Around 54,000 wells to be drilled worldwide in 2021, a 12% increase from 2020 levels, and in 2022, drilling is set to increase even more, by another 19% year-on-year to about 64,500 wells, according to Rystad Energy
Industry
Invictus Enery completes US$6.10mn placement in Zimbabwe
Invictus Energy Limited has received firm commitments from new and existing institutional and sophisticated investors to raise approximately US$6.10mn (before costs) by way of a share placement in Zimbabwe
EnerMech secures work with UK Government for Mozambique’s oil and gas sector
3t EnerMech, a strategic alliance between 3T Energy group and EnerMech, has won a contract with the UK government, which will help to shape future training requirements for Mozambiques oil and gas workforce
Zenith Energy to acquire 45% stake in Candax Energy's Tunisia asset
The fully-owned subsidiary of Zenith Energy Ltd, an international oil and gas production company, has entered into a share purchase agreement with Candax Energy limited
OSSO nets North Sea win with Neptune Energy
Fluid temperature control specialist OSSO has been awarded a contract by global E&P independent operator Neptune Energy to deploy its high volume mud cooler and AutoCUL technology
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