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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has announced the resignations of Mr. Michael Ajukwu and Mr. Mark Simmonds as Non-Executive Directors. Mr. Ajukwu, who had assumed the position of Chairman of Board in January 2021, has decided to step down from this role and […]

Welltec® has been awarded an exclusive three-year contract by global energy and solutions company, Petronas.  The agreement – which officially commenced on April 1st – appoints Welltec as the sole provider of downhole conveyance and powered mechanical services in both East and West regions of Malaysia. “It’s a great team effort that has led to the award […]