Vaalco kicks off drilling campaign offshore Gabon

Vaalco Energy has started its 2019/2020 drilling campaign and spud the Etame 9P appraisal wellbore at the Etame field offshore Gabon. Topaz Driller; Source: VantageVaalco last month said it would start its Gabon drilling campaign during September, using the Topaz Driller jack-up rig. Vaalco said in an update on Friday, September 13 that drilling of the …

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US Oil Firms Set to Gain from Saudi Disruption

by  Bloomberg | Tina Davis | Some U.S. oil companies are positioned to gain from the attacks on Saudi Arabia's facilities over the weekend and an attendant rise in crude prices. (Bloomberg) -- Some U.S. oil companies are positioned to gain from the attacks on Saudi Arabia’s facilities over the weekend and an attendant rise …

Oil Prices Bounce Back

  WTI and Brent futures returned to net positive territory Thursday. One day after interrupting a three-trading-day rally, West Texas Intermediate (WTI) and Brent crude oil prices returned to net positive territory. September WTI futures gained 14 cents Thursday, settling at $56.02 per barrel. The benchmark peaked at $56.99 and bottomed out at $55.86. Brent …