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Company News

SBM Offshore Gives Fleet Project and Operational Update

In its recent 2022 first quarter press release, SBM Offshore stated that the Construction activities for the Company’s major projects continue to be impacted by the effects of the pandemic and in particular response measures in China. The current conflict between Russia and Ukraine is also adding pressure on price inflation and the global supply chain. The […]

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Eni Rovuma Basin Equips Mozambican National Health Institute

Eni Rovuma Basin has delivered medical and laboratory equipment to Mozambican National Health Institute in order to support this institution to increasing their technical capabilities for the identification and prevention of infectious diseases, including SARS-Cov-2. This donation is part of the partnership that Eni has been developing with the Ministry of Health since 2013, which […]

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TGS Announces Q1 2022 Results

TGS has reported interim financial results for Q1 2022. Total revenue amounted to USD 132 million in Q1 2022 versus USD 142 million in Q1 2021. EBITDA was USD 101 million, and the operating result was USD 34 million, compared to USD 119 million and USD 25 million, respectively, in Q1 2021. Percentage-of-completion (PoC) revenue […]

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Canadian Natural Announces 2022 First Quarter Results

The company stated in its report:: “Our unique, diverse, long life low decline asset base with large, low risk, high value reserves is a differentiating factor that makes Canadian Natural a truly unique energy company. We have an industry leading WTI break-even in the midUS$30s per barrel, which covers base maintenance capital requirements and dividend […]

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APA Corporation Gives Operational And Financial Update Q1 2022

APA Corporation has announced its financial and operational results for the first-quarter 2022. APA reported net income attributable to common stock of $1.9 billion, or $5.43 per diluted share. When adjusted for items that impact the comparability of results, most notably the gains on the closing of the Altus Midstream business combination in February and […]

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Shell Releases Update On First Quarter 2022 Results

Shell Chief Executive Officer, Ben van Beurden, said:“The war in Ukraine is first and foremost a human tragedy, but it has also caused significant disruption to global energy markets and has shown that secure, reliable and affordable energy simply cannot be taken for granted. The impacts of this uncertainty and the higher cost that comes […]

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Neptune Energy Reduces Net Zero Emission In Operated German Assets

Neptune Energy has secured new renewable electricity supplies for its operated assets in Germany, reducing emissions by more than 11,000 tonnes of CO2 per year, a 40% reduction in the company’s scope two emissions in the country. Reducing emissions in the production of oil and gas is a key part of Neptune’s lower carbon strategy. […]

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BP First Quarter 2022 Results Announce, To Invest Up To £18 Billion In UK Energy System by 2030

BP has Reported loss of $20.4 billion, underlying replacement cost profit of $6.2 billion Highlights Reported loss for the quarter was $20.4 billion, compared with a profit of $2.3 billion for the fourth quarter 2021. The reported result includes adjusting items* before tax of $30.8 billion. Adjusting items include pre-tax charges of $24.0 billion and […]

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Eni Reports A Robust First Quarter 2022 Results

Eni’s Board of Directors, chaired by Lucia Calvosa,  has approved the unaudited consolidated results for the first quarter of 2022. Highlights Group’s results of operations in Q1 ‘22 In Q1 ’22, the Group reported an adjusted EBIT of €5.19 billion, up by 300% from Q1 ’21. This performance was driven by the robust results of […]

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ExxonMobil Earns $5.5 Billion In First Quarter 2022

Exxon Mobil Corporation today announced estimated first-quarter 2022 earnings of $5.5 billion, or $1.28 per share assuming dilution. First-quarter results included an unfavorable identified item of $3.4 billion associated with our planned exit from Russia Sakhalin-1, or $0.79 per share assuming dilution. First-quarter capital and exploration expenditures were $4.9 billion.  The Earned $5.5 billion in […]

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