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 […]

Shell plc has made the following statement after the Dutch Public Prosecutor’s office announced it had dismissed its investigation into bribery allegations related to Oil Prospecting Licence (OPL) 245 in Nigeria. “We welcome today’s decision, which marks an end to the criminal investigation in The Netherlands. It follows the Milan Public Prosecutor’s appeal withdrawal earlier […]

Production in the Peregrino field in Brazil resumed on 16 July, aiming to ramp up production and reduce emissions intensity. Peregrino production was suspended in April 2020. Since then, Equinor has executed a major programme of maintenance, upgrades and repairs on the Floating Production Storage and Offloading (FPSO) vessel and has installed a new platform, […]

San Leon, the independent oil and gas Production, Development and Exploration  Company focused on Nigeria announces that, further to the Company’s AIM Admission Document published on 8 July 2022 (the “Admission Document”), the documents in respect of the New ELI Investment have now been signed by the relevant parties, being ELI Malta and San Leon Energy […]

The Government of the Republic of Trinidad and Tobago is inviting investors’ stakeholders’ participation in its 2022 Onshore and Nearshore Competitive Bid Round. This bid round contains eleven blocks, namely Aripero, Buenos Ayres, Charuma, Cipero, Cory D, Cory F, Guayaguayare, South West Peninsula Onshore, St. Mary’s and Tulsa, located in the Central to Southern onshore […]

Shell Eastern Trading (Pte) Ltd (Shell) and a subsidiary of Mexico Pacific Limited (Mexico Pacific) announced today they have signed a sales and purchase agreement for Shell to offtake 2.6 million tonnes per year (MTPA) of liquefied natural gas (LNG) from the first two trains of Mexico Pacific’s anchor LNG export facility located in Puerto […]

On the northeastern coastline of South America, Guyana is the location of one of the most significant oil discoveries in the past decade. Using industry-leading technology, ExxonMobil is working to develop, reliably produce and deliver energy resources from these discoveries to the global market. And, the Liza Unity floating production storage and offloading vessel, where […]

Woodside Energy has announced a US$9.9 million equity investment in String Bio Private Limited (String Bio), the developer of a patented process that can recycle greenhouse gases into value-added products such as feed for livestock. String Bio is an award-winning India-based company combining biology, engineering and chemistry in an effort to develop sustainable and scalable […]

The long awaited work on the Ngoulmendjim hydroelectric dam (83 MW) is now expected to kick off between March and April 2023, we learned from Asokh Energy officials. The company is responsible for building, managing and operating the infrastructure for a period of 25 to 30 years. The company is 60% owned by the Eranove Group […]