited is expected to supply 1.1 million tonnes per annum (mtpa) of LNG from the Qatargas IV terminal in Qatar to the Dragon Gate Terminal in the UK. The contract is for a period of five years, from 2019 to 2024.  

Upstream contracts review: drilling support services contracts prominent in August 2017

The upstream sector reported 155 awarded contracts in August 2017, with Operation & Maintenance (O&M) scope contributing the largest chunk with 72 percent of the awarded upstream contracts.

Indonesia to witness most planned project starts in Southeast Asia

The latest report from GlobalData indicates that a total of 28 key crude oil and natural gas projects are expected to start operations in Southeast Asia by 2025. Of these, 27 are planned projects and one is an announced project.

Capital expenditure on upstream projects in Africa to surge

GlobalData’s latest report, “Monthly Global Upstream Review, June 2017 – Capital Expenditure in Africa to Zoom” indicates that globally, total oil and gas production is expected to increase by 2.6 percent during the 2017–2021 outlook period.

Development of petroleum projects in Barents Sea picks up speed

Statoil, Lundin, Eni and OMV have been increasing their efforts in the Barents Sea, with the Norwegian government recently stating the region holds the largest undiscovered resource potential in the Norwegian Shelf and indicating it will play a vital role in the country’s future activities.

Global LNG liquefaction capacity set to continue to grow

GlobalData’s latest report, ‘H2 2017 Global Capacity and Capital Expenditure Outlook for LNG Liquefaction Terminals – Floating Terminals in Congo Republic and PNG Announced Amidst Project Cancellations in US and Canada’, indicates that the Global LNG liquefaction capacity is expected to grow by 94% during the 2017–2021 outlook period, from 386.6 million tonnes per annum (mtpa) in 2017 to 750.5mtpa by 2021.

Nigeria’s crude oil and natural gas projects

The latest report from GlobalData, ‘H1 2017 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Sub-Saharan Africa – Nigeria to Host Most Planned and Announced Project Starts’, indicates that a total of 68 key crude oil and natural gas projects are expected to start operations in Sub-Saharan Africa by 2025.

Monthly upstream deals review – June 2017

GlobalData’s latest report, ‘Monthly Upstream Deals Review – June 2017’, shows that a combined value of $12.1bn in mergers and acquisitions (M&A) were announced in the upstream sector in June 2017.