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 […]

Touchstone Exploration Inc.  said it has slated plan for the Company submission of a notice to residents in the community that the Coho gas facility and pipeline will commence pre-commissioning and commissioning operations. Pursuant to the Coho Certification of Environmental Clearance, residential notification is required to be made a minimum of five business days prior […]

Chevron Corporation  has announced the appointment of Alana K. Knowles as vice president and controller, effective March 1, 2023. Knowles will succeed David A. Inchausti, who will resign from that position effective February 28, 2023, and is expected to retire from the company in April 2023, after 35 years of service. Knowles will lead Chevron’s accounting policy and external reporting, financial […]

Chevron Corporation  has reported earnings of $11.6 billion ($5.95 per share – diluted) for second quarter 2022, compared with $3.1 billion ($1.60 per share – diluted) in second quarter 2021. Included in the current quarter were charges associated with an early contract termination of $600 million, pension settlement costs of $11 million, and a gain on asset sales of $200 million. Foreign currency effects […]

Exxon Mobil Corporation today announced estimated second-quarter 2022 earnings of $17.9 billion, or $4.21 per share assuming dilution. Second-quarter results included a favorable identified item of nearly $300 million associated with the sale of the Barnett Shale Upstream assets. Capital and exploration expenditures were $4.6 billion in the second quarter and $9.5 billion for the […]

Eni’s Board of Directors, chaired by Lucia Calvosa,  has approved the unaudited consolidated results for the second quarter and first half 2022.  “Amid uncertainty and volatility in markets we moved fast to secure new energy supplies. After new gas agreements with our partners in Algeria, Congo and Egypt earlier in the year, in June Eni […]

LEKOIL (AQSE: LEK), the Cayman Islands litigation asset company with an investment in oil & gas assets in Nigeria, wishes to announce that its Non-Executive Chairman, Mr Olapade Durotoye has notified the Board of Directors of his intention, subject to final agreements, to take up a significant role with Savannah Energy PLC in Nigeria. Savannah […]

Africa Oil regrets to announce the death of the Company’s founding shareholder and inspirational leader behind the Company, Mr. Lukas H. Lundin, in Geneva, Switzerland on 26 July 2022 at the age of 64, following a two-year battle with brain cancer. Over the past 40 years, Lukas Lundin was the driving force behind the tremendous […]

Equinor delivered adjusted earnings of USD 17.6 billion and USD 5.00 billion after tax in the second quarter of 2022. Net operating income was USD 17.7 billion and the net income was reported at USD 6.76 billion. Strategic and industrial developments: Further optimisation of the oil and gas portfolio Assets in Russia exited Continued progress […]

Chevron one of the world’s leading integrated energy companies has said in its media release that the Board of Directors of Chevron Corporation has declared a quarterly dividend of one dollar and forty-two cents ($1.42) per share, payable September 12, 2022, to all holders of common stock as shown on the transfer records of the […]