The Nigerian National Petroleum Corporation Limited has announced change in its senior management level of the corporation. According to the information made available via its official Twitter handle, the change is In line with NNPC Ltd.’s commitment and drive for organisational renewal which is anchored on the corporation’s business imperatives, standards of excellence, “…… people […]

TGS ASA  and PGS ASA  has disclosed that they have agreed the principal terms of a combination of TGS and PGS to create a strong full-service energy data company. The transaction is expected to be completed as a statutory merger pursuant to Norwegian corporate law, with merger consideration to PGS shareholders in the form of […]

The chief executive of BP has resigned less than four years into his tenure after admitting that he failed to fully detail relationships with colleagues. Bernard Looney who has spent his entire career with BP, has departed the £88bn company immediately in a surprise move. The company has informed investors that Looney “did not provide details […]

Kuwait’s oil sector said that the nation’s energy companies have achieved unprecedented high profits margins of KD 2.6 billion (USD 8.4 billion) for the fiscal year to year 2022/2023 given credit to soon operation of the nation’s world biggest refinery and the exceptional feats of the experienced staff. According to a news source Zawya, The […]

Octopus Energy Group said it has signed a deal with Impello Limited, a subsidiary of Shell Petroleum Company Limited, to buy Shell Energy in the UK and Germany, taking on two million new home energy and broadband customers.This deal grows challenger energy supplier Octopus to nearly 6.5 million household customers in the UK (over 11 […]

As the Africa climate summit begins in Nairobi this week, grassroots groups and climate activists from across the continent will be holding African leaders to account to deliver concrete climate action and plans to address the continent’s pressing needs.  “We are calling on African governments to prioritize the needs of the African people and deliver […]

According to the company, by focusing on fewer business areas and regions, Maersk Supply Service will increase its presence in core markets, increase synergies in its operations and improve profitability. Going forward its two core business areas will be offshore wind and offshore support vessels (OSV). The offshore vessel markets continue to improve, and the […]

A.P. Moller – Maersk (Maersk) has reached an agreement with A.P. Moller Holding, the parent company of the A.P. Moller Group, for an intended divestment of Maersk Supply Service (MSS), a leading provider of global offshore marine services and project solutions for the energy sector. “We are very pleased to see Maersk Supply Service will […]

BW Energy has completed the acquisition of the Golfinho and Camarupim Clusters from Petrobras and assumed ownership and operatorship of approximately 10,000 barrels of daily oil production, several proven low risk in-field development opportunities with short lead times and substantial potential long-term upside from proven gas accumulations.  After completion, BW Energy holds 100% working interest […]

EL SEWEDY Cables Qatar, a 73.4% subsidiary owned by Senyar Industries Qatar Holding W.L.L., one of Qatar’s leading industrial groups in which Elsewedy Electric is a 50% shareholder, received provisional Letter of Award of a project with a value exceeding USD 328 million.  ELSEWEDY ELECTRIC an Egyptian leading Wires & Cables and Integrated Energy Solution […]