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Amid COVID, Sub-Sahara African LNG Market Rallies

Exports of LNG from West Africa’s four producers showed impressive resilience in 2020 despite the impact of the coronavirus pandemic on gas demand generally, an analysis of S&P Global Platts Analytics data showed.  Total LNG exports from the four exporting countries in the region — Angola, Cameroon, Equatorial Guinea and Nigeria — totaled 39 Bcm, […]

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Coretrax Achieves First Deployment of Expandable Drilling Liner

Coretrax, the global well integrity and production optimisation leader, has marked a significant milestone with the first deployment of its expandable liner technology in Norway since acquiring Mohawk Energy. The move has allowed the business to deliver and deploy novel technology and specialist personnel from local bases, significantly reducing the logistics, cost, and carbon footprint […]

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Royal Dutch Shell to cut over 300 North Sea jobs

The oil giant Royal Dutch Shell is to cut 330 jobs from its operations in the North Sea. The company said most of the posts are based at its office in Aberdeen and will be lost over the next two years. In September, it was announced that up to 9,000 jobs would go worldwide as the company […]

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United Oil Announces Quarterly Production Update

United Oil & Gas, the full-cycle multinational oil and Gas Company, has announced the last quarterly production update for the period to the end of 2020. United Oil stated that the H2 2020 net working interest production averaged 2,340 boepd in line with guidance for the period of 2,300 boepd, while the Q4 2020 net working […]

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McDermott Announces Completion of KG-D6 R Cluster Project in India

McDermott International, Ltd today announced it has completed the KG-D6 R Cluster subsea field development project and achieved pre-commissioning and ready for startup for Reliance Industries Ltd., in the Krishna Godavari Basin, located off the east coast of India. “The safe and successful completion of Reliance’s KG-D6 R Cluster project is a testament to McDermott’s […]

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Lekoil Appoints new Chairman

LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, has said that following the resignation of Mark Simmonds, the Board has appointed Mr. Michael Ajukwu as Chairman of the company with immediate effect. Mr. Simmonds before his appointment as chairman of Lekoil has served in […]

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FAR announces Update on Remus Proposal to acquire stakes

FAR Limited has announced update on The Remus conditional non-binding indicative proposal of a potential offer from Remus Horizons PCC Limited to acquire 100% of the shares in FAR at 2.1c cash per share.  The company said that the proposed sale by FAR of its interest in the RSSD project to Woodside Energy (Senegal) BV […]

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C&I Leasing Announces Acquisition of Redeemable Converitble Loan Stock – 55.82% Ordinary shares By Peace Mass Transit

C&I Leasing Plc  hereby notifies The Nigerian Stock Exchange (The Exchange) and the investing public of the purchase of 313,326,316 units of the Neoma Africa Fund L.L.C. (formerly Aureos Africa Fund, L.L.C.) unsecured variable coupon redeemable convertible loan stock in registered units of N4.75 each or its US$ equivalent in C&I Leasing Plc by Peace […]

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Roger Brown Assumes Office as New CEO Spelat

After a decade of meritorious service as pioneer Chief Executive Officer of a reputable Indigenious Exploration and Production company with global expertise, Mr Austin Avuru has honorably exchanged an experienced loaded baton to Roger Brown as the new Chief Executive Officer (CEO) of Seplat Petroleum Development Company Plc. Mr Brown is expected to lead the […]

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INEOS completes the acquisition of BP’s global Aromatics & Acetyls business

INEOS, one of the world’s largest manufacturing companies, has today completed the purchase of the global Aromatics and Acetyls businesses from BP for a consideration of $5 billion. INEOS is already one of the world’s leading petrochemical companies and this acquisition will extend both the portfolio and the geographic reach of the business. The businesses […]

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