bp ventures has made a £3 million equity investment in Flylogix – a pioneering unmanned aerial vehicle (UAV) business that uses drones to aid methane detection Flylogix leverages unmanned drones to measure methane offshore Investment will spur crossover into renewables industry and entry to new geographies Technology plays critical role in helping bp to reduce its operational […]

Neptune Energy and its partners today announced hydrocarbons were encountered at the Hamlet exploration well in the Norwegian sector of the North Sea. Having entered the reservoir, located within the Gjøalicence (PL153), logs encountered hydrocarbons and a decision was made to initiate coring. The operations in the reservoir section are still at an early stage […]

Saipem has been awarded a contract by Aker BP for a drilling campaign offshore Norway. The operations are expected to start from the end of Q4 2022, upon termination of the works in which Scarabeo 8 is currently engaged. Scarabeo 8 is a Saipem semisubmersible drilling rig able to work in harsh environments. It is […]

Tlou Energy confirms that the contract for the construction of the transmission line to connect the Lesedi Power Project to the Botswana’s electricity grid has been signed. The Lesedi and Mamba Projects already benefit from significant independently certified 2P gas Reserves of ~41 BCF. In addition, 3P gas Reserves of ~427 BCF and Contingent Gas […]

Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, has signed a Commercially Binding Term Sheet to acquire 100% of JHI Associates Inc., including JHI’s 17.5% Working Interest (‘WI’) in the Canje Block offshore Guyana. The Acquisition JHI is a private company incorporated in Ontario and headquartered […]

The impart on the prevailing economic sanctions placed on Rusian by U.S and her European allies under the auspices of North  Atlantic Treaty Organisation NATO owing to Russian unprovoked invasion of Ukraine is severally creating palpable effect on major state owned companies.  The recent economic blow is coming from the nation’s  oil and gas giant […]

Following the announcement that Equinor has started the process to exit its projects in Russia, a decision has been made that Equinor will also stop trading in Russian oil. This means that Equinor will not enter any new trades or engage in transport of oil and oil products from Russia. This is part of Equinor’s […]

Recently in Dublin, Ireland the Nigerian National Petroleum Corporation (NNPC), said it spent N91.667 billion on refinery rehabilitation in 11 months, from January to November 2021 corroborating the report presentation to the Federation Account Allocation Committee (FAAC) in December 2021, which NNPC also stated that N45 billion was spent on pipeline security and maintenance, while […]

The recent disclosuremade by the Group Managing Director of Nigerian National Petroleum Company NNPC  Mallam Abba Kyariat just concluded Nigerian International Energy Summit (NIES 2022) in Abujathat International oil companies are leaving Nigeria and shifting their investment portfolios to more added value towards carbon net-zero commitment has taken a vivid dimension. ExxonMobil Divestment Plan The […]

ExxonMobil has issued corporate statement as regards to the current Russia invasion situation in Ukraine. In its stated, ExxonMobil express the company’s supports to the people of Ukraine as they seek to defend their freedom and determine their own future as a nation. We deplore Russia’s military action that violates the territorial integrity of Ukraine […]