The Abu Dhabi National Oil Company (ADNOC) has announced two substantial contracts totaling US$2bn with ADNOC Drilling for the Hail and Ghasha Development Project They comprise US$1.3bn for integrated drilling services and fluids, and US$711mn for the provision of four island drilling units. A third contract, valued at US$681mn, was also awarded to ADNOC Logistics & Services for the provision of offshore logistics […]

Canadian Overseas Petroleum (COPL), an international oil and gas exploration, production and development company with production and development operations focused in Converse and Natrona Counties, Wyoming, USA, has  announced that the acquisition of the United States assets of Cuda Energy LLC  by its affiliate, COPL America Inc., will close today. Acquisition immediately transformative: COPL America […]

Africa Oil regrets to announce the death of the Company’s founding shareholder and inspirational leader behind the Company, Mr. Lukas H. Lundin, in Geneva, Switzerland on 26 July 2022 at the age of 64, following a two-year battle with brain cancer. Over the past 40 years, Lukas Lundin was the driving force behind the tremendous […]

Panoro Energy ASA has made reference to its recent announcement regarding completion of the sale of its fully owned subsidiaries Pan-Petroleum Services Holding BV and Pan-Petroleum Nigeria Holding BV (together referred to as “Divested Subsidiaries” and which together hold 100% of the shares in Pan-Petroleum Aje Limited) to PetroNor E&P ASA for an upfront consideration […]

Equinor delivered adjusted earnings of USD 17.6 billion and USD 5.00 billion after tax in the second quarter of 2022. Net operating income was USD 17.7 billion and the net income was reported at USD 6.76 billion. Strategic and industrial developments: Further optimisation of the oil and gas portfolio Assets in Russia exited Continued progress […]

Chevron one of the world’s leading integrated energy companies has said in its media release that the Board of Directors of Chevron Corporation has declared a quarterly dividend of one dollar and forty-two cents ($1.42) per share, payable September 12, 2022, to all holders of common stock as shown on the transfer records of the […]

Shell USA, Inc. (Shell USA) and Shell Midstream Partners, L.P. (NYSE: SHLX) (SHLX) have  announced they have executed a definitive agreement and plan of merger (the “Merger Agreement,” and the transactions contemplated thereby, collectively, the “Transaction”) pursuant to which Shell USA will acquire all of the common units representing limited partner interests in SHLX held […]

BG International Limited, an affiliate of Shell U.K. Limited, has taken the final investment decision (FID) to develop the Jackdaw gas field in the UK North Sea, following regulatory approval earlier this year. Jackdaw will comprise a wellhead platform that is not permanently attended, along with subsea infrastructure which will tie back to Shell’s existing […]

SBM Offshore has announced that it has completed the project financing of FPSO ONE GUYANA for a total of US$1.75 billion. The project financing was secured by a consortium of 15 international banks. The Company expects to draw the loan in full, phased over the construction period of the FPSO. The financing will become non-recourse once the FPSO is completed and the pre-completion guarantee […]

SDX, Tenaz have been informed that a shareholder representing that it owns 25.7% of SDX’s issued and outstanding shares intends to vote against the proposed Scheme of Arrangement to amalgamate Tenaz and SDX. The Scheme requires, among other things, that 75% of the shares voted by SDX shareholders support the combination for it to become […]