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Company News

Tullow Oil Non-Executive Chair Dorothy Thompson CBE, Steps down

Tullow Oil plc announces that Dorothy Thompson CBE, Non-Executive Chair, has decided to step down from Tullow’s Board. A search process to find a new Chair has been launched and is expected to conclude towards the end of the summer.  Dorothy will remain Chair of Tullow until the new Chair is appointed and an appropriate […]

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Lekoil to appoint new CEO, stripes Mr Olalekan Akinyanmi Directorship

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that it has terminated the employment contract of its CEO, Mr. Olalekan Akinyanmi, with immediate effect, due to a corporate governance breach.     The Company will commence a search for a new CEO and, in the interim […]

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Exxon May Change Directorate as Activist Expands Boardroom Presence with Third Seat

Exxon Mobil Corp. activist investor Engine No. 1 expanded its presence on the oil giant’s board to three seats, according to preliminary vote tallies, cementing a victory that has reverberated across the energy industry. The initial counts show the newest nominee from Engine No. 1’s slate elected to Exxon’s 12-member board is private-equity investor Alexander […]

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Baker Hughes, Aramco partner on Digital Transformation

Baker Hughes (NYSE:BKR) has announced it has deployed its industry-leading remote operations digital technology across Aramco’s drilling operations, encompassing 200+ sites, the largest deployment of its kind in Baker Hughes’ history. Building upon Aramco’s existing industry-leading data management infrastructure and capabilities, this project provides the company with a single solution that covers data aggregation from the […]

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ExxonMobil conducts board of directors election, releases names of potential directors

ExxonMobil said that based on preliminary vote estimates by its proxy solicitor, shareholders have elected eight of ExxonMobil nominees to the board of directors and two of Engine No. 1 nominees. Vote results for five nominees were too close to call.  “We welcome all of our new directors and look forward to working with them […]

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ReconAfrica Refutes National Geographic’s Environmental Activists Allegation

Reconnaissance Energy Africa Ltd. provides a factual response to National Geographic’s false and defamatory article May 21, 2021, written by environmental activists. ReconAfrica’s Vital Operations in Namibia We are proud that the Namibian Government has selected ReconAfrica as one of over 30 national and international energy companies it trusts to explore the country’s natural resource potential […]

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W&T Offshore Announces Enhancement to Capital Structure

W&T Offshore, Inc. has announced that it has enhanced its capital structure by entering into a transaction with its wholly-owned special purpose vehicles (the “SPVs”) and Munich Re Reserve Risk Financing, Inc. (“MRRF”). In this transaction, the Company transferred 100% of its Mobile Bay Area producing assets (the “Mobile Bay Assets”) and related gas treatment […]

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The Rebirth of French oil giant Total new name ‘Total Energies’

French group Total, one of the world’s biggest energy companies, is preparing to change its name to TotalEnergies to signal its diversification towards cleaner energy sources. Founded in 1924 as the Compagnie francaise des petroles, The Company is set to unveil the new name on May 28 during a shareholders’ general assembly. Recently, Total has […]

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Halliburton, TGS Unveil full-field fiber and seismic imaging to improve downhole insight

Halliburton Company and TGS-NOPEC Geophysical ASA has announced a collaboration to bring advanced seismic imaging to fiber optic sensing. The alliance will provide operators with advanced insight to determine their reservoir potential for oil and gas production or carbon storage. The Halliburton FiberVSP™ and Odassea™ distributed acoustic sensing solutions will now incorporate TGS’s seismic imaging […]

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Maersk divests two jack-up Rigs- ‘Maersk Guardian and Mærsk Gallant’

Maersk Drilling has sold the jack-up rig Maersk Guardian (now named Guardian) to New Fortress Energy, and the parties have further entered into an agreement about the sale of the jack-up rig Mærsk Gallant with anticipated closing in June 2021. The total sales price for the two rigs is USD 31m in all-cash transactions. The […]

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