Tullow Oil, the independent oil and gas exploration and production group, announces its Full Year Results for the year ended 31 December 2023. Rahul Dhir, Chief Executive Officer, Tullow Oil plc, commented:“2023 was a year of significant achievements, including start-up of Jubilee South East that delivered material production growth from our core operated field, a […]

Africa Oil Corp. has confirmed positive and successful operations and consolidated financial results for the three months and the year ended December 31, 2023, together with its 2024 Management Guidance.  The company in its end of fourth quarter release stated that ithassuccessfully met 2023 Management Guidance on production and cash flow from operations, declaring that the company […]

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. […]