Equinor reports record high adjusted earnings of USD 15.0 billion and USD 4.40 billion after tax in the fourth quarter of 2021. IFRS net operating income was USD 13.6 billion and the IFRS net income was USD 3.37 billion. 2021 was characterised by: Adjusted earnings after tax of USD 10.0 billion for the full year […]

The Nigerian National Petroleum Company (NNPC) Limited has reassured Nigerians of its capacity to restore sanity in the supply and distribution of quality Premium Motor Spirit (PMS) also known as petrol across the country within a short period. The Chief Executive Officer/ Group Managing Director of NNPC, Mallam Mele Kyari made the pledge at the […]

Dear Colleague, For the second year running, and as part of this year’s 21st edition of NOG, we are delighted to host the NOG Technical Seminar – a fully CPD accredited seminar. This year’s Technical Seminar themed; ‘Advancing Workforce Technical Knowledge For Global Energy Demand’ is a dedicated knowledge exchange and networking hub for technical workforce professionals in the energy industry. The Technical Seminar will run […]

Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, confirms that it has signed a definitive Share Purchase Agreement (“SPA”) to acquire 100% of Azinam Group Limited (“Azinam”) (the “Acquisition”) in return for a 16.5% equity stake in the Company. The Acquisition is expected to complete in […]

In 2021 LUKOIL Group’s hydrocarbon production excluding the West Qurna-2 project was 2,161 thousand boe per day, which is 4.7% higher year-on-year, while in the fourth quarter of 2021 hydrocarbon production increased by 7.6% quarter-on-quarter. The production growth was attributable to the dynamics of the external limitations on oil production due to the OPEC+ agreement, […]

BP has announced its fourth quarter and full year 2021 results. Reported profit for the quarter was $2.3 billion, compared with a loss of $2.5 billion for the third quarter 2021. Underlying replacement cost profit for the quarter was $4.1 billion, compared with $3.3 billion for the previous quarter. Net debt reduced for seventh quarter […]

ConocoPhillips has reported fourth-quarter 2021 earnings of $2.6 billion, or $1.98 per share, compared with a fourth-quarter 2020 loss of $0.8 billion, or ($0.72) per share. Excluding special items, fourth-quarter 2021 adjusted earnings were $3.0 billion, or $2.27 per share, compared with a fourth-quarter 2020 adjusted loss of $0.2 billion, or ($0.19) per share. Special […]

Mrs. Blessing Enakimio is the Chief Operating Officer/Executive Vice Chair of the Strategic Women and Youth Institute (SWYI). In an interview with select journalists, she talks about SWYI plans of hosting a series of workshops at the upcoming Nigeria International Energy Summit (N.I.E.S 2022) taking place in Abuja from February 27th to March 3rd, 2022. Excerpts; We […]

Tullow and JV Partners have continued to seek a strategic partner for its global projects and constructive discussions progress with interested parties. Tullow exited 11 exploration blocks in 2021, including all of its licences in Suriname and Peru, reorienting its exploration effort towards near-field and infrastructure-led exploration activities to enhance value in core areas. In […]

Minister of Petroleum and Energy, MarteMjøsPersen, will today officially open the Martin Linge field. With good operational performance since the field came on stream in June and high oil and gas prices, the investments in the field are expected to be recovered in full during 2022. “Martin Linge has been a very challenging project to […]