Eco (Atlantic) Oil & Gas Ltd the oil and gas exploration company focused on the offshore Atlantic Margins, has announced its results for the three months ended 30 June 2022. In addition, the Company is notifying the market of an investor event to be held on 19 September 2022, details of which can be seen below.  This announcement followed […]

McDermott International has been awarded a Front-End Engineering Design (FEED) contract from Viva Energy Australia as part of its Geelong Refinery project to provide additional desulfurization capabilities. The award follows the successful completion of the Pre-FEED activity and encompasses early engineering and procurement services to support the project schedule. Under the contract scope, McDermott will […]

Eni and TotalEnergies have announced a significant gas discovery in the Cronos-1 well drilled in Block 6, 160 km off Cyprus coastline, in 2,287 metres of water depth. The Block is operated by Eni Cyprus holding 50% interest with TotalEnergies as partner. Preliminary estimates indicate about 2.5 TCF of gas in place, with significant additional […]

As Russian and Ukrainian war bites harder leading to prevailing European gas crisis and its ugly consequence to German’s economy owing Russia’s gas supply ban to Germany, Germany has earnestly exploring new discovery wells to cushion this effect. Neptune Energy as an old ally to German’s energy sector is not relenting to augment to this […]

The Saudi Arabian Oil Company  has announced its financial results for the second quarter of 2022, posting a 90% year-on-year (YoY) increase in net income and declaring a dividend of $18.8 billion to be paid in the third quarter. The results set a new quarterly earnings record for the Company since its Initial Public Offering […]

Touchstone Exploration Inc. has announced that, the Company has received a Certificate of Environmental Clearance (CEC) on August 16, 2022 to conduct development operations within the Cascadura area of the Ortoire block from the Trinidad and Tobago Environmental Management Authority. Touchstone has an 80 percent operating working interest in the Ortoire block, with Heritage Petroleum […]

McDermott International has been awarded a Pre Front-End Engineering Design (Pre-FEED) contract from Woodside Energy for the proposed H2Perth project located in the Kwinana/Rockingham area in Western Australia. Under the contract scope McDermott will provide pre-FEED services for a proposed export-scale production facility for renewable and lower-carbon hydrogen and ammonia. Hydrogen will be produced using electrolysis […]

Devon Energy has entered into a definitive purchase agreement to acquire Validus Energy, an Eagle Ford operator, for total cash consideration of $1.8 billion. The transaction is subject to customary terms and conditions and is expected to close at the end of the third quarter of 2022, with an effective date of June 1, 2022. […]

Kosmos Energy has announced   its financial and operating results for the second quarter of 2022. For the quarter, the Company generated a net income of $117 million, or $0.25 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net income(1) of $132 million, or $0.28 […]

Touchstone Exploration Inc.  said it has slated plan for the Company submission of a notice to residents in the community that the Coho gas facility and pipeline will commence pre-commissioning and commissioning operations. Pursuant to the Coho Certification of Environmental Clearance, residential notification is required to be made a minimum of five business days prior […]