Valeura Energy Inc., Calgary, has let a contract to Petrovietnam Drilling and Well Service Corp. to charter the PV Drilling I jack up drilling rig to support its Gulf of

Valeura Energy is chartering Petrovietnam Drilling and Well Service Corp.’s PV Drilling I jackup for operations in the Gulf of Thailand. The rig should mobilize to the Wassana oil field in the

Oil prices rose more than 1 per cent on Tuesday, after plunging to nine-month lows a day earlier, amid indications that producer alliance OPEC+ may enact output cuts to avoid

Oil prices rose in volatile trade on Tuesday as worries about tight fuel supplies ahead of winter offset investor concerns about lower demand in China, the world’s biggest crude importer,

Oil prices have increased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $2.01 to trade at $95.03, while the price of

Oil prices climbed on Friday on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China’s COVID-19 curbs and weak global growth continued

Oil rose on Tuesday as renewed concerns over tight supply dominated market sentiment after Saudi Arabia warned that the major oil producer could cut output to correct a recent oil

Substantial potential upside value Valeura identified the potential for a deep tight gas play early in its entry into the Thrace Basin. Based on this thesis, the Company acquired the