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Company News

Baker Hughes, Electrochaea to Expand Carbon Utilization Portfolio with Innovative Power-to-Gas Solution

Baker Hughes an energy technology company has announced an investment in Electrochaea, a growth stage company developing novel proprietary bio-methanation technology. Through its investment, Baker Hughes will enhance its broader carbon capture and utilization (CCU) portfolio and provide an integrated solution for customers across the carbon dioxide (CO2) value chain to enable the production of low carbon […]

Oilfield Africa - Wednesday June 30, 2021
Tullow Oil Non-Executive Chair Dorothy Thompson CBE, Steps down

Tullow Oil plc announces that Dorothy Thompson CBE, Non-Executive Chair, has decided to step down from Tullow’s Board. A search process to find a new Chair has been launched and is expected to conclude towards the end of the summer.  Dorothy will remain Chair of Tullow until the new Chair is appointed and an appropriate […]

Oilfield Africa - Friday June 4, 2021
Lekoil to appoint new CEO, stripes Mr Olalekan Akinyanmi Directorship

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that it has terminated the employment contract of its CEO, Mr. Olalekan Akinyanmi, with immediate effect, due to a corporate governance breach.     The Company will commence a search for a new CEO and, in the interim […]

Oilfield Africa - Friday June 4, 2021
Exxon May Change Directorate as Activist Expands Boardroom Presence with Third Seat

Exxon Mobil Corp. activist investor Engine No. 1 expanded its presence on the oil giant’s board to three seats, according to preliminary vote tallies, cementing a victory that has reverberated across the energy industry. The initial counts show the newest nominee from Engine No. 1’s slate elected to Exxon’s 12-member board is private-equity investor Alexander […]

Oilfield Africa - Friday June 4, 2021
Baker Hughes, Aramco partner on Digital Transformation

Baker Hughes (NYSE:BKR) has announced it has deployed its industry-leading remote operations digital technology across Aramco’s drilling operations, encompassing 200+ sites, the largest deployment of its kind in Baker Hughes’ history. Building upon Aramco’s existing industry-leading data management infrastructure and capabilities, this project provides the company with a single solution that covers data aggregation from the […]

Oilfield Africa - Wednesday June 2, 2021
ExxonMobil conducts board of directors election, releases names of potential directors

ExxonMobil said that based on preliminary vote estimates by its proxy solicitor, shareholders have elected eight of ExxonMobil nominees to the board of directors and two of Engine No. 1 nominees. Vote results for five nominees were too close to call.  “We welcome all of our new directors and look forward to working with them […]

Oilfield Africa - Friday May 28, 2021
ReconAfrica Refutes National Geographic’s Environmental Activists Allegation

Reconnaissance Energy Africa Ltd. provides a factual response to National Geographic’s false and defamatory article May 21, 2021, written by environmental activists. ReconAfrica’s Vital Operations in Namibia We are proud that the Namibian Government has selected ReconAfrica as one of over 30 national and international energy companies it trusts to explore the country’s natural resource potential […]

Oilfield Africa - Thursday May 27, 2021
W&T Offshore Announces Enhancement to Capital Structure

W&T Offshore, Inc. has announced that it has enhanced its capital structure by entering into a transaction with its wholly-owned special purpose vehicles (the “SPVs”) and Munich Re Reserve Risk Financing, Inc. (“MRRF”). In this transaction, the Company transferred 100% of its Mobile Bay Area producing assets (the “Mobile Bay Assets”) and related gas treatment […]

Oilfield Africa - Saturday May 22, 2021
The Rebirth of French oil giant Total new name ‘Total Energies’

French group Total, one of the world’s biggest energy companies, is preparing to change its name to TotalEnergies to signal its diversification towards cleaner energy sources. Founded in 1924 as the Compagnie francaise des petroles, The Company is set to unveil the new name on May 28 during a shareholders’ general assembly. Recently, Total has […]

Oilfield Africa - Saturday May 22, 2021
Halliburton, TGS Unveil full-field fiber and seismic imaging to improve downhole insight

Halliburton Company and TGS-NOPEC Geophysical ASA has announced a collaboration to bring advanced seismic imaging to fiber optic sensing. The alliance will provide operators with advanced insight to determine their reservoir potential for oil and gas production or carbon storage. The Halliburton FiberVSP™ and Odassea™ distributed acoustic sensing solutions will now incorporate TGS’s seismic imaging […]

Oilfield Africa - Thursday May 20, 2021

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