Locus Bio-Energy Solutions (Locus BE) has patented technology that brings green biosurfactant treatments to the oilfield proven to outperform synthetic chemicals at a fraction of the dosage rates and cost. The environmentally friendly solutions have been nationally recognized for their ability to maximize ESG and profitability, solve top pain points and help operators do more […]

Neptune Energy and its partners has announced the commercial discovery of oil at the Dugong well (PL882) in the Norwegian sector of the North Sea, the largest discovery in Norway so far this year. The volumes are estimated to be in the range of 6.3 – 19.0 million standard cubic meters (MSm3) of recoverable oil […]

After a decade of meritorious service as pioneer Chief Executive Officer of a reputable Indigenious Exploration and Production company with global expertise, Mr Austin Avuru has honorably exchanged an experienced loaded baton to Roger Brown as the new Chief Executive Officer (CEO) of Seplat Petroleum Development Company Plc. Mr Brown is expected to lead the […]

Yinson Holdings Berhad a renowned world leading FPSO and FSO company has once again been recognised as a ‘Most Honoured Company’ in this year’s 2020 All-Asia Executive Team Rankings organised by Institutional Investor, making this the second consecutive year Yinson is receiving this award. Additionally, Group Chief Executive Officer Lim Chern Yuan has been ranked […]

General Electric has announced its plans to completely divest from oil services giant Baker Hughes  by selling its remaining 377 million shares over three years. At current prices, the 37% stake is worth $5.5 billion — down significantly in the past year as shares in both companies have slumped nearly 40% ytd according to information made […]

Maersk Drilling has entered an agreement to invest USD 1m in the California-based company Clean Energy Systems to help develop a new technology called Carbon-Negative Energy. The concept builds on proven technology originally developed for the aerospace industry, which is now being deployed in a process that is expected to result in net-negative carbon emissions. […]

Reliance Industries Limited a Fortune 500 company and the largest private sector corporation in India, a global energy giant and owned by Asia’s richest man has toppled ExxonMobil Corp to become the world’s largest energy company after Saudi Aramco. Investors have now piled into the conglomerate lured by the Indian firm’s digital and retail forays. […]

McDermott a premier, fully-integrated provider of engineering and construction solutions to the energy industry has been awarded a large engineering and procurement contract from Azikel Petroleum for the modular 12,000 BPD Hydro-Skimming Refinery project. The facility will be located in Yenagoa, Bayelsa State Nigeria. The scope of the award includes the detailed engineering and design of […]

Oil prices surged early on Tuesday to their highest level since Saudi Arabia and Russia broke up the OPEC+ pact in early March, thanks to promising results in a coronavirus vaccine trial and the European Union reaching a historic stimulus package deal after five days of marathon talks. As of 10:37 a.m. EDT on Tuesday, WTI […]

Chevron Corporation has announced that it has entered into a definitive agreement with Noble Energy, Inc to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share. Based on Chevron’s closing price on July 17, 2020 and under the terms of the agreement, Noble […]