ABiQ outlines how global economies depend on the United Arab Emirates (UAE) oil fields. The UAE is made up of seven emirates, including: Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al-Khaimah, Sharjah and Umm Al-Quwain.
GasMeth project in Rwanda to reduce country’s carbon emissions
According to an Afreximbank August 2022 press release, the GasMeth compressed natural gas project in Rwanda is estimated to be worth over USD 300 million.
Top 5 Oil and Gas Projects across Africa: 2022
ABiQ outlines Oil and Gas projects across Africa for 2022. Africa’s rich inheritance of oil and gas resources is set to catalyse massive growth across the continent. Africa alone has produced approximately 8% of the total oil produced in the world. Here are some of the major ongoing and upcoming oil and gas projects in Africa.
Top 5 Oil and Gas Projects in the UAE: 2022
ABiQ tracks oil and gas projects across the UAE. As per the project tracking platform ABiQ, there are over $70 billion of active Oil and Gas projects in the UAE. ABiQ estimates that the UAE will spend $8.5 billion in 2022 on various Oil and Gas projects that are currently under construction.
Saudi Aramco announced record results for the first quarter of 2022
Saudi Aramco announced record results for Q1 2022 with a net income increase of 82 per cent, driven by higher volumes and pricing.
Shell announces deep-water discoveries offshore Namibia
Shell has made a significant oil discovery in deep water off the coast of Namibia. Shell’s JV partners Namcor and Qatar Energy are evaluating development options
Major Oil and Gas Projects in the Middle East
From 2021 through 2025, the Middle East will see 615 oil and gas projects tendered. There are more than $570 billion of active oil and gas projects in the Middle East.
Oil-rich Angola expands its fossil fuels explorations
Angola has nearly $100 billion worth of active oil and gas projects. Angola seeks to expand its natural resource opportunities and lessen dependence on imports.
Oil and Gas Projects in Africa
Africa is all set to become a global energy powerhouse with a plethora of untapped resources. Here are some of the major ongoing and upcoming oil and gas projects in Africa.
Zimbabwe eyes its own gas field
With a population of 2.4 million, Zimbabwe finds itself in a dire economic situation. Hyper Inflation is hindering the much-needed investment required to rebuild the country’s dilapidated infrastructure.
Sudan calls for bidders to build own and operate a thermal power plant
A landlocked country of 45 million people, Sudan is emerging from decades of sanctions with an ambitious investment drive. Currently, Sudan has more than $23 billion of active projects in the Oil & Gas, Transport and Energy sectors.
Oil construction booming in Nigeria despite the industry’s 2020 struggles
THE global Covid-19 pandemic may have dented oil and petroleum production and consumption in 2020, but Nigeria is surging ahead with more than $30 billion of new investments into the field.
Opportunities for investment in Mozambique’s underdeveloped construction industry
Mozambique’s real estate sector has substantial investment opportunities. However, current security concerns in the Cabo Delgado province affect the country’s risk profile.
Infrastructure development key to Morocco’s economic growth
Infrastructure development key to Morocco’s economic growth Morocco is investing billions in new infrastructure and key sectors to boost economic recovery and growth. A third of this investment will go towards its energy sector followed by the water sector with thirty...
Libyan investment before the December elections
Even before general elections are scheduled for December, Libya is moving forward with investments in power, oil and gas sectors.
European countries investing in Africa
Africa shows tremendous potential, having the youngest and the fastest-growing middle class in the world. The continent is teeming with the potential for large-scale investments.
Top 5 ongoing mega projects in Africa
Africa is witnessing a growth in large-scale projects that will affect its economic growth in the future. Needless to say that the sustainable energy industry is thriving, and most of the top ongoing mega projects are those that deal with the production of cleaner energy.
Major Oil and Gas Projects in the Middle East
The Middle East oil and gas projects have seen a tremendous spike in growth due to large-scale investments. Within 2021-2025, the Middle East will witness a total of 615 oil and gas projects.
Soaring Factory Prices – An Opportunity for Africa?
Labour and commodity costs in Africa are significantly lower than anywhere else. What is lacking is know-how and funding. Inflation at manufacturing hubs could present an opportunity for African leaders. Will they embrace it?
Top 5 Projects in East Africa
Top 5 Projects in East Africa East Africa has more than $435 billion of active projects, of which $221 billion are under construction. A fast-growing population that will increase by 25 per cent over the next ten years drives the demand for infrastructure development....
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