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Company News

Expression Of Interest For Provision Of Long-Range Security Escort Vessels For LNG Tankers

NLNG requires the services of a Long-Range Security Escort Vessel (LRSEV) provider for the provision of maritime security support to tankers calling at the NLNG Bonny Terminal, Rivers State, Nigeria, while in transit within the Gulf of Guinea. NLNG hereby invites LRSEV providers with experience, capacity and all relevant regulatory permits and licences to express […]

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Shell CEO Ben Van Beurden Completes Tenure, Wael Sawan Steps In

Shell plc announced that Ben van Beurden will step down as Chief Executive Officer (CEO) at the end of 2022, and that his successor will be Wael Sawan. Wael’s appointment is effective January 1, 2023*, when he will also join Shell’s Board of Directors. Ben van Beurden will continue working as adviser to the Board […]

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VAALCO’S VP Announces Exit From Board

VAALCO Energy has disclosed Michael Silver, its Executive Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer intention to leave VAALCO in pursue of other interests. Mr. Silver will remain with the Company for a transitional period to facilitate consummation of the proposed arrangement with TransGlobe Energy Corporation. The Company has launched an executive […]

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ReconAfrica Appoints Ms Michelle Borthwick As Corporate Secretary

ReconAfrica  has appointed Michelle Borthwick to the position of Corporate Secretary. Ms. Borthwick is a corporate finance and governance professional with over 25 years’ experience in senior corporate finance and governance roles providing advice and support to various Canadian public-listed issuers on the Toronto Stock Exchange, TSX Venture Exchange, Canadian Securities Exchange and OTCMarkets. She […]

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Shell’s CEO Van Beurden Steps Down In 2023

(SHEL.L) has shortlisted four candidates to succeed Chief Executive Ben van Beurden who is preparing to step down next year after nearly a decade at the helm of the giant energy firm, two company sources told Reuters.

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Seadrill In SPA With ADES Disposes Seven Jack-Ups

Seadrill Limited announced today that it has entered into a binding Share Purchase Agreement with subsidiaries of ADES Arabia Holding Ltd. (together, “ADES”) to sell the legal entities that own and operate seven jack-ups (the “Jack-up Sale”) in the Kingdom of Saudi Arabia. Upon completion of the Jack-up Sale, the AOD I, AOD II, AOD III, […]

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Eco Oil & Gas Gives Operational And Financial Update

Eco (Atlantic) Oil & Gas Ltd the oil and gas exploration company focused on the offshore Atlantic Margins, has announced its results for the three months ended 30 June 2022. In addition, the Company is notifying the market of an investor event to be held on 19 September 2022, details of which can be seen below.  This announcement followed […]

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Aramco Records Strong Second Quarter Drive Up Net Income In Q2 2022

The Saudi Arabian Oil Company  has announced its financial results for the second quarter of 2022, posting a 90% year-on-year (YoY) increase in net income and declaring a dividend of $18.8 billion to be paid in the third quarter. The results set a new quarterly earnings record for the Company since its Initial Public Offering […]

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Devon Energy Acquires Validus Energy Entire Asset

Devon Energy has entered into a definitive purchase agreement to acquire Validus Energy, an Eagle Ford operator, for total cash consideration of $1.8 billion. The transaction is subject to customary terms and conditions and is expected to close at the end of the third quarter of 2022, with an effective date of June 1, 2022. […]

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Kosmos Energy Gives Q2 2022 Operations & Financial Update, As GTA Project Processes

Kosmos Energy has announced   its financial and operating results for the second quarter of 2022. For the quarter, the Company generated a net income of $117 million, or $0.25 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net income(1) of $132 million, or $0.28 […]

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