LekOil raises US$46m for a new exploration asset in Nigeria while gaining a 62% interest in 5.7bn barrels of prospective oil resources near the Ogo discovery via a US$40mln deal proactive investors reports LekOil (LON:LEK) has confirmed it has now closed a US$46mln share placing to fund its acquisition of a controlling stake in a potentially…
Read how New Oil and Gas Technology Respects Moores law thereby Boosting Production by Joanna Ebizie in drilling info Have you ever heard of Moore’s Law and how it influenced the technology industry? Gordon Moore, founder of Intel, predicted that improvements in technology would double about every two years and deliver smaller, better technology. The…
Vietnams PV drilling Making country Hottest investment Zone in Asia The petroleum industry has helped Vietnam become one of the hottest investment destinations in Asia, and despite oil prices taking a hit this year, there is still room for expansion, PV Drilling reports In Southeast Asia, Vietnam has emerged as one of the most attractive…
Oil and Gas companies are still recruiting to keep up with lost talents despite price slump Burned by the talent crunch created by hiring freezes in prior downturns, energy companies continue to beat the block for new recruits, even as they lay off older, more experienced workers amid the worst energy slump in years, two…