Although it is well known as a major player in the global oil and gas industry, it is Algeria’s mining sector that is now in the spotlight, with the country expected to benefit from recent legislative and regulatory changes, as well as increasing government backing. Mining has long been considered an important basis for industrial development and is...
Given its substantial oil and gas reserves, Algeria has maintained its position as a major global player in the hydrocarbons sector. Of all the oil exporters in the world, Algeria ranks 16th, with most of its oil heading to the US and Europe. Algeria is the fourth-largest crude oil producer in Africa, with an estimated 12.2bn barrels of proven...
For many, offshore hydrocarbons exploration constitutes perhaps the final oil and gas frontier. Offshore drilling targets deposits trapped beneath the ocean floor – or in some cases beneath inland lakes and seas – which are accessed through wellbores in the seabed. It is the most complex and expensive way of exploiting oil and gas deposits. Wells...
Policymakers in Nigeria would like to create a fully market-driven natural gas system. However, ever since – indeed, before – the Gas Master Plan was drawn up in 2008, it has been understood that this objective will not be realised in the short term, and that carefully planned transitional mechanisms are necessary to ensure both that progress and...
An undeniable giant in the energy world, Nigeria faces some challenges in terms of performance and progress of its hydrocarbons sector. These include broad issues like politics and insurgency, in addition to the specifics of regulating a large energy sector. Its natural gas is even more abundant than its oil, but Nigeria has so far failed to realise...
At the moment, it is the big international players – or the ventures involving them – that extract most of Nigeria’s oil and gas. In 2011, in fact, the respective proportions were around 90% and 95%. However, local players are not to be underestimated and look to be growing in importance as time passes.
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