bp and OMV today announced the signing of a long-term sale and purchase agreement (SPA) covering supply of up to 1 million tonnes of liquefied natural gas (LNG) per year for 10 years from 2026. Under the terms of the agreement, bp will provide OMV with LNG from its diverse and global portfolio of LNG, […]

Eni’s Board of Directors, chaired by Giuseppe Zafarana, yesterday approved the unaudited consolidated results for the second quarter and first half 2023. Eni CEO Claudio Descalzi said: “Eni has delivered excellent operating and financial results in Q2 ’23 despite a less supportive environment. This resilience is significant after having successfully captured upside in the previous […]

TotalEnergies  has released the second quarter 2023 financial statements. On the occasion, Patrick Pouyanné said: “In a favorable but softening oil & gas environment TotalEnergies once again delivered this quarter robust results, strong cash flow, and attractive shareholder distribution. The Company generated adjusted net income of $5.0 billion and return on average capital employed of […]

Shell has released its 2023 second quarter results. Shell plc Chief Executive Officer, Wael Sawan, commented:“Shell delivered strong operational performance and cash flows in the second quarter, despite a lower commodity price environment. Today we are delivering on our Capital Markets Day commitment of a 15% dividend increase. We are going further on our buyback […]

Shell Upstream Overseas Services a subsidiary of Shell plc, has agreed to sell its participating interest in Indonesia’s Masela Production Sharing Contract to Indonesia’s PT Pertamina Hulu Energi (“PHE”) and PETRONAS Masela Sdn. Bhd (“PETRONAS Masela”). The sale concerns SUOS’ participating interest of 35% in the Masela PSC, which includes the Abadi gas project. The […]

Eni an Italian energy giant has announced the acquisition of Chevron interests, including Operatorship, in the Indonesian Blocks named Ganal PSC (Chevron 62%), Rapak PSC (Chevron 62%) and Makassar Straits PSC (Chevron 72%), in the Kutei Basin, offshore East Kalimantan. Eni already has a 20% interest as non-operator in the Ganal and Rapak Blocks. The […]

Highlights Lesedi 6 production pod drilling completed The 66kV overhead transmission line is approximately 79% complete At the quarter end the Company had ~A$6.85m cash on hand (unaudited) Activities Tlou Energy continues to have three key project areas referred to as the: Lesedi Project – focused on gas-to-power development as well as exploration and evaluation. Mamba Project – […]

Eni has announced the names of the winning researchers and scientists of the fifteenth edition of the Eni Award, a prize established in 2007 that has become an international reference point for research in the fields of energy and environment. The aim of the award is to promote radical breakthroughs in energy efficiency, renewables, decarbonization and […]

AIM listed Westmount Energy has purchased 300,000 common shares in Africa Oil Corp. The shares have been purchased on the open market at an aggregate cost (including purchase costs) of £538,633, using Westmount’s existing cash resources. This purchase increases Westmount’s indirect exposure to anticipated exploration drilling on the Canje and Orinduik blocks, offshore Guyana from […]

Since the announcement by the Company on 8 July 2022 of the proposed transactions with Midwestern Oil & Gas and the Company’s further conditional investments in Energy Link Infrastructure (Malta) Limited the Company has had continuing discussions in relation to securing an alternative US$50 million loan facility to be applied towards the Proposed Transactions and […]