Exploration

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 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 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

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