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 […]

Lekoil, the oil and gas exploration and production company with a focus on Nigeria and West Africa has announced the following Board change. George Maxwell, an independent non-executive director of the Company, has tended his resignation to focus on his new role as CEO of VAALCO Energy, Inc., Mr. Maxwell will be stepping down from his […]

Real-time digital twin pioneer Akselos, has appointed Shell Venture’s Michiel Van Haersma Buma as Vice President of Customer Success. Michiel enjoyed a 12-year career with Shell as a commercial technologist, most recently spending five years with the energy giant’s Venture Capital arm, leading the implementation of breakthrough tech across Shell’s global operations. He is well-versed in Akselos’ […]

Halliburton Company and Optime Subsea today announced they formed a global strategic alliance to apply Optime’s innovative Remotely Operated Controls System (ROCS) to Halliburton’s completion landing string services. The companies will also collaborate and offer intervention and workover control system services leveraging Optime’s Subsea Controls and Intervention Light System (SCILS) technology, a remote digital enabled […]

This is an update to the first quarter 2021 outlook provided in the fourth quarter results announcement on February 4, 2021. The impacts presented here may vary from the actual results and are subject to finalisation of the first quarter 2021 results. Unless otherwise indicated, presented impacts relate to Adjusted Earnings on a post-tax basis. […]

Shell has published its 2020 Sustainability Report, its Industry Association Climate Review and its annual Payments to Governments Report. The three reports together further demonstrate Shell’s efforts to remain at the forefront of the drive for greater corporate transparency around activities that are important to investors, governments and civil society. The 24th edition of the […]

Maersk Drilling has secured a contract with Shell Malaysia for the 7th generation drillship Maersk Viking to drill four development wells at the Gumusut-Kakap project offshore Malaysia. The contract is expected to commence in December 2021, with an estimated duration of 150 days. The firm contract value is approximately USD 34m, including a mobilisation fee. […]