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 […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]

The North Sea Transition Authority (NSTA) has fined Shell UK Limited £50,000 and served it with a Sanction Notice for breaching five field production consents. Effective management of production consents is an indicator of good stewardship of fields, and is an important component of a stable, well-regulated industry which has the trust and confidence of […]

The Board of Directors of Seplat Energy Plc a Nigeria indigenous exploration and production company had  announced the appointment of Mrs. Bashirat Odunewu as an Independent Non-Executive Director of the Company, Mr. Kazeem Raimi as a Non-Executive Director and Mr. Ernest Ebi as a Non-Executive Director. The three appointees will be joining the Seplat Board with […]

Russian energy giant Lukoil, has announced the resignation of the Company’s President and member of the Board of Directors VagitAlekperov. VagitAlekperov has resigned as CEO and as a member of the board of directors. VagitAlekperov was a former Soviet deputy oil minister and a supporter of close ties between Russia and OPEC and his resignation […]