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 […]

Tullow Oil plc is pleased to announce the appointment of Phuthuma Nhleko as an independent non-executive Director and Chairman-designate of Tullow. Phuthuma will join the Board as a non-executive Director on 25 October 2021 and will take over as Chairman of Tullow from Dorothy Thompson, CBE, following a suitable handover period and after Dorothy steps […]

The Board of Eni, chaired by Lucia Calvosa, has approved the launch of a process for an Initial Public Offering and listing of shares in Eni’s newly merged Gas&Power retail and renewables business. Eni has concluded that an IPO is the preferred route to crystallize the value of the business and plans to complete the […]

Africa Oil Corp. absolved additional two key staff members to its management team in a strategy to strengthen its operational position as a global player in deepwater oilfield expertise. Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria; development assets in Kenya; and an exploration/appraisal portfolio in Africa and Guyana The […]

Employers in the UK are becoming increasingly aware of the challenges of seeking to enforce double vaccination status for staff as they navigate their way through the pandemic and subsequent “pingdemic” which is causing widespread disruption. Currently, double vaccination status is only compulsory for employees who work in care homes (with effect from 11 November […]

Bp announced the appointment of Anja-Isabel Dotzenrath as its new executive vice president, gas and low carbon energy, and member of bp’s leadership team. Until recently she was chief executive officer of RWE Renewables, one of the world’s leading renewables businesses. Anja-Isabel will join bp on March 1st 2022.    Bernard Looney, bp chief executive, said: […]

LEKOIL the oil and gas exploration and production company with a focus on Nigeria and West Africa, has shown an  Intention to enter into Convertible Facility Agreement (“CFA”), allowing the Company to draw down up to £200,000, primarily to fund legal costs for the protection of shareholder value as well as to cover some ongoing […]