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US Drillers Add Oil, Gas Rigs for Fifth Week in a Row
The oil and gas rig count rose seven to 439 in the week to April 16, Baker Hughes Co. said in its weekly report.
Best of This Week’s Drilling Activity Highlights (April 16, 2021)
Production starts at a Shell-operated venture in the Gulf of Mexico, a horizontal Woodford Shale completion in Pecos County, Texas, plus Crestone Peak Niobrara wells in Colorado’s Arapahoe County top this week’s oil and gas drilling activity highlights from around the world.
Trafigura Agrees to Buy Sonangol’s Stake in Puma Energy for $600 Million
Trafigura and Puma Energy said in a joint statement on April 16 that Puma had also agreed to sell its Angolan business and assets to Sonangol for $600 million.