LUKOIL has produced one billion barrels of oil at West Qurna-2, Iraq, since the launch of commercial operation of the field. The landmark achievement has been reached as the company stands on the threshold of its 30th anniversary. Special events on the occasion of the company’s milestone year were attended by the Minister of Oil […]

At African Energy Week (AEW) 2021 Angola’s NOC, speakers have presented the company’s exploration and production strategy, providing insight into how the company is driving hydrocarbon development in key basins across the country. Moderated by Geoff Hill, Director, Something of Value, panel participants included Osvaldo A. Inácio, Executive Director, Sonangol; Ricardo Van-Deste, CEO for the […]

Africa Oil Corp.a company listed on the Toronto Stock Exchange and on Nasdaq Stockholm   has announced its financial and operating results for the three months ended September 30, 2021, and to provide selected results for Prime Oil and Gas Cooperatief UA, a company in which Africa Oil has a 50% equity interest.  Africa Oil President and […]

Kosmos Energy has declared its financial and operating results for the third quarter of 2021. For the quarter, the Company generated a net loss of $29 million, or $0.07 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss of $43 million, or $0.11 […]

EnQuest PLC “EnQuest” or the “Company” is pleased to announce that it has completed the acquisition (“Completion”) of a 26.69% non-operated equity interest in the Golden Eagle Area Development (the “Acquisition”). As the Acquisition constitutes a reverse takeover under the Listing Rules, the admission of the Company’s ordinary shares (the “Ordinary Shares”) to the premium […]

The Norwegian Petroleum Directorate has issued a drilling permit to Aker BP ASA for well 24/12-7, to be drilled from the Deepsea Stavanger drilling facility. The drilling programme for well 24/12-7 relates to the drilling of a wildcat well in production licence 1041. Aker BP ASA is the operator with an ownership interest of 55 […]

ExxonMobil increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately 10 billion oil-equivalent barrels.  The updated resource estimate includes a new discovery at the Cataback-1 well, which brings the total significant discoveries to more than 20 within the Stabroek Block. The Cataback-1 well encountered 243 feet (74 meters) […]

The 20ᵗʰ release of Eni’s statistical review highlights the volatility of the energy market in times of pandemics, as well as the relentless growth of renewable sources In order to reflect and highlight the ongoing energy transition process, the World Oil, Gas and Renewables Review becomes World Energy Review, a single document that, by tracking […]

INEOS Grangemouth has announced further planned investment of over £1bn towards reducing greenhouse gas emissions at its site to net zero by 2045, building on the 37% reduction in net CO2 emissions already delivered since acquiring the site in 2005. INEOS has already committed over £500m spend on projects which are approved and currently being implemented […]

BP Trinidad and Tobago has confirmed its Matapal project has safely achieved first gas. The major milestone was achieved ahead of schedule and under budget despite the constraints brought about by the COVID-19 pandemic.    Matapal is bpTT’s second subsea development. It’s comprised of three wells, which tie back into the existing Juniper platform, helping […]