Shell plc has on Friday May 2nd 2025 released its first quarter results and first quarter interim dividend announcement for 2025. SOLID RESULTS; RESILIENT BALANCE SHEET; CONSISTENT DISTRIBUTIONS • Q1 2025 Adjusted Earnings of $5.6 billion reflect strong performance across the business. CFFO excluding working capital was $11.9 billion for the quarter. Working capital outflow was […]

One of the world’s biggest liquefied natural gas suppliers, QatarEnergy is in talks with Japanese firms for a long-term deal to supply LNG from its North Field expansion project, five trading and industry sources told Reuters. Under the deal, Qatar would supply a consortium of Japanese importers, and a volume of at least 3 million […]

Woodside has made a final investment decision to develop the three-train, 16.5 million tonne per annum (Mtpa) Louisiana LNG development. Woodside is targeting first LNG in 2029.  Development of Louisiana LNG will position Woodside as a global LNG powerhouse, enabling the company to deliver approximately 24 Mtpa from its global LNG portfolio in the 2030s, […]

bp is reallocating capital to its highest-returning businesses and it is moving at pace with the start-up of two major projects so far this year in Africa – the first of 10 planned between 2025 and 2027. It’s all part of how bp boosting planned investment in its upstream oil and gas business by approximately […]

Wärtsilä Gas Solutions, part of technology group Wärtsilä, and Höegh Evi, a global leader in marine energy infrastructure, have successfully completed development of the world’s first floating ammonia-to-hydrogen cracker. This breakthrough technology enables floating import terminals to produce hydrogen at industrial-scale volumes from transported ammonia, marking a major step in the energy transition. The project […]

The Ministry of Energy and Minerals of Indonesia has confirmed EnQuest (and its joint venture partners) as the winning bidder for two Production Sharing Contract (‘PSC’) blocks in Papua Barat, Indonesia: Gaea and Gaea II. These blocks present a multi-Tscf unrisked resource potential for EnQuest and its joint venture partners, and are located as shown […]

Woodside operational update showed that the company has Maintained exceptional production from Sangomar of 78 Mbbl/day as Woodside equity interest produced in the quarter under review.  The company’s quarterly production of 49.1 MMboe at 546 Mboe/day is down by 4% from Q4 2024 due to weather impacts at NWS and unplanned outages at Pluto, partially […]

Panoro has achieved an organic reserve replacement ratio of 309 percent in 2024. The company has made disclosure in its media release of its 2024 Annual Statement of Reserves (ASR). Consequently, the Company’s net working interest 2P reserves as of 31 December 2024 were 42.27 million barrels of oil (“MMbbls”), an increase of 7.6 MMbbls […]

MODEC has been awarded a contract by ExxonMobil Guyana to develop a Floating Production, Storage, and Offloading (FPSO) vessel for the Hammerhead project. The contract is a Limited Notice To Proceed (LNTP) by ExxonMobil Guyana, pending necessary government and regulatory approval. Phase one encompasses Front-End Engineering and Design (FEED) while phase two covers Engineering, Procurement, […]

Secretary of the Interior Doug Burgum today directed the Bureau of Ocean Energy Management to initiate the first step in a robust public engagement process to develop a new schedule for offshore oil and gas lease sales on the U.S. Outer Continental Shelf.  “Launching the process to develop the 11th National Outer Continental Shelf Program […]