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 […]

Kosmos Energy announced  its financial and operating results for the third quarter of 2023. For the quarter, the Company generated a net income of $85 million, or $0.18 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net income(1) of $126 million, or $0.26 per […]

bp has successfully started production from the Seagull oil and gas field in the UK North Sea, boosting energy supplies, supporting the supply chain and jobs, and underpinning continued production from an offshore facility that’s been operating for 25 years.  Seagull has been developed by Neptune Energy as a subsea tieback to the bp-operated central […]

Quarter Analysis Income attributable to Shell plc shareholders, compared with the second quarter 2023, mainly reflected higher refining margins, higher realised oil prices, higher LNG trading and optimisation results, and higher Upstream production, partly offset by lower Integrated Gas volumes. Third quarter 2023 income attributable to Shell plc shareholders also included impairment charges, largely offset […]