In this increasingly integrated context, there is a constellation of factors, developments and risks that could impact the sector in 2024, ranging from weather patterns to the progress of individual upstream or midstream projects
Speaking specifically on EO5, Adubi stated that its implementation beyond the oil and gas sector would help sustain the MSMEs and the private sector.
This facility aims to reduce the largest black nation’s reliance on fossil fuel, particularly petrol, as Nigeria moves into a post-subsidy era.
The move is expected to increase Nigeria’s 10 per cent capacity in manufacturing oil and gas components, equipment and machinery.
The Dangote refinery in Nigeria will be a “potential game-changer” once it comes online, according to a report by Platts Analytics.
The Nigerian National Petroleum Corporation (NNPC) plans to generate N11.39tn revenue in 2021, while projecting an increase in oil and gas output and sales between 2021 and 2023.
Africa Oil Week takes a look at the current state of licensing round set to take place across the continent in 2020-2021. Recent analysis from Rystad Energy predicts that over 50 per cent of global upstream licensing rounds for 2020 will be cancelled or delayed, reflecting the dual effect of COVID-19 and oil price volatility….
The underlying causes of disruptions and disputes could be moderated by improving contracts, audits and controls Oil and gas projects are complex, usually large-scale and involve integrating complicated supply chains and diverse technologies. But this complexity does not explain the delays, disruption, defects, lost productivity and higher costs that afflict so many of these construction…
