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 […]

Q1 2023 Adjusted Earnings of $9.6 billion, with Adjusted EBITDA of $21.4 billion, with improved operational performance, lower underlying opex and better results in Chemicals & Products driven by trading & optimisation offsetting the impact of lower oil and gas prices, and higher tax compared with Q4 2022. $4 billion share buybacks announced, expected to […]

Chevron Corporation, through its subsidiary Chevron Shipping Company LLC, has announced entrance into an agreement with Sembcorp Marine Repairs & Upgrades Pte. Ltd, a wholly owned subsidiary of Sembcorp Marine Ltd. (Sembcorp Marine), intending to reduce the carbon intensity of their LNG fleet operations. Under the agreement, with Sembcorp Marine’s support, Chevron will install new […]

Kuwait Oil Co (KOC), a subsidiary of state-owned Kuwait Petroleum Corp, said it plans to bring in skilled technical workers from several countries including Canada, US, Egypt, Southeast Asia and the Gulf states. The company will hire technicians who are experts in drilling operations, maintenance, exploration and production, and medical and health, safety, environment and engineering, in addition […]

Saudi Arabia’s Energy Minister Prince Abdulaziz Bin Salman has at the seventh edition Aramco’s iktva exhibition 2023 called on for the both International Oil Companies and National Oil Companies to move their headquarters to Dhahran where the Saudi Arabia  national oil company the Saudi Aramco is situated. According to the Prince Abdulaziz, this will serve […]