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 […]

Shell plc has made the following statement after the Dutch Public Prosecutor’s office announced it had dismissed its investigation into bribery allegations related to Oil Prospecting Licence (OPL) 245 in Nigeria. “We welcome today’s decision, which marks an end to the criminal investigation in The Netherlands. It follows the Milan Public Prosecutor’s appeal withdrawal earlier […]

San Leon, the independent oil and gas Production, Development and Exploration  Company focused on Nigeria announces that, further to the Company’s AIM Admission Document published on 8 July 2022 (the “Admission Document”), the documents in respect of the New ELI Investment have now been signed by the relevant parties, being ELI Malta and San Leon Energy […]

Borr Drilling Limited   has signed a binding letter of intent with an undisclosed third party for the sale of 3 high-specification units under construction with Keppel FELS shipyard – namely “Tivar”, “Huldra” and “Heidrun” (the “Transaction Rigs”). The sale transaction is subject to customary closing conditions and procedures and is expected conclude within 30 days. […]

Panoro Energy a Norwegian exploration and production oil company has just made changes at the head of its three African subsidiaries. Particularly in Gabon, Tunisia and Equatorial Guinea. Thus the Gabonese Ghislain Boukoubi was appointed general manager of the Gabonese subsidiary. While Sofiane Gaied takes over the management of the Tunisian subsidiary, and Antonino Edjang Ondo that of […]

We have been in regular contact with the administration to update the President and his staff on how ExxonMobil has been investing more than any other company to develop U.S. oil and gas supplies. This includes investments in the U.S. of more than $50 billion over the past five years, resulting in an almost 50% […]

Chevron Corporation  has announced a simplified organizational structure and senior leadership changes intended to strengthen execution and pace to deliver on the company’s objectives of higher returns and lower carbon. Effective October 1, 2022, the company will consolidate its Upstream, Midstream and Downstream business segments under a new executive vice president, Oil, Products & Gas, who […]

 Panoro Energy ASA has announced the appointment of Ms. Grace Reksten Skaugen to its Board of Directors, effective immediately. Ms. Skaugen has extensive experience working with a broad range of companies within the energy and global financial industries. Ms. Skaugen is a board member and co-founder of the Norwegian Institute of Directors and holds several board […]