Latest Release

  • Total signs a MoU with the State of Papua New Guinea

    by Oil and gas press -

    Total and its partners ExxonMobil and Oil Search have signed a Memorandum of Understanding (MoU) with the Independent State of Papua New Guinea defining the key terms of the Gas Agreement for the Papua LNG Project. The MoU was signed during the Asia Pacific Economic Conference (APEC) in Port Moresby, in presence of Peter O’Neill, […]

  • Centrica supports new electric vehicle charging study in London

    by Oil and gas press -

    Centrica is delighted to be working with FreeWire Technologies on a feasibility study that aims to help unlock the adoption of electrified transportation in the UK. A pioneer in flexible electric vehicle (EV) charging technology, FreeWire has received funding from the Office for Low Emission Vehicles and Innovate UK to participate in the Wireless Electric […]

  • Premier Oil provides Trading and Operations Update

    by Oil and gas press -

    Premier Oil plc today provides a Trading and Operations Update for the period to 15 November 2018. Highlights Year-to-date production of 78.4 kboepd, up from 76.2 kboepd in the first half; forecast full-year production at around 80 kboepd Record Catcher Area production rates of over 70 kboepd (gross) frequently achieved; contractual oil production rate expected […]

  • Energean Trading and Operational Update

    by Oil and gas press -

    Energean Oil and Gas plc (LSE: ENOG, TA: ENOG), the London Premium Listed FTSE 250 and Tel Aviv Listed E&P company with operations offshore Israel, Greece and the Adriatic is pleased to issue the following Trading Update for the period from 1 July to 13 November 2018. The Group will publish a Trading Statement and […]

  • McDermott Awarded Contract by Talos Energy

    by Oil and gas press -

    McDermott International, Inc. (NYSE: MDR) announced today a contract award for concept and engineering services for Talos Energy Inc. for the Zama field development project – the first offshore Mexico block awarded to a private operator. The contract award is for engineering services, including concept selection and follow-on pre-FEED. McDermott will execute this contract award […]

  • CME Group Announces Henry Hub Natural Gas Futures All-Time Daily Volume Record

    by Oil and gas press -

    CME Group, announced it reached a daily trading volume record of 1,232,635 contracts for Henry Hub Natural Gas futures on Tuesday, Nov. 13, 2018, surpassing the previous record of 1,022,858 contracts set on Jan. 12, 2018. Additional energy futures and options volume records reached yesterday include: • Record 994,030 energy options contracts, surpassing the previous […]

  • Fresh exploration potential in offshore Argentina highlighted in new study

    by Oil and gas press -

    Explorers interested in Argentina’s upcoming offshore bid round will benefit from a new geological study which constrains the timing and structural context for Triassic to Early Cretaceous basin development prior to and during continental rifting of the South Atlantic Ocean. This new framework for basin evolution will inform exploration strategy and reduce investment risk in […]

  • Equinor acquires minority shareholding in Scatec Solar ASA

    by Oil and gas press -

    Equinor ASA has acquired 11,020,000 shares in Scatec Solar ASA, corresponding to 9.7 per cent of the shares and votes, at a total purchase price of approximately NOK 700 million (USD 82.4 million1). “The investment in Scatec Solar will increase Equinor’s exposure to a fast growing renewable sector, further complementing Equinor’s portfolio with profitable solar […]

  • Tullow Oil Announce November Trading Update

    by Oil and gas press -

    Tullow Oil plc (Tullow) issues the following Trading Update for the period 26 July to 15 November 2018. Trading Update summary • All fields producing in line with expectations, full year oil production guidance narrowed to 87-91,000 bopd • Full year free cash flow forecast to be c.$700 million, including Uganda farm-down proceeds of $200m, […]

  • Cairn Announce UK Norway Update – discovery and farm out

    by Oil and gas press -

    An oil discovery on the 9/14a-17B well and associated side-track on the Agar-Plantain Prospect in the UK North Sea Farm out agreement for a 40% non-operated interest of the Chimera prospect in the UK North Sea Commitment exploration well in the UK North Sea targeting the Ekland prospect failed to encounter commercial hydrocarbons The next […]

