IEA Expects Upstream Investment to Increase by 7% in 2024
A new report by the IEA suggests upstream oil and gas investment will reach $570 billion this year.
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A new report by the IEA suggests upstream oil and gas investment will reach $570 billion this year.
Angola’s plans to maintain oil production above 1.1 million barrels per day are being realized with the entrance of new players and expansion of interests across on- and offshore blocks.
Annual upstream CapEx must increase by $135 billion through 2030 to meet anticipated oil and gas demand – IEF.
Ivory Coast is aiming to become a major oil producer in the near-term future, as it yields new deepwater discoveries and unlocks cutting-edge net-zero technologies.
Recent mergers and acquisitions in the African oil and gas sector reveal an increasing involvement of new international and regional players, particularly in LNG and frontier exploration projects.
As Benin’s flagship Sèmè Field undergoes redevelopment, the country is seeking renewed upstream investment, which will be spotlighted at the upcoming Invest in African Energy forum.
Dr. Klaus Endresen, Chairman of the Namibia Petroleum Operators Association (NAMPOA), speaks with Energy Capital & Power about interfacing between industry, government and the public following Namibia’s offshore discoveries.
The Invest in African Energy forum in Paris will feature presentations on licensing rounds from Africa’s leading oil and gas ministries, showcasing available blocks.
Over the last twelve months, developments in Libya’s upstream sector have demonstrated the success of the country’s strategy to win back investors and reach new production rates.
Major upstream developments in Africa’s oil and gas industry have set the stage for accelerated drilling activities and exploration opportunities in 2024.