Exploration is back, emissaries of some of the world’s top oil companies have said, with Africa in a strong position to meet new demand.
Oil and gas firm Capricorn Energy confirmed drilling is away to kick off on a North Sea prospect imminently.
Shell and Deltic Energy will press ahead with drilling a major North Sea gas exploration target later this year.
The Africa Energies Summit will be held in London from May 17 to 19, with the show expanding beyond oil and gas and into power.
Years have passed since the last exploration well was drilled in the Southern North Sea, and Deltic Energy is hoping to lead a fresh wave of activity.
The Shell Jaws well in the North Sea has proved unsuccessful, partner Capricorn Energy has announced.
Capricorn Energy expects to earn around £56 million on the back of higher UK production, following the sale of its North Sea interests to Waldorf Production last year.
Capricorn Energy – formerly Cairn – has withdrawn global legal proceedings against the Indian government, paving the way for a $1bn tax refund.
Helicopter operator CHC has landed a contract to transport workers for the Capricorn Energy (formerly Cairn Energy) Diadem drilling campaign in the North Sea.
Scottish oil firm Cairn Energy (LON: CNE) has announced it will change its name to Capricorn Energy, effective from December 13.