Shell plc has on Friday May 2nd 2025 released its first quarter results and first quarter interim dividend announcement for 2025. SOLID RESULTS; RESILIENT BALANCE SHEET; CONSISTENT DISTRIBUTIONS • Q1 2025 Adjusted Earnings of $5.6 billion reflect strong performance across the business. CFFO excluding working capital was $11.9 billion for the quarter. Working capital outflow was […]

bp is reallocating capital to its highest-returning businesses and it is moving at pace with the start-up of two major projects so far this year in Africa – the first of 10 planned between 2025 and 2027. It’s all part of how bp boosting planned investment in its upstream oil and gas business by approximately […]

Woodside operational update showed that the company has Maintained exceptional production from Sangomar of 78 Mbbl/day as Woodside equity interest produced in the quarter under review.  The company’s quarterly production of 49.1 MMboe at 546 Mboe/day is down by 4% from Q4 2024 due to weather impacts at NWS and unplanned outages at Pluto, partially […]

Panoro has achieved an organic reserve replacement ratio of 309 percent in 2024. The company has made disclosure in its media release of its 2024 Annual Statement of Reserves (ASR). Consequently, the Company’s net working interest 2P reserves as of 31 December 2024 were 42.27 million barrels of oil (“MMbbls”), an increase of 7.6 MMbbls […]

BW Energy will publish financial figures for Q1 2025 and host a presentation at Hotel Continental, Oslo, on Monday, 5 May 2025. Net production to BW Energy was 3.2 million barrels of oil (mmbbls) in Q1 2025, equal to 36,000 bbls per day, from the Dussafu licence in Gabon (73.5% working interest) and the Golfinho […]

Shell will today present to investors at its Capital Markets Day 2025 the next steps in the execution of its strategy. Shell is strengthening its commitment to value creation and maintaining its focus on performance, discipline and simplification. ‘’We have made significant progress against all of the targets we set out at our Capital Markets […]

The management of Xenergi Limited has taken notice of media reports crediting a statement from Axxela Limited with allegations that directly infer that our company is involved in a land dispute between Axxela and our host communities in Delta State. Xenergi Limited categorically refutes any claims suggesting its involvement in land encroachment or community disruption. […]

KOIL Energy has been awarded a significant contract to supply Multi-Quick Connector (MQC) Plates for a project in the Gulf of America. This award encompasses equipment designed to control the high-pressure systems of a subsea field operated by a U.S. independent energy company. The MQC plates will play a critical role in the subsea infrastructure […]

VAALCO Energy, Inc. has reported African region operational results for the fourth quarter and full year of 2024 and year-end 2024 reserves. Egypt Vaalco focused on enhancing production in 2024 through a series of planned workovers, as well as through interventions using the OGS-10 rig. Two additional workover recompletions were completed in the fourth quarter […]

Energy and marine consultancy ABL has launched a new entity in Namibia, expanding its growing operations in-country to support the local oil & gas market, whilst also developing its offering to support Namibia’s energy transition.   Namibia is a significant player in African energy, with a focus on traditional oil & gas development, alongside plans to […]