VAALCO Energy announced the approval of the Plan of Development for Discovery on Block P in Equatorial Guinea. Click to read what investors need to know.
Oil prices edged higher Aug. 17 as plummeting U.S. reserves offset China demand worries that had carried prices lower in the preceding three sessions.
ANS rose 98 cents on the day to close at $99.72, as West Texas Intermediate jumped $1.58 to close at $88.11 and Brent rose $1.31 to close at $93.65.
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Drilling of high-impact oil and gas prospects is set to rebound this year after a disappointing 2021, when success rates plunged towards record lows, Rystad Energy research shows.