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Company News

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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Maersk divests two jack-up Rigs- ‘Maersk Guardian and Mærsk Gallant’

Maersk Drilling has sold the jack-up rig Maersk Guardian (now named Guardian) to New Fortress Energy, and the parties have further entered into an agreement about the sale of the jack-up rig Mærsk Gallant with anticipated closing in June 2021. The total sales price for the two rigs is USD 31m in all-cash transactions. The […]

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Heirs Oil & Gas is Repositioning for greater heights, Appoints new CEO and other Board members

Heirs Oil & Gas (HHOG), the leading African integrated energy company, has recently repositioned the company’s management team towards achieving a greater opportunities in the sector amid COVID 19 pandemic that is currently affecting the global economy in general. The company has announced the appointment of Osayande Igiehon as Chief Executive Officer, effective May 4, 2021, together […]

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Elkem establishes new company Vianode on advanced battery materials

Elkem has successfully commissioned its industrial pilot for battery materials in Kristiansand, Norway, starting industrial scale pilot production for customers. As the next step towards large-scale production, Elkem is now establishing Vianode as a new company and brand dedicated to develop and produce sustainable and high quality active anode materials to meet the needs of […]

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San Leon Energy Changes Board

San Leon, the independent oil and gas production, development and Exploration Company focused on Nigeria, is pleased to announce that John Brown has joined the Board on 7 May 2021 as an independent Non-Executive Director.  Mr Brown has more than 20 years of international experience in oil and gas and related industries, including over nine years […]

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FAR Releases Operational and CSR Update

On 19 January 2021 the FAR group executed a Sale and Purchase Agreement with Woodside in relation to the sale. As consideration for the sale (the “Transaction”), Woodside has agreed to pay FAR US$45 million and will reimburse FAR’s share of working capital for the RSSD Project from 1 January 2020 of US$82.02 million, totalling […]

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