Russian energy giant Lukoil, has announced the resignation of the Company’s President and member of the Board of Directors VagitAlekperov. VagitAlekperov has resigned as CEO and as a member of the board of directors. VagitAlekperov was a former Soviet deputy oil minister and a supporter of close ties between Russia and OPEC and his resignation […]

PETRONAS has disclosed that its subsidiary PC Ketapang has achieved its first hydrocarbon in the successful drilling of the Bukit Tua Phase-2B’s BTJTB-T2 well located within the Ketapang Block, offshore East Java, Indonesia.  The BTJTB-T2 well was spudded on 30 September 2021 and drilled with a target depth of 1,890 metres. This milestone is part […]

Noble Corporation and Maersk Drilling have said that the ongoing merger control process for the business combination announced on 10 November 2021 at this point in time, has been unconditionally approved by the competition authorities in Brazil, Norway, and the Republic of Trinidad & Tobago. Noble Corporation and Maersk Drilling merger is coming barely one […]

Further to the announcements of 7 April 2022 and  10 August 2021 United Oil & Gas PLC  has announced that the sale of 100% of the share capital of UOG Italia Srl to PXOG Marshall Limited, a subsidiary of Prospex Energy PLC for a consideration of 2,164,701  has now completed, having received the final approvals from the […]

The Gabonese authorities have decided for the 2022 financial year to allocate financing of 2 billion FCFA to the company AsonhaÉnergie, a project company owned 60% and 40% respectively by Meridiam and Gabon Power Company (GPC) to develop the Kinguelé dam. In the official journal which gives this information, it is indicated that this financing […]

Murphy Oil Corporation (NYSE: MUR) announced today that it has achieved first oil from the Khaleesi, Mormont and Samurai field development project in the deepwater Gulf of Mexico, as production has begun flowing through the Murphy-operated King’s Quay floating production system (King’s Quay FPS). The project is comprised of the Khaleesi / Mormont fields in […]

In prevalence to global energy crisis owing to Russian war in Ukraine, INEOS, one of the world’s largest chemicals and energy companies, has written to the UK government offering to safely develop a fully functioning Shale test site to demonstrate that the technology can be safe and secure in the UK. The offer comes following […]

Maersk Drilling has been awarded contracts which will see the harsh environment jack-up rig Maersk Resolute employed to plug and abandon a total of 31 wells in the Dutch sector of the North Sea in support of a rig sharing agreement between TotalEnergies EP Nederland B.V. and Petrogas E&P Netherlands B.V. The contracts are expected […]

Equinor, which is the operator of production licence 293 B, has discovered oil and gas close to the Troll and Fram area. Based on preliminary estimates the size of the discovery is between 4 and 8 million standard cubic metres of recoverable oil equivalent, or 25-50 million barrels of recoverable oil equivalent. The licence owners […]

Equinix, the world’s digital infrastructure company™, today announced it has completed its deal to acquire West African data center and connectivity solutions provider MainOne for an enterprise value of US$320M, marking the beginning of its expansion into the African continent. The completion of this acquisition augments Equinix’s long-term strategy to become a leading African carrier-neutral […]