Exxon Mobil Corp. announced several new emissions targets and said it would begin publishing pollution related to customers’ use of its products for the first time; just days after activist investors criticized the oil giant for its environmental record. Exxon will reduce the intensity of upstream emissions by as much as 20% by 2025, the […]

Chevron Corporation has announced that Marillyn A. Hewson has been elected to Chevron’s board of directors, effective on January 1, 2021. She will serve on the Audit Committee of the Board. Hewson, 66, is executive chairman of Lockheed Martin Corporation. She served as Lockheed Martin’s chairman, president and chief executive officer from January 2014 to […]

The world oil and gas sector was thrown into unprecedented economic crunch owing to the advent of novel pandemic that is currently bedeviling the global finance.  Major exploration and production companies have   penultimately announced delays and cancellations impacting minor projects, but the start-up dates of most major hydrocarbon projects are expected to be postponed by […]

Leading global offshore services provider Swire Oilfield Services has unveiled a new corporate brand, as the business continues to embrace the current energy transition. The company has changed its name to Swire Energy Services after more than 40 years’ operating in the oil and gas industry.  The move follows a period of diversification for Swire, […]

Bowleven, the Africa focused oil and gas exploration has announced that its Operational Etinde offshore Cameroon Front End Engineering Design (FEED) contract has been awarded to Technip in Q1 2020 Commencement was delayed until 1 July 2020 due to the impact of the COVID-19 pandemic. This contract focuses on the design and engineering of the […]

 The ANOH Gas Processing Plant development at OML 53 will comprise a 300 MMscfd midstream gas processing plant in its first phase. The contractors for the civil foundation works, plant roads and drainages have mobilized to site with work progressing as planned according to the released unaudited report by Seplat Petroleum Development Company Plc . […]

Petrobras signed, after negotiation with its partners in the BM-S-11 Consortium, Shell Brasil Petróleo Ltda (25%) and Petrogal Brasil S.A. (10%), commitment to purchase the P-71 platform, subject to previous conditions related to milestones in the physical advancement of the unit. It was also agreed to develop a new Development Plan (PD) for the Tupi […]

Eunisell Production Solutions has pioneered a new business model, enabling NOCs to realise their development goals and bring their fields up to optimum operating potential, without relying on external investment.  The delay between when the blocks are awarded and when development commences is a tangible concern for any investor or financial institution. Obstacles to the […]

Eni has been confirmed today, for the third year, as a Global Compact LEAD participant, in a sign of its ongoing commitment to the United Nations Principles for responsible business. Eni was identified as being among the most highly-engaged participants of the world’s largest corporate sustainability initiative. LEAD is a platform for highly-engaged participants in […]

Zenith Energy Ltd, the listed international oil & gas Production Company focused on pursuing African development opportunities, is pleased to announce that it’s wholly owned subsidiary Zenith Energy Netherlands B.V.  has signed a conditional sale and purchase agreement(SPA) with CNPC International (Tunisia) Ltd., a 100% subsidiary of CNPCI, CNPC International Ltd., for the acquisition of a working interest in, inter alia, the […]