The Perenco Group has announced a change to its organisation with the appointment of Armel Simondin as the new CEO of Perenco SA, with effect from 15 March 2024. Armel has extensive experience in the oil & gas industry having spent the first part of his career with Total (now “Total Energies”) before joining Perenco […]

Eni’s Board of Directors, chaired by Giuseppe Zafarana, yesterday approved the unaudited consolidated results for the full year and the fourth quarter of 2023.  “2023 was another year of excellent results for Eni in the face of an uncertain and volatile scenario. We delivered strongly on both financial and operational targets and we continued to […]

Exxon Mobil Corporation has announced fourth-quarter 2023 earnings of $7.6 billion, or $1.91 per share assuming dilution. Fourth-quarter results included unfavorable identified items of $2.3 billion including a $2.0 billion impairment as a result of regulatory obstacles in California that have prevented production and distribution assets from coming back online. Impairments were partly offset by […]

Exxon Mobil Corporation has announced fourth-quarter 2023 earnings of $7.6 billion, or $1.91 per share assuming dilution. Fourth-quarter results included unfavorable identified items of $2.3 billion including a $2.0 billion impairment as a result of regulatory obstacles in California that have prevented production and distribution assets from coming back online. Impairments were partly offset by […]

Global controls technology leader Proserv said that sister company Gilmore, a Houston based specialist in flow control solutions, has been purchased by Control Devices, headquartered in Fenton, Missouri and a portfolio company of global conglomerate HBM Holdings. Proserv was acquired by its majority shareholders Oaktree Capital Management and KKR in 2018 and Gilmore, then incorporated […]

MetaBlue Land is an industry-first solution that seamlessly connects every stage of a project, from planning through acquisition to data delivery, while monitoring survey progress in real time Sercel has announced the launch of MetaBlueTM Land, a data-driven collaboration solution for optimum management of land and transition zone seismic surveys to boost productivity, improve safety, […]

FINANCIAL HIGHLIGHT Q4 2023 Adjusted Earnings of $7.3 billion, reflecting robust operational performance and strong LNG trading and optimisation results. CFFO of $12.6 billion for the quarter; total CFFO amounted to $54.2 billion in 2023. 2023 full year shareholder distributions of $23 billion, in excess of 40% of CFFO for 2023. 4% increase in dividend […]

Chariot, the Africa focused transitional energy group, has provided an update on the outlook for 2024 and near-term plans across its three pillars, Transitional Gas, Transitional Power and Green Hydrogen.   Onshore Morocco Loukos Licence (Chariot, Operator 75%, ONHYM, 25%) First drilling campaign of two wells is on track to commence around the end of Q1 2024. […]

Strohm, the world’s first and leading TCP technology company, has supplied TotalEnergies with a thermoplastic composite pipe (TCP) Jumper, which has been commissioned in deep water (1600 m) in West Africa. This installation has followed a rigorous testing program, during which TotalEnergies qualified the Netherlands-based company’s TCP Jumper for permanent subsea applications. All pre-deployment inspections […]

Nigeria’s Dangote oil refinery could begin test runs as early as this week after receiving a sixth crude cargo, company officials disclosed to Reuters. The plant received 1 million barrels of oil from the Agbami field in the Niger Delta, bringing to 6 million barrels the amount of crude that has been delivered since the […]