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Africa and Latin America set to lead high-impact well drilling in 2024, eyeing rebound after poor 2023

Africa and Latin America set to lead high-impact well drilling in 2024, eyeing rebound after poor 2023
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Oil Majors Gear Up for Groundbreaking 2024 Drilling Campaigns

2024 is anticipated to be a rebound year for high-impact oil and gas drilling, with Africa and Latin America leading the way, as the industry looks to recover from a disappointing 2023.

United statesRed seaDjibouti generalPapua new guineaTaiyab zain shariffNocs inocsRystad energyRystad energy upstream solutionLatin americaMiddle eastNorth americaPapua newZain shariffVice presidentAngoche basinNamibe basin

High-Impact Drilling to see Rebound in Africa and Latin-America this Year

The upstream industry hopes 2024 can be a bounce-back year for high-impact oil and gas drilling after a lackluster 2023, with Africa and Latin America likely to spearhead activities

United statesRed seaDjibouti generalPapua new guineaNocs inocsTaiyab zain shariffRystad energyUs oilLatin americaMiddle eastNorth americaPapua newGas drillers addRig as productionAngoche basinNamibe basin

As BP abandons highly touted offshore oil prospect, ExxonMobil prepares to drill

Those hoping for a major new discovery by BP Canada in Newfoundland and Labrador's offshore are trying to make sense of the company's decision to abandon its Ephesus prospect.

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BP defends drilling exploration well in marine refuge off Newfoundland

Energy giant BP is standing by its decision to drill an exploratory well in a marine refuge off Newfoundland’s east coast, while the federal natural resources minister says the bounds of the protected area could be redrawn if enough oil is discovered and the company wishes to start production.

New westminsterBritish columbiaPrince edward islandPam keenanJonathan wilkinsonConnor curtisCaroline spiezioStena icemaxDepartment of fisheriesSierra club canadaNortheast newfoundland slope closurePrince edwardAssociated pressNatural resources minister jonathan wilkinsonOrphan basin