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. […]

Nigeria’s leading energy company, The Shell Petroleum Development Company of Nigeria Limited (SPDC), operator of the SPDC Joint Venture, and the University of Port Harcourt in Rivers State have appointed Sunday Ikiensikimama, a professor of Petroleum and Gas Engineering, on a four-year term to the SPDC JV Aret Adams Professorial Chair in Petroleum Engineering at […]

The Board of Directors of Royal Dutch Shell has announced the appointment of Sir Andrew Mackenzie as the new Company Chair with effect from the conclusion of Shell’s 2021 Annual General Meeting, scheduled for May 18, 2021. Andrew will succeed Chad Holliday who will step down on May 18 having served as Chair for six […]

NEO Energy and HitecVision have announce dthe signing of a transaction that solidifies NEO’s position among the largest oil and gas producers in the UK. Based on current estimates NEO’s production will grow from circa 80,000 barrels of oil equivalent per day (boepd) in 2021 to a stable production base in the period 2022 – […]

W&T Offshore has reported operational and financial results for the fourth quarter and full year 2020 including the Company’s year-end 2020 reserves report and 2021 guidance. Key highlights included: Produced 38,261 barrels of oil equivalent per day (“Boe/d”), or 3.5 million barrels of oil equivalent (“MMBoe”) (47% liquids), in the fourth quarter of 2020, above […]

Shelf Drilling has announced results for the fourth quarter and full year of 2020 ending December 31. Fourth Quarter Highlights • Q4 2020 Revenues of $121.3 million, a 5% sequential decrease compared to Q3 2020. • Q4 2020 Adjusted EBITDA of $31.8 million, representing an Adjusted EBITDA Margin of 26%.  • Full Year 2020 Revenue […]

Ocean Infinity and MMT have announced an acquisition that brings together MMT’s deep expertise and established track record as a distinguished marine survey and data analytics provider and Ocean Infinity’s best-in-class robotic technology and operational expertise. The combined force will maximise the potential of Ocean Infinity’s fleet of Autonomous Underwater Vehicles (AUVs), and the soon […]

Exxon Mobil Corporation said today that Michael Angelakis and Jeffrey Ubben have joined its board of directors.  Angelakis is chairman and CEO of Atairos, an independent strategic investment company focused on supporting growth-oriented businesses across a range of industries. Prior to founding Atairos, he served as Comcast Corporation’s vice chairman and chief financial officer. In […]