Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Permian business to ConocoPhillips, a leading shales developer in the basin, for $9.5 billion in cash. The transaction will transfer all of Shell’s interest in the Permian to ConocoPhillips, subject to regulatory approvals. “After reviewing multiple strategies […]

Africa Oil Corp. absolved additional two key staff members to its management team in a strategy to strengthen its operational position as a global player in deepwater oilfield expertise. Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria; development assets in Kenya; and an exploration/appraisal portfolio in Africa and Guyana The […]

LUKOIL brought into operation the largest digital model of an oil field in Russia. Creation of this complex integrated model of the Vatyeganskoye field is a part of LUKOIL’s Intelligent Field project. This one-of-a-kind project (in terms of both scale and difficulty) envisages creation of digital twins of over 3 thousand wells and 12 production zones. It […]

SBM Offshore has  completed the project financing of FPSO Sepetiba for a total of US1.6 billion, which is the largest project financing in the Company’s history. The project financing was secured by a consortium of 13 international banks with insurance cover from Export Credit Agencies (ECA): Nippon Export and Investment Insurance (NEXI) and SACE S.p.A. A letter of intent was received from China Export & Credit Insurance Corporation […]

Africa’s richest man Aliko Dangote is in talks with some of the world’s biggest oil traders to help finance his mega refinery project outside of Nigeria’s commercial centre Lagos, sources with knowledge of the matter said, although his company denied the discussions. The 650,000 barrel-per-day refinery, once complete, will be the continent’s largest plant and […]

Employers in the UK are becoming increasingly aware of the challenges of seeking to enforce double vaccination status for staff as they navigate their way through the pandemic and subsequent “pingdemic” which is causing widespread disruption. Currently, double vaccination status is only compulsory for employees who work in care homes (with effect from 11 November […]

TGS a provider scientific data and intelligence to companies has announced commencement of a new seismic survey in the MSGBC Basin, offshore Mauritania, adding to the successes of the North-West Africa Atlantic Margin (NWAAM) 2D campaign. The survey, NWAAM 2021, will comprise 7,500 kilometers of seismic data, with a modern broadband acquisition set-up. The project […]

Bp announced the appointment of Anja-Isabel Dotzenrath as its new executive vice president, gas and low carbon energy, and member of bp’s leadership team. Until recently she was chief executive officer of RWE Renewables, one of the world’s leading renewables businesses. Anja-Isabel will join bp on March 1st 2022.    Bernard Looney, bp chief executive, said: […]

The European Bank for Reconstruction and Development (EBRD) is supporting the construction of the first inland dry port in Egypt, in 6th of October City, west of Cairo, with a €25 million loan to October Dry Port Company, a special-purpose vehicle established by a consortium of El Sewedy Electric, Schenker Egypt and SLP Logistics. The development […]

The Troll partners are Equinor, Petoro, Shell, TotalEnergies and ConocoPhillips.    Troll has generated substantial revenues for 25 years and will continue to do so for many years to come. Annual state revenues from the Troll phase 3 project alone are estimated at an average of more than NOK 17 billion (2021). The Troll phase […]