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 […]

Africa Oil Corp. has announced that it has received a dividend from Prime Oil and Gas Cooperatief UA (Prime). Prime has distributed a US$100 million dividend with a net payment to Africa Oil of US$50 million related to its 50% shareholding. Since acquiring its 50% shareholding in Prime for a cash consideration of $520 million in January 2020, Africa Oil has received […]

Seadrill Limited a world leader in offshore drilling provides a market update for the third quarter of 2021. During the quarter, Seadrill continued to sign high-quality contracts contributing $145m to backlog, reflecting the depth of its customer relationships. Total backlog as of September 30, 2021 stood at $2.1bn. Highlights during the period included: West Gemini – […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, is pleased to provide the following update on the proposed reorganisation to consolidate Midwestern Oil and Gas Company Limited’s (“Midwestern“) holding in the Company and Midwestern Leon Petroleum Limited (“MLPL“) into a single holding in the Company (the “Potential Transaction“).  The Potential Transaction also includes, inter alia, […]