The Energy Secretary has taken a common-sense decision to shore up the UK’s energy supply as the nation transitions to net zero. In a plan set out today, the Government has committed to support the building of new gas power stations to maintain a safe and reliable energy source for days when the weather forecast […]

2023 financial results, reporting a net income of $121.3 billion, its second-highest ever net income.  The results, underpinned by Aramco’s unique operational flexibility, reliability and low-cost production base, reflect the Company’s ongoing commitment to creating value for its shareholders. “In 2023 we achieved our second-highest ever net income. Our resilience and agility contributed to healthy […]

CNOOC Limited has confirmed a major oilfield discovery of Kaiping South in the deep-water deep-play of the South China Sea, which adds over a hundred million tons of oil equivalent proved in-place volume. The Kaiping South Oilfield is located in the eastern South China Sea, with an average water depth of approximately 500 meters. The […]

GE Vernova a purpose-built company driving electrification and decarbonization, has highlighted its commitment to accelerating Nigeria’s sustainable energy transition journey through its key operating segments including power (gas, nuclear, hydro, steam), wind (onshore, offshore) and electrification (transmission, distribution, conversion, storage, and orchestration of electricity). With a presence of over 100 years in Nigeria, GE Vernova […]

The Nigerian Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo has recently hosted top officials of Shanghai Huayi Energy Chemical Company Group of China (HUAYI) and China Road and Bridge Corporation in his office. The visit of Chinese to the nation’s Petroleum Minister of Gas as was disclosed in his X handle, was […]

Harbour Energy plc has announced its results for the year ended 31 December 2023. Harbour operational highlights Production of 186 kboepd (2022: 208 kboepd), split 52% natural gas/48% liquids and within guidance Operating costs of $16/boe (2022: $14/boe), in line with guidance Total recordable injury rate reduced to 0.7 per million hours worked (2022: 0.8) […]

Tullow Oil, the independent oil and gas exploration and production group, announces its Full Year Results for the year ended 31 December 2023. Rahul Dhir, Chief Executive Officer, Tullow Oil plc, commented:“2023 was a year of significant achievements, including start-up of Jubilee South East that delivered material production growth from our core operated field, a […]

ADNOC has announced that it has formally closed the acquisition of a 24.9% shareholding in OMV AG (OMV), a global energy and chemicals group, headquartered and listed in Vienna, Austria, from Mubadala Investment Company (Mubadala). The transaction accelerates delivery of ADNOC’s global chemicals growth strategy, and reinforces its status as a responsible, long-term partner and […]

The Honorable Minister of State for Petroleum Resources (Gas) Hon. Ekperikpe Ekpo has described the 7th edition of the Nigeria International Energy Summit (NIES 2024) as highly esteemed gathering of energy stakeholders by providing a crucial platform for the exchange of ideas and strategies that will shape the future of our nation’s energy sector. With […]

Woodside has signed a sale and purchase agreement (SPA) with Korea Gas Corporation (KOGAS) for the long-term supply of liquefied natural gas (LNG) to Korea. The SPA provides for the supply of approximately 0.5 million tonnes per annum of LNG for a period of 10.5 years on a delivered basis, commencing in 2026 subject to […]