VAALCO Energy Inc has completed the previously announced acquisition of Sasol Gabon SA’s 27.8% working interest in the Etame Marin block offshore Gabon, increasing the company’s total working interest to 58.8%
Exploration
Eco’s licenses in Walvis Basin receive final government confirmation
Eco (Atlantic) Oil & Gas has negotiated the reissuance of its four licenses in Namibias Walvis Basin for 10 years, which received final government confirmation on 5 February 2021, according to the company’s corporate and operational update
Brady Corporation: More safety with custom lockout procedures and shadowboards
Experienced Brady engineers write custom Lockout/Tagout procedures and help to implement them at the site, to get highly visible, custom lockout shadowboards for efficient, top of mind safety in the workplace
Nigeria and Equatorial Guinea sign MoU to boost hydrocarbon sector
Gabriel Mbaga Obiang Lima, minister of mines and hydrocarbons of Equatorial Guinea, has signed a MoU with Timipre Sylva, minister of petroleum resources of Nigeria, to consolidate new opportunities for the hydrocarbons sector allow the counterparts to collaborate on maritime piracy protection strategies
Wood Mackenzie: IOCs emerge from ‘toughest year ever’ primed for record free cash flow
International oil companies (IOCs) are primed for a V-shaped recovery in free cash flow, and may generate record figures this year should oil prices average US$55 a barrel, according to analysis from global natural resources consultancy Wood Mackenzie
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