  • ADNOC to Invest AED 5.1 Billion to Upgrade and Expand Bu Hasa Field

    by Oil and gas press -

    The Abu Dhabi National Oil Company (ADNOC) announced, today, an AED 5.1 billion (US $1.4 billion) investment to upgrade and expand its Bu Hasa field that will increase crude oil production capacity to 650,000 barrels per day (bpd). This is an important step towards delivery of ADNOC’s 2030 smart growth strategy that seeks to increase […]

  • ADNOC to Extend Gas Supply Agreement For LNG Production

    by Oil and gas press -

    The Abu Dhabi National Oil Company (ADNOC), has agreed, in principle, to extend to 2040 its gas supply agreement with ADNOC LNG, in coordination with ADNOC LNG’s joint venture partners, Mitsui, BP and Total. The new gas supply agreement is scheduled to take effect from April 1, 2019, replacing an existing agreement, due to expire […]

  • Seplat Q3 2018 interim dividend payment exchange rates

    by Oil and gas press -

    Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian independent oil and gas company listed on both the Nigerian Stock Exchange and London Stock Exchange, today confirms that the following currency exchange rates will be applicable in determination of the Q3 2018 interim dividend payment to any shareholders that qualify for and […]

  • TechnipFMC Signs Agreement with Chevron

    by Oil and gas press -

    TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) has signed a Surface Technologies Frame Agreement with Chevron. This 5-year agreement covers the exclusive supply of surface wellhead equipment and service in the United States and Canada. Richard Alabaster, President of TechnipFMC’s Surface Technologies business, commented: “We are very pleased to extend our partnership with Chevron and to support their […]

  • Neste MY Renewable Diesel launched in Latvia

    by Oil and gas press -

    Latvia’s leading network of automatic filling stations, has launched Neste MY Renewable Diesel™ for the Latvian transport market. It is produced from 100% renewable raw materials and enables up to 90% less greenhouse gas emissions compared to conventional fossil diesel. The product is available at the Neste filling station at 84 Ulmaņa gatves Street in […]

  • Africa Oil Third Quarter 2018 Financial and Operating Results

    by Oil and gas press -

    Africa Oil Corp. (“Africa Oil” or the “Company”) announced its financial and operating results for the three and nine months ended September 30, 2018. HIGHLIGHTS: • The Company ended Q3 2018 with cash of $380.1 million and working capital of $371.5 million; • Cash increased by $10.6 million during Q3 2018, primarily due to receiving […]

  • GlassPoint and Occidental of Oman Sign Agreement

    by Oil and gas press -

    GlassPoint Solar and Occidental of Oman announced today that they have signed a Memorandum of Understanding (MoU) that could lead to a large solar thermal energy plant, exceeding two gigawatts, at the Mukhaizna oilfield in the Sultanate of Oman. As the lead developer of the proposed project, GlassPoint would deploy its proven solar technology to […]

  • Ghana Implements the IMF’s Enhanced General Data Dissemination System

    by Oil and gas press -

    Ghana has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing critical data through the National Summary Data Page (NSDP). The e-GDDS was established by the IMF in 2015 to support improved data transparency, encourage statistical development, and help create synergies between data dissemination and surveillance. The NSDP is a […]

  • Renewable Energy Directive (RED II)

    by Oil and gas press -

    The European Parliament voted today on 13 November 2018 on the post-2020 EU Renewable Energy Directive (RED II). “We are pleased with the European Parliament’s voting result. As expected, the Parliament supports the EU-wide overall target of 32% for renewables in 2030, and the binding target of minimum 14% for renewables in transport in 2030. […]

  • Lapland Airports in Finland switch to Neste MY Renewable Diesel

    by Oil and gas press -

    The Finnish airport operator Finavia has decided to adopt Neste MY Renewable Diesel™ in its vehicles at Rovaniemi, Kuusamo, Ivalo and Kittilä airports. Neste MY Renewable Diesel is produced from waste and residues. The switch to renewable fuel is part of Finavia’s goal to make its airports carbon dioxide neutral by 2020. “Helsinki Airport is […]

  • Eni signs Ghasha gas concession with ADNOC

    by Oil and gas press -

    His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Abu Dhabi National Oil Company (ADNOC) Group CEO, and Eni’s Chief Executive Officer, Claudio Descalzi, have signed a concession agreement to award Eni a 25 percent stake in ADNOC’s mega offshore gas project. The Ghasha Concession, which has a term of 40 years, […]

