Northern Oil and Gas has announced a management promotion and an addition to the Board of Directors. MANAGEMENT PROMOTION Northern’s Chief Operating Officer, Adam Dirlam, has been promoted effective immediately to serve as President. “During an incredibly transformational year for our company, it has become clear that Adam is ready and deserving of the role […]

Cenovus Energyhas released its 2022 budget, updated corporate strategy, five-year business plan and environmental, social and governance (ESG) targets, built on the company’s demonstrated operating strength, capital discipline and ESG leadership. The 2022 guidance includes capital spending of $2.6 billion to $3.0 billion and total production of approximately 800,000 barrels of oil equivalent per day […]

Suncor released its 2022 corporate guidance today which supports the previous announcements of doubling the dividend, increasing share buybacks and lowering the capital program by $300 million. The 2022 guidance reflects strong operational performance across all assets and continued capital and cost discipline. Highlights include: Upstream production of 750,000 to 790,000 barrels of oil equivalent […]

Jim House has decided to retire from his role as Chief Executive Officer and from the Neptune Energy Board on 31 December 2021. Pete Jones, currently Neptune’s VPOperations, Europe, will succeed Jim as Chief Executive Officer and join the Board on 1 January 2022.Pete Jones will take on the role of CEO for Neptune Energy […]

SBM Offshore is pleased to announce that it has secured a US$620 million bridge loan facility for the financing of the construction of FPSO Alexandre de Gusmão. The FPSO Alexandre de Gusmão will be deployed at the Mero field in the Santos Basin offshore Brazil. Mero is a project under Libra Consortium responsibility, in which Petrobras is the operator with 40 percent […]

As a result, the Board has also decided to change the company’s name to Shell plc which will be implemented in January 2022, with a further announcement to be made at the time. Today’s decisions follow the completion of the consultation with the CentraleOndernemingsraad van Shell Nederland (Central Staff Council of Shell Netherlands) and the […]

Woodside and Viva Energy have entered into a memorandum of understanding (MoU) to progress discussions on capacity rights at Viva Energy’s proposed LNG regasification terminal (the Gas Terminal Project) in Geelong, Victoria, which could enable Woodside to supply LNG to the east coast Australian market. Under the terms of the MoU, Woodside will discuss with […]

Woodside’s Australian corporate income tax is paid by three entities: our 90%-owned Burrup Facilities Company Pty Ltd and Burrup Train 1 Pty Ltd, which reflect the joint ventures we operate; and Woodside Petroleum Ltd. The data reported in the Australian Taxation Office (ATO) 2019-20 Report of entity tax information shows that in respect of the […]

Corporation today announced a 2022 organic capital and exploratory spending program of $15 billion, at the low end of its $15 to $17 billion guidance range and up more than 20% from 2021 expected levels. This capital program supports Chevron’s objective of higher returns and lower carbon, including approximately $800 million in lower carbon spending. […]

San Leon, the independent oil and gas production, development and Exploration Company focused on Nigeria, has announced the appointment of Julian Tedder as Chief Financial Officer and Executive Director of the Company with immediate effect.  Julian is a chartered accountant and previously served as Chief Financial Officer of IGas Energy plc and General Manager, Finance of Tullow […]