14 December 2018
African deep-water makes progress
Drillers began to renew their interest in African projects that were once deemed too costly and risky
Africa's deep-water offshore sector drew increasing interest from drillers in 2018, as projects once deemed too costly and risky began to figure more prominently in corporate investment plans. This confidence was boosted by the increasing availability of relatively low-cost floating production, storage and offloading (FPSO) and floating liquefied natural gas (FLNG) facilities—as well as by the industry's successful efforts to cut operating costs during the recent downturn. Both Nigeria and Angola, Africa's largest oil producers, registered progress in revitalising the hydrocarbons sector after several lean years. Shell announced in July 2018 that it hoped to begin talks with Nigeria on a fra
Also in this section
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
