Chevron Corporation has reported earnings of $11.2 billion ($5.78 per share – diluted) for third quarter 2022, compared with $6.1 billion ($3.19 per share – diluted) in third quarter 2021. Included in the current quarter were pension settlement costs of $177 million. Foreign currency effects increased earnings by $624 million. Adjusted earnings of $10.8 billion […]

SDX Energy, the EMEA-focused energy company, today announced the appointment of Jay Bhattacherjee as Non-Executive Chairman of the Company with immediate effect.   Jay Bhattacherjee holds a B.Sc. in Chemical Engineering with Petroleum Engineering specialty and has over 20 years’ experience both operating and leading public and private companies in the energy and natural resources […]

Eni’s 21st statistical review highlights the challenge that the energy industry is facing to improve universal access to affordable energy while, at the same time, accelerating the transition process towards a more sustainable energy mix Eni has released the 21st edition of its annual energy statistics report, available online at eni.com. The main challenge that […]

Sahara Power Group has appointed Dr Kenechukwu Nwangwu as Chief Executive Officer at the Board of First Independent Power Ltd. (FIPL). First Independent Power Ltd. (FIPL), a subsidiary of subsidiary of Sahara Power Group a major power generating company in Nigeria operating four power plants across Nigeria energy sector. The four gas driven power plants acquired by […]

Our attention has been brought to media reports, following the issuance of a statement declaring Force Majeure on Monday 17th October 2022, that operations at its facilities have been shut down due to flood. To correct some misinformation on the declaration, we would like to clarify: 1. The Company’s plant is in operation though at […]

Abu Dhabi National Oil Company (ADNOC) announced today that a new world record for the longest oil and gas well has been set at its Upper Zakum Concession.  Stretching 50,000 feet, the well is around 800 feet longer than the previous world record set in 2017 and supports ADNOC’s efforts to expand production capacity of […]

Baker Hughes (NASDAQ: BKR) has announced Nancy Buese as Chief Financial Officer (CFO) effective November 2, 2022. Buese brings more than 30 years of financial and leadership experience to the role, previously serving as EVP & CFO of global mining company Newmont Corporation from 2016 until earlier this year. “Nancy is a proven CFO and business leader, delivering impressive […]

Seadrill Limited has entered into a Share Purchase Agreement (SPA) with subsidiaries of ADES Arabia Holding Ltd. (ADES) for the sale of the entities that own and operate seven jack-ups in the Kingdom of Saudi Arabia. Seadrill announces today that the Jack-up Sale has been completed pursuant to the SPA. As the Jack-up Sale has […]

The following is an update to the third quarter 2022 outlook. Impacts presented may vary from the actual third quarter 2022 results and are subject to finalisation of those results, which will be published on October 27, 2022. Unless otherwise indicated, all outlook statements exclude identified items. Integrated Gas Adjusted EBITDA Production is expected to […]

Shelf Drilling has secured a five-year contract for the recently acquired premium jack-up rig Shelf Drilling Victory for operations in the Arabian Gulf. The contract value for the firm period, including mobilization revenue, is approximately USD 236 million. The contract also includes a two year option, and the planned start-up of operations is late-March 2023. […]