In addition to the recent Bonga contract extension in Nigeria, Valaris said that the company has been awarded a 12-well contract offshore West Africa for drillship VALARIS DS-7, which will be reactivated for this contract. The Company also announced that it is increasing its 2023 share repurchase target from $150 million to $200 million. The […]

Hydrocarbon Dynamics Limited a process and production chemical company has received an order for A$182,000 for its new product, BitFlow D75 from a large operator in South Sudan that is majority owned by Malaysia’s state-owned energy company, Petronas. A payment of A$91,000 has been received upfront with the balance payable upon proof of delivery of […]

TGS, CGG and PGS, industry leaders of multi-client geoscience data, today announced the launch of new tiered offerings for Versal, the groundbreaking multi-client data ecosystem.  This update gives the entire industry free access to Versal, representing the world’s most comprehensive multi-client data coverage – all in one centralized location. Industry professionals can also benefit from a […]

bp and OMV today announced the signing of a long-term sale and purchase agreement (SPA) covering supply of up to 1 million tonnes of liquefied natural gas (LNG) per year for 10 years from 2026. Under the terms of the agreement, bp will provide OMV with LNG from its diverse and global portfolio of LNG, […]

Eni’s Board of Directors, chaired by Giuseppe Zafarana, yesterday approved the unaudited consolidated results for the second quarter and first half 2023. Eni CEO Claudio Descalzi said: “Eni has delivered excellent operating and financial results in Q2 ’23 despite a less supportive environment. This resilience is significant after having successfully captured upside in the previous […]

TotalEnergies  has released the second quarter 2023 financial statements. On the occasion, Patrick Pouyanné said: “In a favorable but softening oil & gas environment TotalEnergies once again delivered this quarter robust results, strong cash flow, and attractive shareholder distribution. The Company generated adjusted net income of $5.0 billion and return on average capital employed of […]

Shell has released its 2023 second quarter results. Shell plc Chief Executive Officer, Wael Sawan, commented:“Shell delivered strong operational performance and cash flows in the second quarter, despite a lower commodity price environment. Today we are delivering on our Capital Markets Day commitment of a 15% dividend increase. We are going further on our buyback […]

Transit Gas Nigeria Limited (‘TGNL’), a subsidiary of Axxela in a joint venture partnership with NNPC Gas Marketing Limited (‘NGML’), has commissioned a 150 MMSCFD Natural Gas City Gate facility in Ibefun to supply natural gas to industrial and commercial clusters in Ogun State, and other surrounding neighbourhoods in Nigeria’s Southwest region. The newly developed […]

The Nigeria present power state is expected to add 188-Megawatt to its total power generation  through Geometric Power plant in the Osisioma Industrial Layout in Aba, Abia State scheduled to start electricity generation by September. Confirming this vital information as concerns the prevailing Nigerian poor power state is the Geometric Power group chairman, Professor Bart […]

Shell Upstream Overseas Services a subsidiary of Shell plc, has agreed to sell its participating interest in Indonesia’s Masela Production Sharing Contract to Indonesia’s PT Pertamina Hulu Energi (“PHE”) and PETRONAS Masela Sdn. Bhd (“PETRONAS Masela”). The sale concerns SUOS’ participating interest of 35% in the Masela PSC, which includes the Abadi gas project. The […]