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Guyana, Mauritania and Russia led global resource discoveries in 2019 – GlobalData

In 2019, offshore discoveries accounted for more than 60% of global discoveries, up significantly on previous years, says GlobalData, a leading data, and analytics company. The company’s report,  reveals that … Read More

Oil and gas M&A deal value decreased in 2019 driven by energy transition considerations and global uncertainty – EY

Global oil and gas overall deal volume and deal value were down 17.7% and 10.8% respectively in 2019, as stagnant commodity prices, disappointing results, and low returns left the industry … Read More

Deloitte Oil and Gas M&A Outlook: Shifting Strategies Reshaping Global Transactions Market in 2020 and Beyond

Key takeaways While total oil and gas deal count declined in 2019, total deal value held up thanks to several mega-deals, primarily in upstream and downstream. Majors and large independents … Read More

Final PSDM Data and Complementary JumpStart Geoscience Package for CGG’s Mozambique Multi-Client Survey Now Available

CGG has announced the final 3D PSDM seismic dataset from its recent 15,400 sq km multi-client survey of the outer Zambezi Delta in the Mozambique Basin is now available for … Read More

The Arab Petroleum Investments Corporation (APICORP) issues its Annual Top Picks for Energy Investments in 2020

Assuming balanced markets and barring other geopolitical events, Brent prices are expected to trade in the USD55-65 range; “Wait-and-see attitude” on geopolitical and economic issues loom over market and investors; … Read More

Uganda Renews Oranto Petroleum & Armour Energy Licenses

Uganda’s  Ministry of Energy and Mineral Resources has renewed exploration licenses for for Nigeria’s Oranto Petroleum Ltd (OPL) and Australia’s Armour Energy after the two licensees fulfilled the work programme … Read More

Uganda Oil & Gas SMEs to Benefit from $100 Million Funding

The Skills Development Facility (SDF), which is part of the US$100 million Uganda Skills Development Project (USDP), provides for an opportunity for Small and Medium Enterprises (SMEs) interested and/or engaged … Read More