Floating LNG is expected to be a game-changer, boosting the efficiency of gas production by adding the processing to the place of extraction
Nigeria has reclaimed its position as Africa’s leading oil upstream investment destination, overtaking Angola despite the latter’s continued investment in major deepwater developments.
Data sourced from Wood Mackenzie, Nigeria topped the continent’s upstream capital expenditure (capex) rankings in 2024, driven by a series of incremental deepwater projects and sustained activity in its rich offshore basins.
The country outpaced Angola, which had held the position in recent years, by capitalising on major oil projects such as the Agogo-Ndun
