McDermott has successful completed the fabrication, construction, and offshore Floatover of the Scarborough floating production unit (FPU) topside and hull structures for Woodside Energy. The contract, awarded in 2021, followed the successful delivery of front-end engineering design for the Scarborough Energy Project’s FPU and includes engineering, procurement, construction, installation and commissioning (EPCIC) services. McDermott is delivering […]

VAALCO Energy has reported progressive operational results for the first quarter of 2025 across its African drilling campaigns in Egypt, Gabon, and Côte d’Ivoire. The company’s first quarter results have disclosed the acquisition of a 70% Working interest in the CI-705 block and will now become the operator of the block in offshore Côte D’Ivoire […]

Kosmos Energy announced today its financial and operating results for the first quarter of 2025. For the quarter, the Company generated a net loss of $111 million, or $0.23 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss(1) of $105 million, or $0.22 […]

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. […]