Shell U.K. Limited has signed an agreement to purchase MIDEL and MIVOLT, two lines of business currently owned by Manchester-based M&I Materials Ltd. Boosting Shell’s global lubricants portfolio, the acquisition of MIDEL’s premium product range will enable Shell to complement its differentiated position in Transformer Oils used for power distribution, offshore wind parks, utility companies […]

Valaris Limited has announced that ARO Drilling (ARO), its 50/50 joint venture with Aramco, has secured attractive financing for its first two newbuild jackups, Kingdom 1 and 2. ARO has entered into a $359 million term loan with a syndicate of local Saudi Arabian banks to finance the deliveries. The proceeds will be used to […]

Production from the Breidablikk field in the North Sea started on 20 October, four months ahead of schedule and within budget. Tied back to the Grane platform, the subsea field holds almost 200 million barrels of recoverable oil. The partners are Equinor (operator), Petoro, Vår Energi and ConocoPhillips. “Breidablikk will come on stream four months […]

Now at its 22nd edition, the World Energy Review (WER) is the statistical review on energy, edited and presented by Eni. A reference for the energy industry, the publication has accompanied its evolution from conventional sources to renewables, devoting more and more space to strategic issues, such as natural gas and critical minerals, which are […]

We are delighted to announce the appointment of Olufemi Oladapo Soneye as our Chief Corporate Communications Officer. Mr. Soneye, a seasoned journalist with full-time and freelance experiences at some of the world’s most respected publications in Nigeria, Australia, and the United States of America, will lead our Corporate Communications team and drive our brand penetration, […]

ConocoPhillips has completed the purchase of the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $2.7 billion cash (CAD$3.7 billion) after closing adjustments, as well as future contingent payments of up to approximately $0.3 billion (CAD$0.4 billion). ConocoPhillips now owns 100% of Surmont and will continue as operator. “Long-life, low sustaining […]

TGS, a global provider of energy data and intelligence, has announced a Northern extension to its previously announced Pontiac 3D Survey in the Midland Basin. The extension increases the size of the Pontiac 3D from 167 square miles to a total of approximately 267 square miles and is located in Midland, Ector, Upton and Crane counties, Texas. The […]

Chariot, the Africa focused transitional energy company, has announced its unaudited interim results for the six-month period ended 30 June 2023. Adonis Pouroulis, CEO of Chariot commented: “We continued to progress all workstreams across the business throughout the period and further enhanced our portfolio with the award of the Loukos licence onshore Morocco and the acquisition […]

bp today announced that Kate Thomson has been appointed interim chief financial officer. Her appointment follows the appointment last week of Murray Auchincloss as bp’s interim chief executive officer. Kate is currently bp’s senior vice president, finance for production & operations, responsible for the financial stewardship of and commercial partnering with the business globally. She […]

Touchstone Exploration Inc has provided an update regarding natural gas and liquids production volumes from the recently commissioned Cascadura facility. Touchstone has an 80 percent operating working interest in the Cascadura field, which is located on the Ortoire block onshore in the Republic of Trinidad and Tobago. Heritage Petroleum Company Limited holds the remaining 20 […]