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 […]

Following five years in the UK, Jean-Luc Guiziou, Managing Director for TotalEnergies E&P UK and the Company’s UK Country Chair leaves to take up a new role as Senior Vice President for the Exploration and Production business across Europe for TotalEnergies. As such, he becomes part of the Exploration & Production Management Committee, based in […]

SBM Offshore has resumed production from the floating, production, storage and offloading (FPSO) vessel Cidade de Anchieta, working offshore Brazil, following a shutdown that occurred at the beginning of the year. Floating, Production, Storage and Offloading (FPSO) vessel Cidade de Anchieta went out of production as oil spillage was experienced along the vessel hull offshore Petrobas oilfield. SBM Offshore reported […]

ExxonMobil today announced successful startup of one of the largest advanced recycling facilities in North America. The facility at the company’s integrated manufacturing complex in Baytown, Texas, uses proprietary technology to break down hard-to-recycle plastics and transform them into raw materials for new products. It is capable of processing more than 80 million pounds of […]

Niger Delta Exploration & Production (NDEP) an indigenous upstream and downstream company with operating interest in Nigeria energy sector has appointed Ms. Patricia Simon-Hart to the NDEP Board as an Independent Director. The appointment, effective from the 4th of November 2022, is in continuation of the Company’s ongoing, forward-looking preparations for the new challenges of […]

Chevron Corporation has reported earnings of $11.2 billion ($5.78 per share – diluted) for third quarter 2022, compared with $6.1 billion ($3.19 per share – diluted) in third quarter 2021. Included in the current quarter were pension settlement costs of $177 million. Foreign currency effects increased earnings by $624 million. Adjusted earnings of $10.8 billion […]