The toll of the Covid-19 pandemic on upstream investments in the first two years of the downturn is estimated at a whopping US$285bn, and although spending will slowly start to rise from 2022, it will not reach pre-crisis levels in the coming period, according to a Rystad Energy report
Industry
Zenith Energy acquires Candax Energy's Tunisian assets
Compagnie Du Desert (CDD), Zenith Energy’s fully-owned subsidiary, has completed the acquisition of a 100% interest in the fully-owned subsidiary of Candax Energy in Barbados, Ecumed Petroleum Tunisia (EPT), which holds a 100% interest in the El Bibane and Robbana concessions in Tunisia
Axora launches global challenge for oil and gas companies
Axora has announced to launch first international competition to discover new cost-saving digital technology for industrial companies, which can produce rapid benefits within a year
Schlumberger partners with NOV about automated drilling solutions
Schlumberger and NOV have announced a collaboration to accelerate automated drilling solutions adoption by oil and gas operators and drilling contractors
Blockchain technology creates opportunities for oil and gas
Brox Equity, a private company registered in Alberta, Canada, is raising up to US$20mn through an innovative exempt digital security offering which will provide investors with diversified exposure to bitcoin, natural gas and electricity
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