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 […]

Shell Nigeria has said on Friday February 9, 2024 that the company has resumed supply of crude oil from its Bonny export terminal to the state-owned refinery in Port Harcourt which is expected to start operations in the first quarter of this year, the company said on Friday as Reuters said. According to report available […]

The U.S. Energy Information Administration (EIA) estimates that U.S. natural gas consumption reached a record high in January at 118 billion cubic feet per day (Bcf/d). A burst of cold weather increased demand for heating and reduced natural gas production, which led to high inventory withdrawals. According to its February Short-Term Energy Outlook (STEO), EIA […]

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 […]

Eni has completed the acquisition of Neptune Energy Group Limited which comprises Neptune’s entire portfolio other than its operations in Norway (purchased at the same time by Vår Energi, listed on the Oslo Stock Exchange and 63% owned by Eni) and Germany (carved out of the transaction). On 31 January 2024, Neptune Energy announced completion of […]

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, […]

The North Sea Transition Authority (NSTA) has awarded 24 licenses in the second tranche of its 33rd oil and gas licensing round to 17 companies. Shell, Equinor, bp, Total and NEO are among the 18 separate companies which have today been offered a total of 24 licences in the second tranche of the 33rd oil and gas licensing […]

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 […]