US oil and gas rigs in operation drop by 60% amid pandemic
The USA oil and gas rigs in operation have dropped by 59.49% as recorded between February 2020 and November 2020, according to a data presented by Bankr
Industry
VAALCO Energy to acquire Sasol Gabon SA’s working interest in Etame field
VAALCO Energy Inc has announced that it will now move forward with acquiring Sasol Gabon SA’s entire working interest in the Etame Marin block offshore Gabon
Global oil and gas processing seals market to see positive growth
The oil and gas processing seals market by revenue is expected to grow at a CAGR of more than 2% from 2020-2025, according to a report by ResearchAndMarkets
Oil prices rises on expectations that OPEC+ may keep output stable in February
Oil prices started the week positively on expectations that OPEC+ will keep output levels unchanged in February and as Chinese oil demand is recording a weather-related uptick
Kosmos Energy completes farm down of exploration assets to Shell
Kosmos Energy has closed the previously announced transaction with B.V. Dordtsche Petroleum Maatschappij (Shell), a wholly-owned subsidiary of Royal Dutch Shell PLC to farm down interests in Suriname, Sao Tome & Principe and Namibia for approximately US$95mn million plus future contingent payments of up to US$100mn
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