HIGHLIGHTS H1 2023 EBITDA of USD 57.8 million and net profit of USD 0.3 million H1 2023 gross production of 2.0 million barrels with 1.5 million barrels net to the Company Operating cash flow of USD 71.3 million and cash position of USD 233 million on 30 June Executed USD 100 million accordion on the […]

Jonathan Leather has notified the United Oil & Gas Board of his intention to step down as Chief Operating Officer (‘COO’) and Executive Director as of 31 August; the company has disclosed.  Whist Jonathan will step back from day-to-day operational activity, given the status of the Jamaica farmout process he will continue to provide support to the Company […]

Majestic Rig is a Swamp environment and the Shallow Water Offshore environment drilling rig owned by Depthwize Limited an indigenous drilling contractor that operate three rigs, two Swamp barges and one ultra shallow off shore rig in Nigeria oil and gas industry. In addition to the three drilling rig Units, Depthwize has three additional Units […]

Africa Energy Corp. an oil and gas exploration company, has announced financial and operating results for the three and six months ended June 30, 2023. OUTLOOK The Block 11B/12B1 joint venture has applied for the Production Right and is contemplating an early production system (“EPS”) for a phased development of the Paddavissie Fairway. The EPS would provide first […]

Neptune Energy has declared its financial results for the six months ended 30 June 2023. The company half year operation and the financial report is coming barely months after Neptune announced the Signing of a sale and purchase agreement with Eni International BV to acquire Neptune Energy Group Limited, with Vår Energi ASA simultaneously signing […]

(YENAGOA Reuters) – Nigeria LNG said on Wednesday the force majeure it declared in October due to widespread flooding that disrupted supply is continuing. Force majeure refers to unexpected external circumstances that prevent a party to a contract from meeting obligations “The force majeure still subsists as the unavailability of upstream gas suppliers’ major liquids […]

Baker Hughes an energy technology company, announced Tuesday a memorandum of understanding (MoU) with airport management and operations company Avports to develop, implement and operate onsite microgrid solutions for the airport industry. The collaboration agreement addresses emissions reduction and the global industry’s goal to focus on zero-emission buildings, horizontal airport infrastructure, vehicles and aircraft systems. […]

  Chevron Corporation a world leading integrated energy companies has announced that it has finalized the acquisition of PDC Energy, Inc. this following the approval by PDC Energy shareholders on the acquisition deal.  “We’re pleased to welcome PDC Energy into Chevron,” said Bruce Niemeyer, Chevron’s president for Americas Exploration & Production. “Our companies have similar […]

A proposed mega joint venture between SLB, Subsea7 and Aker Solutions cleared regulatory review and is moving toward a Q4 2023 closing has been secured. The joint venture is planned as a milestone in subsea production economics by helping customers unlock reserves, reduce time to first oil, lower development costs and achieve decarbonization goals. The […]

Hydrocarbon Dynamics Limited a process and production chemical company has received an order for A$182,000 for its new product, BitFlow D75 from a large operator in South Sudan that is majority owned by Malaysia’s state-owned energy company, Petronas. A payment of A$91,000 has been received upfront with the balance payable upon proof of delivery of […]