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Nigeria bullish about oil recovery
Efforts to restructure and boost investment appear to be working, but doubts remain about the plan to almost double crude production by 2030
New Zealand backs gas, but results take time
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results
Energy NL upbeat on Newfoundland despite industry doubts
CEO argues the upstream potential remains huge as analysts question future oil production for Canadian province’s offshore industry
Canada’s energy superpower ambition
The new government is talking and thinking big, and there are credible reasons to believe it is more than just grandstanding
M&A activity likely to slow in Canada
After a recent surge led to 2024 consolidation matching that of previous years, there is less optimism the feat will be repeated in 2025
Untangling Dangote’s supply
The Nigerian mega-refinery has yet to reach its full product-producing potential
Nigeria’s first FLNG project faces supply problem
The lack of a gas supply contract means the development is likely to face further delays
Malaysia looks to deepwater to sustain output
The country is nearing a tipping point as its domestic needs continue to grow
African divestment deals are back in the frame
After some delay, the much-heralded sale of oil and gas companies’ mature upstream assets in sub-Saharan Africa has gained fresh momentum, with a clutch of deals reaching completion
Sonangol must escape former regime’s shadow to achieve IPO
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026
Angola Nigeria Canada Somalia Lebanon Gabon Malaysia Croatia New Zealand Sierra Leone
PE Staff
2 June 2020
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Global announcements and developments June

The industry's most comprehensive list of current and recent rounds for onshore and offshore licences

Planned rounds Angola’s National Agency of Oil, Gas and Biofuels has announced the onshore Congo and Kwanza Basins will open for bidding this year. The data package for the blocks to be offered is available but, due to constraints from the Covid-19 pandemic, no timeline was announced. Canada’s minister of energy & mines and its minister of natural resources jointly postponed Nova Scotia Offshore Petroleum Board’s (C-NSOPB’s) call for bids for the NS20-1 licensing round. No further details were available. Nigeria has given approval for the 2020 Marginal Field Bid Round. The Department of Petroleum Resources is offering 52 fields previously held by the majors, along with an additional four

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