Polarcus Limited a global focused geophysical company that operates a fleet of high performance seismic vessels with 3D and 4D imaging capabilities,has announced the award of an XArray™ 3D marine seismic acquisition project in West Africa. The XArray™ 3D marine seismic acquisition project is expected to commencce in October 2020 with duration of approximately 2 […]

LEKOIL an Africa focused oil and gas exploration and production company with interests in Nigeria and Namibia has termed the company’s operation in 2019 as a pivotal year. Operational Highlights Otakikpo *Production levels averaged approximately gross 5,305 bopd (2,122 bopd net to LEKOIL Nigeria) *Updated Competent Person’s Reports announcing a significant upgrade to 2P oil reserves […]

Africa Oil has announced that it has received its fourth dividend from Prime Oil and Gas B.V., a company that holds interests in deepwater Nigeria production and development assets. Prime says it has distributed a US$50 million dividend with a net payment to Africa Oil of US$25 million related to its 50% interest. The Company has […]

Maersk Drilling has been awarded an additional one-well contract from Aker BP for the low-emission jack-up rig Maersk Integrator. In direct continuation of its previously announced work scope, the rig will move to the Ula field offshore Norway to drill the Ula F – Producer 1 well. The contract has an estimated duration of 85 […]

Australian firm Woodside has moved to corner the purchase of Cairn Energy’s 40% stake in the Sangomar project off Senegal out from under the nose of Russian firm Lukoil. Lukoil is a Russian major exploration and production company with headquarter in Moscow has last month struck a deal to buy Scottish firm Cairn’s entire interest […]

Neptune Energy and its partners has announced the commercial discovery of oil at the Dugong well (PL882) in the Norwegian sector of the North Sea, the largest discovery in Norway so far this year. The volumes are estimated to be in the range of 6.3 – 19.0 million standard cubic meters (MSm3) of recoverable oil […]

After a decade of meritorious service as pioneer Chief Executive Officer of a reputable Indigenious Exploration and Production company with global expertise, Mr Austin Avuru has honorably exchanged an experienced loaded baton to Roger Brown as the new Chief Executive Officer (CEO) of Seplat Petroleum Development Company Plc. Mr Brown is expected to lead the […]

Yinson Holdings Berhad a renowned world leading FPSO and FSO company has once again been recognised as a ‘Most Honoured Company’ in this year’s 2020 All-Asia Executive Team Rankings organised by Institutional Investor, making this the second consecutive year Yinson is receiving this award. Additionally, Group Chief Executive Officer Lim Chern Yuan has been ranked […]

General Electric has announced its plans to completely divest from oil services giant Baker Hughes  by selling its remaining 377 million shares over three years. At current prices, the 37% stake is worth $5.5 billion — down significantly in the past year as shares in both companies have slumped nearly 40% ytd according to information made […]

Reliance Industries Limited a Fortune 500 company and the largest private sector corporation in India, a global energy giant and owned by Asia’s richest man has toppled ExxonMobil Corp to become the world’s largest energy company after Saudi Aramco. Investors have now piled into the conglomerate lured by the Indian firm’s digital and retail forays. […]