  • Versalis Petrochem Mazrui in joint venture

    by Oil and gas press -

    Versalis, the Eni chemical company, Petrochem (a Mazrui Energy Services Company), a leading manufacturer of drilling fluids, and Mazrui Energy Services (a Mazrui International Company), a leading service company in the Oil & Gas industry in the Middle East, have signed an agreement to establish Versalis Petrochem Mazrui (VPM), a joint venture for the commercialization […]

  • Wood awarded contract extension for Upper Zakum oil field project

    by Oil and gas press -

    Wood has secured a multimillion dollar contract extension from ADNOC Offshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC), for services to the the UZ750 mega project offshore Abu Dhabi. The scope of work includes project management consultancy (PMC) services for the development which comprises four new artificial islands and the associated drilling, production, […]

  • JMMC meeting in Abu Dhabi focuses on supply and demand outlook for 2019

    by Oil and gas press -

    The OPEC-Non-OPEC Joint Ministerial Monitoring Committee (JMMC) convened in Abu Dhabi, United Arab Emirates, for its eleventh meeting on 11 November 2018. The Committee reviewed the monthly report prepared by its Joint Technical Committee (JTC) and the short-term developments in the global oil market, including prospects, as well as scenario analysis for 2019. The JMMC […]

  • Oil and Oil products spills

    by Oil and gas press -

    Russian Scientists Create Industrial Prototype of Unique Biological Preparation Russian scientists have created an industrial prototype of a unique biological preparation designed to clean the coast line and waters of the North seas from oil and oil products spills. The discovery is part of a project being implemented by the Arctic Research and Design Centre […]

  • ADNOC and Saudi Aramco Sign Framework Agreement on LNG Cooperation

    by Oil and gas press -

    The Abu Dhabi National Oil Company (ADNOC) signed, today, a framework agreement with Saudi Aramco (Aramco), to explore potential opportunities for collaboration in the natural gas and Liquefied Natural Gas (LNG) sectors. The cooperation brings together two of the world’s leading energy producers from the Arabian Gulf to jointly work together in an area of […]

  • Eni sells 20% stake in the Nour North Sinai Offshore concession to Mubadala Petroleum

    by Oil and gas press -

    The Chief Executive Officer of Petroleum & Petrochemicals, Mubadala Investment Company, and Chairman of Mubadala Petroleum, Musabbeh Al Kaabi, and the Chief Executive Officer of Eni, Claudio Descalzi, signed an agreement today for the sale of a 20% participating interest, out of Eni’s share, in the Nour North Sinai Offshore concession, in Egypt, to Mubadala […]

  • Total and ADNOC to launch unconventional gas exploration in Abu Dhabi

    by Oil and gas press -

    Total and Abu Dhabi National Oil Company (ADNOC) have signed a concession agreement to launch an unconventional gas exploration program in the high potential Diyab play that spreads over 6 000 km2 to the west of the prolific ADNOC Onshore concession, in Abu Dhabi. The concession allows for two exploration and appraisal phases for a […]

  • Wood secures $53 million of contracts with ADNOC Onshore

    by Oil and gas press -

    Wood has been awarded three new, call-off contracts totaling $53 million by ADNOC Onshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC). Project management consultancy (PMC) services will be provided for major projects across the company’s onshore fields in Abu Dhabi, aimed at supporting ADNOC’s group-wide production capacity target of 4 million barrels of […]

  • Hess Completes Drilling on Aspy Well

    by Oil and gas press -

    Hess Corporation (NYSE:HES) announced that drilling of the Aspy exploration well offshore Nova Scotia reached total depth of 7,400 meters. The prospect did not encounter commercial quantities of hydrocarbons and Hess’ share of the well cost through September 30, 2018 will be expensed in the third quarter and reflected in the company’s Quarterly Report on […]

  • Total inaugurates the Kaombo project in Angola

    by Oil and gas press -

    The Angolan State Minister for Economic and Social Development, Manuel Nunes Junior, the Chairman and CEO of Total, Patrick Pouyanné, and the Chairman of the Board of Directors of Sonangol, Carlos Saturnino, inaugurated the Kaombo project today, which came on stream in July and is located deep offshore on Block 32, 260 kilometers off the […]

