Penspen has been awarded a 10 month engineering contract from national oil company Petrozim Line Ltd to deliver a next-generation engineering project for the Feruka-Harare pipeline in Zimbabwe
Exploration
Webinar: Is flange corrosion an 'isolated' issue?
Oil Review Middle East is hosting a free webinar on flange corrosion on Tuesday 30 March at 2pm (UAE)
Drilling activity is set for two consecutive years of growth: Rystad Energy
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
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
ADM Energy announces investment in Nigeria’s Barracuda oil field development
ADM Energy PLC has conditionally agreed to invest in the development of the Barracuda oil field in OML 141, an existing discovery and near-term production asset in swamp/shallow waters offshore Nigeria