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, […]

Neptune Energy and its joint venture partners, bp and JAPEX have completed the safe and successful installation of the manifold and umbilical for the Seagull project in the UK Central North Sea. TechnipFMC, working under the Neptune Energy Alliance Agreement, undertook the construction activities on the development from the CSV Deep Star vessel. The activities […]

IOG, the Net Zero UK gas and infrastructure operator focused on high return projects, today provides a corporate and operational update. “The offshore subsea and hook-up scopes for the Blythe and Elgood fields are now complete. We continue to work closely with Bacton terminal operator Perenco and an enlarged workforce to complete the reception facilities […]

Maersk Drilling has been awarded a contract with ONE-Dyas B.V. which will employ the harsh environment jack-up rig Maersk Resolute to drill the IJssel and Clover exploration wells in the Dutch sector of the North Sea. The contract is expected to commence in December 2021, with a firm duration of 84 days. The contract value […]

Woodside has entered into a sale and purchase agreement with Global Infrastructure Partners (GIP) for the sale of a 49% non-operating participating interest in the Pluto Train 2 Joint Venture (Transaction). Pluto Train 2 is a key component of the proposed Scarborough development and includes a new LNG train and domestic gas facilities to be […]

The Company’s reported record net profit of $279 million (AED 1,025mm) as compared to a loss of $379 million (AED 1,390mm) in 9M 2020. The key drivers were higher oil prices, improved operational performance and other income. 9M 2021 profit included ‘Other Income’ of $608 million (AED 2,229mm) and a $78 million (AED 286mm) reversal […]

TechnipFMC has become a shareholder in the Scottish-based floating tidal turbine technology firm Orbital Marine Power. The investment and partnership aim to accelerate the commercialisation of Orbital’s technology and deliver the first commercial scale floating tidal field. Orbital has developed the world’s most powerful tidal turbine to date, with the capacity to meet the annual […]

The Board of Royal Dutch Shell plc (Shell) today announced a proposal to simplify the company’s share structure to increase the speed and flexibility of capital and portfolio actions. The simplification is designed to strengthen Shell’s competitiveness and accelerate both shareholder distributions and the delivery of its strategy to become a net-zero emissions business. Shell’s […]