  • Saudi Aramco breaks ground for new Upstream R&D Center in Russia

    by Oil and gas press -

    Strategic collaboration between Saudi Arabia and Russia continues to progress with Saudi Aramco President and CEO Amin H. Nasser attending the groundbreaking ceremony of a new Saudi Aramco Research Center at the MSU Science Park. The Center is Saudi Aramco’s ninth R&D facility outside the Kingdom and will focus on upstream technologies in simulation and […]

  • October 2018 rig counts

    by Oil and gas press -

    Baker Hughes, a GE company announced that the Baker Hughes international rig count for October 2018 was 1,017, up 13 from the 1,004 counted in September 2018, and up 66 from the 951 counted in October 2017. The international offshore rig count for October 2018 was 207, up 3 from the 204 counted in September […]

  • Nigeria Records Crude Oil and Gas Export Sale of $470m in August

    by Oil and gas press -

    The Nigerian National Petroleum Corporation (NNPC) has said that crude oil and gas export sale by the corporation in August 2018 was $470million, indicating an upsurge of about $78million in relation to July oil and gas export figures of $391.91million. NNPC Monthly Financial and Operations report for August 2018 released today in Abuja by the […]

  • Women@DEA Summit in Hamburg

    by Oil and gas press -

    Diversity and equal opportunities for all of employees is top priority at DEA. Employees from over 40 nations work at the exploration and production company operating internationally but headquartered in Hamburg, Germany. However, the female share of the total workforce at DEA is just above 25 per cent – which unfortunately is representative for an […]

  • MHPS’s Integrated Fuel Cell and Gas Turbine Hybrid Power Generation System “MEGAMIE”

    by Oil and gas press -

    Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has decided on the series name “MEGAMIE” for its pressurized hybrid power generation system that integrates solid oxide fuel cell (SOFC) stacks with micro gas turbines (MGT), developed for the commercial and industrial market. The aim of naming the series is to increase product recognition and strengthen market penetration […]

  • Neste Engineering Solutions enter into a joint collaboration

    by Oil and gas press -

    Chevron Lummus Global (CLG) and Neste Engineering Solutions have signed a collaboration agreement regarding NAPCON operator training simulators for residue hydrocracking technologies. The agreement will cover all the residue hydrocracking technologies of Chevron Lummus Global, for example LC-FININGTM, LC-Max®, LC-SLURRY. The purpose of this collaboration is to offer solutions for all end-customer training solution needs […]

  • Equinor bids for three new licences offshore Newfoundland

    by Oil and gas press -

    Equinor and its partners were the successful bidders for new exploration parcels in the prolific Jeanne d’Arc basin, offshore Newfoundland. Equinor will operate two exploration parcels, NL18-CFB01-14 (Equinor Canada 70%, Husky Energy 30%) and NL18-CFB01-15 (Equinor Canada 60%, Suncor Energy 40%), totalling 412,644 hectares (4,126 square kilometres), and will participate in the Suncor Energy-operated parcel […]

  • Angola President meets Eni CEO

    by Oil and gas press -

    The President of the Republic of Angola, H. E. João Gonçalves Lourenço, and the CEO of Eni, Claudio Descalzi, met today in Luanda to discuss Eni’s operational activities and initiatives in the country. In the sidelines of the meeting, Eni and Sonangol signed an amendment of Block 15/06 Production Sharing Contract which defines the new […]

  • Rosneft Announce Financial results for 3Q 2018

    by Oil and gas press -

    3Q 2018 revenue amounted to RUB 2,286 bln (USD 35.8 bln) increasing by 10.7% QoQ in RUB terms. The increase was driven by production ramp-up on the back of OPEC+ Agreement restrictions easing with Urals price growth by over 8% in RUB terms. 9М 2018 revenue increased by more than 1.4 times YoY up to […]

  • Neste MY Renewable Diesel launched in Sweden

    by Oil and gas press -

    Neste is launching Neste MY Renewable Diesel for the Swedish transport marketIt is made from 100% renewable raw materials and emits up to 90% less greenhouse gas emissions compared to conventional fossil diesel. With 2.7 million tons, Neste is responsible for the majority of total renewable diesel production globally. Neste MY Renewable Diesel reduced climate […]

  • Neste MY Renewable Diesel

    by Oil and gas press -

    Ecology, a transportation and logistics company in California, has switched its fleet of more than 600 trucks to run on Neste MY Renewable Diesel™ and is reporting cleaner fuel filters, fewer maintenance problems and reductions in tailpipe emissions. Ecology is one of the largest trucking and transportation companies in the Western United States, providing services […]

