Every MSGBC Basin nation – Mauritania, Senegal, The Gambia, Guinea-Bissau, and Guinea-Conakry – has executed active offshore licensing rounds or has confirmed plans to do so this year.
Oil marked its first monthly decline since November as OPEC+ completed the return of output it halted during the pandemic and signs emerged that the US economy was on weaker footing than expected.
Baker Hughes and Petrosafe, a subsidiary of the Egyptian General Petroleum Corporation, have announced a contract to reduce flaring emissions in refinery ops in Egypt.
Petrofac and Hitachi Energy have entered a collaboration to provide joint grid integration and associated infrastructure to support the rapidly growing offshore wind market.