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
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