  • ADNOC’s 2019-2023 Business Plan and AED 486 Billion CAPEX Approved

    by Oil and gas press -

    Abu Dhabi’s Supreme Petroleum Council (SPC) approved the Abu Dhabi National Oil Company’s (ADNOC) new integrated gas strategy and plans to increase its oil production capacity to 4 million barrels per day (mmbpd) at the end of 2020 and 5mmbpd by 2030. The SPC meeting was presided over by H.H. Sheikh Mohamed bin Zayed Al […]

  • Wood and Nobel enter into joint venture agreement in Azerbaijan

    by Oil and gas press -

    Wood and Nobel Oil have entered into a joint venture (JV) agreement to provide engineering and operations support services to the oil and gas market in Azerbaijan. The JV will combine Wood’s engineering and technical services capabilities with Nobel Oil’s local knowledge and expertise in the Caspian region. It will primarily support in the delivery […]

  • Total and Sempra Energy sign MoU for Development of North American LNG Export Projects

    by Oil and gas press -

    Sempra Energy (NYSE: SRE) and Total S.A. (NYSE: TOT) announced that they have entered into a Memorandum of Understanding (MOU) that provides the framework for cooperation in the development of North American liquefied natural gas (LNG) export projects. The scope of MOU covers continuing the development of the Cameron LNG liquefaction-export project in Louisiana and […]

  • Eni and Lukoil sign agreement on exploration licenses offshore Mexico

    by Oil and gas press -

    Eni and Lukoil signed a farm-out agreement for the transfer of participating interests in three exploration licenses in Mexico’s shallow waters. According to the agreement, Eni will give Lukoil a 20% stake in the Production Sharing Contracts (PSC) in both Area 10 and Area 14, and will acquire a 40% stake in Lukoil’s PSC for […]

  • Steven W. Green Named President of Chevron North America E&P

    by Oil and gas press -

    Chevron Corporation (NYSE:CVX) today named Steven W. Green president of Chevron North America Exploration and Production, effective March 1, 2019. Green, 61, succeeds Jeff Shellebarger, who is retiring from Chevron after 38 years of distinguished service. Green, who is currently president of Chevron Asia Pacific Exploration and Production, will oversee Chevron’s exploration and production activities […]

  • The ongoing refinancing efforts of Fred. Olsen Energy ASA (“FOE”)

    by Oil and gas press -

    As part of the refinancing process, FOE has presented to its stakeholders a new refinancing proposal for FOE, comprising the following key elements: 1. The sale of the company’s drilling unit Bolette Dolphin. 2. The issuance of new equity in the amount of approximately 130-140 MUSD in consideration of approximately 89% of FOE’s share capital, […]

  • Africa Oil Week 2018 highlights key challenges

    by Oil and gas press -

    Africa Oil Week kicked off with a strong start for its 25th anniversary as delegates converged at the Welcome Reception to celebrate the spectacular opening of Africa Oil Week 2018 and today the conference got underway. The first session on Economic Outlooks was opened with key speakers including Jens Frølich Holte, State Secretary, Ministry of […]

  • GEL Utility Signs Multiyear Services Agreement with GE to power Nigeria’s Largest Oil Refinery

    by Oil and gas press -

    GE’s Power Services (NYSE:GE) today announced that it has signed a multiyear service agreement (MYA) with GEL Utility Limited (GELUL) , a joint subsidiary of Engro Corporation of Pakistan and Genesis Power & Energy Solutions, to support the power generation requirements of the Nigerian National Petroleum Corporation’s wholly owned subsidiary- the Port Harcourt Refining Company […]

  • Occidental Petroleum Announces 3rd Quarter 2018 Results

    by Oil and gas press -

    Occidental Petroleum Corporation (NYSE:OXY) today announced net income for the third quarter of 2018 of $1.9 billion, or $2.44 per diluted share, which included an after-tax gain on the sale of domestic midstream assets of approximately $700 million. Core income for the third quarter of 2018 was $1.4 billion, or $1.77 per diluted share. “We […]

  • Outlook for Africa’s oil & gas industry improves – PwC report

    by Oil and gas press -

    The outlook for Africa’s oil & gas industry is positive amid difficult operating and economic headwinds. Tough economic and external conditions have placed pressure on oil & gas companies to be more cost-effective and efficient. Companies have adopted to a low-cost environment, which promises to be even more beneficial given the current recovering oil price. […]

