Two recent tales underline the high risks and potential rewards of wildcat oil...
Zenith Energy in negotiations to contract drilling rig for Congo
Oil & gas production firm Zenith Energy is in advanced negotiations to contract a rig for carrying out drilling operations in the Republic of Congo.
Azinam and Panoro take interest in Africa Energy’s offshore reserve
Namibian oil and gas exploration firm Azinam has announced it will operate the South African A-J1 oil discovery, previously held by Africa Energy. Panoro Energy will also take a share of the block.
Total to drill Lebanon’s first deepwater test well
French energy company Total has anchored a drilling vessel off the coast of Lebanon, set to drill the first exploration well in the country's waters.
Equinor scraps Great Australian Bight oil drilling plans
Norwegian firm Equinor has abandoned plans to explore for oil in the in the Ceduna sub-basin offshore Australia’s south coast, saying it was not commercially competitive compared to the company’s other exploration opportunities.
Wildcat drilling: worth the risk?
Two recent tales underline the high risks and potential rewards of wildcat oil drilling, with one firm striking oil and another forced to abandon its investment after encountering a dry hole. We look at the delicate balance involved and ask why, despite the risks, activity is picking up.
Ashtead wins contract for template installation work in Barents Sea
Subsea equipment specialist Ashtead Technology has won a contract from Ocean Installer to install six integrated template structures in the Barents Sea, offshore Norway.
Shell orders Deep Down equipment for Whale field development in US GoM
US-based subsea oil and gas equipment supplier Deep Down has secured an equipment order from Shell Offshore for a work related to Whale field development in the US Gulf of Mexico (GoM).
Vaalco Energy makes new oil discovery on Etame field offshore Gabon
US-based energy firm Vaalco Energy has spudded the South East Etame 4P appraisal wellbore and encountered oil offshore Gabon, as part of its 2019-20 drilling programme.
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