One thing is clear the oil discovered in Madagascar, makes it an ideal fuel for the oceans ships, and should aid the country in its ambitions to be Africa’s Singapore.
Why the high profit margins that the oil industry enjoyed, are now at an end
One third of the world’s
traded oil and a quarter of
its LNG passes through the
narrow Strait of Hormuz, the
strategic waterway linking
the Persian Gulf with the
Sea of Oman
The installation of new smart technologies including sensors means it is possible to better collect process and make decisions. For example, such monitoring can predict when equipment needs to be serviced, thus preventing a potential failure. Amongst the firms providing predictive maintenance services to the industry are IBM, C3 AI and MapR Technologies.
M&A activity in oil and gas has almost ground to a halt after a flurry of deals last autumn