  • Paul Smith to be appointed as CFO of Wintershall DEA

    by Oil and gas press -

    BASF and LetterOne today announce their agreement to appoint Paul Smith as future Chief Financial Officer (CFO) and member of the Management Board of Wintershall DEA. The appointment will take effect on closing of the merger of Wintershall and DEA, which is expected in the first half of 2019 and is still subject to customary […]

  • Serica Energy Acquires Marubeni Interests in Bruce and Keith

    by Oil and gas press -

    Serica Energy plc (AIM: SQZ) announced that Serica Energy (UK) Limited (“Serica UK”) has signed a further sale and purchase agreement (“SPA”) to acquire additional interests in the Bruce and Keith fields and associated infrastructure in the UK North Sea (the “Transaction”). Under the SPA, Serica UK will acquire the 3.75% interest in the Bruce […]

  • Serica Energy Acquires BHP Interests in Bruce and Keith

    by Oil and gas press -

    Serica Energy plc (AIM: SQZ) announced that Serica Energy (UK) Limited (“Serica UK”) has signed a sale and purchase agreement (“SPA”) to acquire further interests in the Bruce and Keith fields and associated infrastructure in the UK North Sea (the “Transaction”). Under the SPA, Serica UK will acquire a 16.00% interest in the Bruce field […]

  • Neste and Clariant to develop sustainable industrial solutions

    by Oil and gas press -

    Neste, the world’s leading provider of sustainable renewable diesel and an expert in delivering drop-in renewable chemical solutions, and Clariant, a world leader in specialty chemicals, have signed an agreement for a new partnership to join forces in developing and making new sustainable material solutions accessible to a variety of industries. In the first phase […]

  • Wildcat Oil Tools completes Momentum Completion Acquisition

    by Rick Strange -

    Wildcat Oil Tools announced today that it has completed a definitive asset purchase agreement with Momentum Completion, a specialty thru tubing and downhole service organization. As part of this agreement, Wildcat will integrate Momentum Completion’s suite of downhole thru tubing high torque motors, oscillating technology, thru tubing equipment, and sand jet perforating services into Wildcat’s […]

  • Wood awarded contract in Chile

    by Oil and gas press -

    Wood has been awarded a new contract by Minera Centinela S.A. to support the studies of centralization of monitoring and control for its mining operations. Under this contract, Wood will prepare a pre-feasibility study for a technologically-advanced integrated operations center, including cloud data storage and information management for its operations, easily accessible from anywhere in […]

  • ExxonMobil Earnings Increase 57 Percent to $6.2 Billion

    by Oil and gas press -

    Exxon Mobil Corporation announced estimated third quarter 2018 earnings of $6.2 billion, or $1.46 per share assuming dilution, compared with $4 billion a year earlier. Cash flow from operations and asset sales was $12.6 billion, including proceeds associated with asset sales of $1.5 billion. During the quarter, the company distributed $3.5 billion in dividends to […]

  • Cuadrilla see natural gas flow from Preston New Road site

    by Oil and gas press -

    Cuadrilla announced that it has begun to see natural gas flow to the surface from its shale exploration well at the Preston New Road site. The gas returned to surface, along with water being recycled from the shale rock, after hydraulic fracturing a small section of the shale surrounding the first horizontal exploration well. Cuadrilla, […]

  • NNPC Reports Natural Gas Production Up by 8 Per cent

    by Oil and gas press -

    A total of 230.35Billion Cubic Feet (BCF) of natural gas was produced in the country in July 2018, averaging a daily production of 7,678.17Million Standard Cubic Feet (mmscfd), NNPC Monthly Financial and Operations report for July 2018 has stated. The sum represents 8.81 per cent increase compared to the previous month of June 2018. The […]

  • Golar LNG Announce Interim results to 30 September 2018

    by Oil and gas press -

    Golar LNG Limited (“Golar” or “the Company”) reports net income of $66.2 million for the third quarter of 2018 (“3Q”). Highlights Total operating revenues of $123.1 million reported for the quarter. Adjusted EBITDA1 of $83.5 million for the quarter excluding $77.5 million of unrealized Brent oil linked mark-to-market derivative instrument income. