Chevron Corporation  has announced the appointment of Alana K. Knowles as vice president and controller, effective March 1, 2023. Knowles will succeed David A. Inchausti, who will resign from that position effective February 28, 2023, and is expected to retire from the company in April 2023, after 35 years of service. Knowles will lead Chevron’s accounting policy and external reporting, financial […]

Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, announces its results for the year ended 31 March 2022. Financials As at 31 March 2022, the Company had cash and cash equivalents of US$3,403,885 and no debt. As at 31 March 2022, the Company had total assets […]

Neptune Energy today announced the award of a £10 million three-year vessel services contract to Sentinel Marine, to provide offshore support for its operated Cygnus gas field in the UK southern North Sea. The contract, awarded following a competitive tendering process, will see Sentinel Marine continue to deploy its Multi Role, Emergency Response & Rescue […]

Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, is pleased to announce that it has begun commercial injection of crude oil through the new Amukpe-Escravos Pipeline.     The 67km mostly underground pipeline is expected to provide a more reliable and secure export route for liquids […]

Prospex Energy  the AIM-quoted investment company focused on European gas and power projects, is pleased to announce that Po Valley Energy Limited  has received approval for the production concession at the Podere Maiar gas field located in the Po Valley onshore in northern Italy, which lies within the Selva Malvezzi production concession (‘Selva’).  Prospex holds […]

The partnership between TotalEnergies and ADNOC has been further strengthened following the signing by ADNOC Distribution of an agreement to acquire a 50% stake in TotalEnergies Marketing Egypt LLC for a consideration of approximately $200 million. This new transaction follows the signing of the strategic partnership agreement signed by TotalEnergies and ADNOC on the occasion […]

Chevron Corporation  has reported earnings of $11.6 billion ($5.95 per share – diluted) for second quarter 2022, compared with $3.1 billion ($1.60 per share – diluted) in second quarter 2021. Included in the current quarter were charges associated with an early contract termination of $600 million, pension settlement costs of $11 million, and a gain on asset sales of $200 million. Foreign currency effects […]

Exxon Mobil Corporation today announced estimated second-quarter 2022 earnings of $17.9 billion, or $4.21 per share assuming dilution. Second-quarter results included a favorable identified item of nearly $300 million associated with the sale of the Barnett Shale Upstream assets. Capital and exploration expenditures were $4.6 billion in the second quarter and $9.5 billion for the […]

Eni’s Board of Directors, chaired by Lucia Calvosa,  has approved the unaudited consolidated results for the second quarter and first half 2022.  “Amid uncertainty and volatility in markets we moved fast to secure new energy supplies. After new gas agreements with our partners in Algeria, Congo and Egypt earlier in the year, in June Eni […]

LEKOIL (AQSE: LEK), the Cayman Islands litigation asset company with an investment in oil & gas assets in Nigeria, wishes to announce that its Non-Executive Chairman, Mr Olapade Durotoye has notified the Board of Directors of his intention, subject to final agreements, to take up a significant role with Savannah Energy PLC in Nigeria. Savannah […]