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. […]

Maersk Drilling has secured an additional one-well contract from Aker BP, acting as operator of the Tambar license, for the low-emission jack-up rig Maersk Integrator. In direct continuation of its current work scope, the rig will move to the Tambar field offshore Norway to drill the K-2B development well, with work expected to commence in […]

The launch was attended by Mohammad Sanusi Barkindo, OPEC Secretary General; Professor Jonas Puck, the Academic Director of the Executive Academy at the Vienna University of Economics and Business which sponsored the event; Member Country representatives; and Members of Management from the OPEC Secretariat. The 2020 ASB provides a wide range of data on the […]

Royal Dutch Shell plans to slash the value of its oil and gas assets by up to $22 billion after the coronavirus crisis hit demand for fuel and weakened the outlook for energy prices, the Anglo-Dutch energy company said. The writedown announcement came after Shell cut its forecast for energy prices into 2023 on expectations […]

In response to the current global COVID-19 pandemic and the associated crash in the price of oil, the African Energy Chamber (AEC) and the IAGC have proposed a number of mitigating measures on behalf of the oil and gas industry. These measures are intended to mitigate the expected loss of jobs and abandonment of erstwhile […]

London (Bloomberg) – Tullow Oil and Total are process to sell part of their stakes in oil discoveries in Kenya. According to familiar source, the French energy giant is planning to sell half of its 25% stake in the fields, said one of the people. Tullow said last year that it planned to reduce its […]

OILSERV a leading indigenous EPC Nigeria company with global presence has finally commenced the nation’s Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline project. The company has been awarded the engineering, procurement, construction, installation, testing, and commissioning of the first segment of the 614 km x 40-Inch Gas pipeline, which expanses from Ajaokuta to a mid-way between Abuja and […]

Savannah Petroleum has recently disclosed that it wouldc o n s i d e r  oil and  gas acquisitions in Nigeria with utmost priority, describing a purchase completed late last year as just warm up for further expansion. Savannah Petroleum recent purchase of Seven Energy International’s Nigerian gas assets, sub-Sahara Africa’s largest gas infrastructure and […]