Tag

Exploration And Production

All articles tagged with #exploration and production

Turkey kicks off first overseas offshore drilling as Cagri Bey heads to Somalia
energy13 days ago

Turkey kicks off first overseas offshore drilling as Cagri Bey heads to Somalia

Turkey dispatched its deep-sea drilling vessel Cagri Bey to Somalia for Ankara’s first offshore exploration mission outside its maritime zone, with drilling set to begin at Curad-1 in April off the Somali coast. The ship, recently added to Turkey’s fleet, will be escorted by three Turkish warships and is expected to reach Somalia in about 45 days. Energy officials described the move as historic and said Turkey aims to raise oil output to about 500,000 barrels per day by 2028, with potential gains from discoveries and international production-sharing agreements abroad.

finance2 years ago

Devon Energy's Earnings Report and Dividend Yield: What to Expect

Devon Energy (DVN), an oil and gas exploration company, has a history of consistently beating earnings estimates. With an average surprise of 2.95% over the past two quarters, the company is expected to continue this trend in its upcoming earnings report. Analysts have been revising their estimates higher, and the stock's positive Zacks Earnings ESP (+2.19%) combined with its Zacks Rank #3 (Hold) indicate a potential future earnings beat. The company's next earnings report is scheduled for November 7, 2023.