Petrofac secures $350m contract from Equatorial Guinea’s national oil company
The contract is for Block B, which contains the Zafiro oil field close to Nigeria's international maritime boundary with Equatorial Guinea.
The contract is for Block B, which contains the Zafiro oil field close to Nigeria's international maritime boundary with Equatorial Guinea.
The Biden administration has raised royalty rates on oil drilling from 12.5% to 16.67%, marking the first increase in more than 100 years.
The oil & gas industry continues to be a hotbed of patent innovation. Activity is driven by the need for...
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