TotalEnergies has signed an agreement to sell its 50% stake in Total PARCO Pakistan Limited (TPPL) to Gunvor Group, a leading global commodities trading company. The transaction reflects the selective strategy of TotalEnergies in Marketing & Services focused on core geographies with growth and...
Exxon Mobil Corporation today announced second-quarter 2024 earnings of $9.2 billion, or $2.14 per share assuming dilution. Cash flow from operating activities was $10.6 billion and cash flow from operations excluding working capital movements was $15.2 billion. Shareholder distributions of $9.5 billion included $4.3...
VAALCO Energy, Inc. declared its quarterly cash dividend of $0.0625 per share of common stock for the third quarter of 2024 ($0.25 annualized), which is payable on September 20, 2024, to stockholders of record at the close of business on August 23, 2024. Future...
NNPC Retail Limited (NRL) held a strategic business meeting with a delegation from PayGas and the Oil Sustainability Programme (OSP), Saudi Arabia, to enhance the use of affordable clean cooking fuel (LPG) in semi-rural areas across the country.
Transit Gas Nigeria Limited (‘TGNL’), a subsidiary of Axxela in a joint venture partnership with NNPC Gas Marketing Limited (‘NGML’), has commissioned a 150 MMSCFD Natural Gas City Gate facility in Ibefun to supply natural gas to industrial and commercial clusters in Ogun State,...
Entr’s growth is driven by an increased demand for Aker Solutions’ early phase offerings and the need to adapt its services for new and existing markets. Entr’s growth will be achieved through a significant increase in core headcount from 300 to more than 600...
At the Annual General Meeting on May 15th, shareholders approved the change of the parent company name from CGG to Viridien. In 2018, CGG launched a strategy to transition into a technology company. The strategy had three key pillars: First, become asset light, ensure...
The drilling goal of Fushen-1 Well is granite dated 250 million years ago. Since the exploration was launched in August 2023, Sinopec has adopted multiple independently developed innovative technologies, including the combination of dual-drive drilling and high-pression injection, to reach the temperature limit of...
The Shell Petroleum Development Company of Nigeria Ltd (SPDC) has deployed an Uncrewed Surface Vessel (USV) for a pipeline route survey in the Niger Delta. The USV innovation saves time and cost and reduces exposure to personnel and the environment.
TullowOil has made a recent provisional update on its operations inKenyaoilfield development project incorporating Blocks 10BB and 13T.
Before the exit and divestment of interest, Africa Oil and its JV Partners ( Tullow Oil and Total Energies) have completed the redesign of the Project Oil...
The Biden-Harris administration has given approval of the New England Wind offshore wind project – the nation’s eighth approval of a commercial-scale, offshore wind energy project under President Biden’s leadership. With today’s approval, the Department of the Interior has approved more than 10 gigawatts...
Efforts by Shell to promote Nigerian content have led to more indigenous companies executing key contracts in oil and gas operations on land and in deep water.
Indigenous contractors deployed a technology for automated tank cleaning at Bonny Terminal for The Shell Petroleum Development Company...
Dolphin Drilling has announced the commencement of operations and the final transfer of ownership for the two acquired rigs from Transocean. The semi-submersible Paul B. Loyd, Jr. has a firm revenue backlog of USD 280 million, and the finalization of this acquisition will position...
Eni’s Board of Directors, chaired by Giuseppe Zafarana, yesterday approved the unaudited consolidated results for the full year and the fourth quarter of 2023.
“2023 was another year of excellent results for Eni in the face of an uncertain and volatile scenario. We delivered strongly...
Global demand for LNG is estimated to rise by more than 50% by 2040, as industrial coal-to-gas switching gathers pace in China and South Asian and South-east Asian countries use more LNG to support their economic growth, according to Shell’sLNG Outlook 2024.
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