Woodside has completed the sale of a 49% non-operating participating interest in the Pluto Train 2 Joint Venture to Global Infrastructure Partners (GIP). This follows Woodside’s announcement on 15 November 2021 that it had entered into a sale and purchaseagreement with GIP. On 22 November 2021 the Pluto Train 2 Joint Venture announced its final […]

In course to proffer solution to perennial Liquefied Petroleum Gas LPG in Nigeria, the Board of Directors of Nigeria LNG Limited has approved the supply of 100percent of the company’s LPG production (Propane & Butane) to the Nigerian market, sweetcrude media reported. To this end, NLNG will prioritize the domestic market- whilerelegating the export chain […]

LEKOIL the oil and gas exploration and production company with a focus on Nigeria and West Africa, notes the offer made to shareholder of the Company by Lekoil Nigeria Limited to purchase ordinary shares in the Company at a cash price of 1.9 pence per share or an exchange for Class B ordinary shares in Lekoil […]

The biggest long-term liquefied natural gas (LNG) contract signed in 2021 was between Qatar Petroleum and CNOOC Limited on September 29, 2021. According to the contract, Qatar Petroleum will supply 3.5 million tonnes per annum (Mtpa) of LNG from 2022 to 2036 to CNOOC Limited. The LNG will be supplied from the RasLaffan III liquefaction […]

Northern Oil and Gas has announced a management promotion and an addition to the Board of Directors. MANAGEMENT PROMOTION Northern’s Chief Operating Officer, Adam Dirlam, has been promoted effective immediately to serve as President. “During an incredibly transformational year for our company, it has become clear that Adam is ready and deserving of the role […]

Cenovus Energyhas released its 2022 budget, updated corporate strategy, five-year business plan and environmental, social and governance (ESG) targets, built on the company’s demonstrated operating strength, capital discipline and ESG leadership. The 2022 guidance includes capital spending of $2.6 billion to $3.0 billion and total production of approximately 800,000 barrels of oil equivalent per day […]

Suncor released its 2022 corporate guidance today which supports the previous announcements of doubling the dividend, increasing share buybacks and lowering the capital program by $300 million. The 2022 guidance reflects strong operational performance across all assets and continued capital and cost discipline. Highlights include: Upstream production of 750,000 to 790,000 barrels of oil equivalent […]

Jim House has decided to retire from his role as Chief Executive Officer and from the Neptune Energy Board on 31 December 2021. Pete Jones, currently Neptune’s VPOperations, Europe, will succeed Jim as Chief Executive Officer and join the Board on 1 January 2022.Pete Jones will take on the role of CEO for Neptune Energy […]

SBM Offshore is pleased to announce that it has secured a US$620 million bridge loan facility for the financing of the construction of FPSO Alexandre de Gusmão. The FPSO Alexandre de Gusmão will be deployed at the Mero field in the Santos Basin offshore Brazil. Mero is a project under Libra Consortium responsibility, in which Petrobras is the operator with 40 percent […]

Turkey is set for record high gas demand in 2021 — of as much as 60 Bcm — on the back of strong consumption in the power sector. At the same time, Ankara is facing the prospect of more of its long-term import contracts expiring in the near future after deals with Azerbaijan for pipeline […]