Since a couple of years, our clients are having to transform as the market is adapting. The focus is on lower field development and operations costs, quicker project life cycle, shorter schedule, reduced risk profile, all of which will improve their projects economics.
It shouldn’t be a surprise anymore, but energy development is only truly meaningful for local economy and communities when small -and mid-caps are present and striving.
A report earlier this year by the Japan Fair Trade Commission (often called the ‘JFTC’) has set tongues wagging in the Asian LNG industry.
Sasol established our presence in Mozambique through the Natural Gas Project (NGP) in 2004, which was a watershed for all stakeholders in realising realising the country’s untapped potential. Read More
The growing environmental concerns about extractive industries like Mining and Oil & Gas industries need to be managed by a key player, who is able to follow its clients anywhere, at anytime with the best international practices in environment protection.
The African oil and gas industry continues to evolve. Our clients are optimising efficiencies across the value chain, strengthening balance sheets and introducing new technologies, whilst continuing to navigate complex regulatory environments, geopolitical risk, disputes and market disruption. Our specialist Africa oil and gas team is helping our clients shape new strategies to continue to grow and deliver value to stakeholders.
We can speak most confidently about Nigeria; and here the story has not really changed over the past few years. The prolific nature of the Niger Delta means that it remains a hugely attractive terrain for oil and gas investments. As the majors divest from the Niger Delta to concentrate on the deepwater and in some cases, the gas export business, there are plenty of opportunities to pick up geologically low risk and yet world class assets. Domestic gas utilization is also an area of growth, which is increasingly being taken up by indigenous players such as Seplat. Marginal field opportunities will also grow.
It is important for governments in Africa to maintain stable and attractive Oil Policies that will foster exploration and international investment. CGG is very active in helping local governments and oil agencies to promote the oil potential of their respective countries through our multi-client programs.
As a young geologist I was invited to go to Belize to research the oil potential; not only did I feel there was oil to be discovered but I also fell in love with the people and I knew in my heart that it had to be done the right way
NXT recognized this challenge in the industry and has developed a tool in the form of its patented SFD® technology which can assist companies in highgrading their exploration portfolios and prospects and significantly improving their commercial success rates in drilling
As a firm we have also invested heavily in technology and innovation over the past few years, and a continuing priority is to ensure that we harness the developments in technology and digitalization to continue to drive efficiencies and innovation in the provision of our legal services.
The oil and gas sector has embraced innovation since its beginnings in the 19th century, and its response to the digital revolution now unfolding continues this tradition. Powerful new technologies, such as artificial intelligence (AI) and cloud applications, have upgraded or overtaken old ones.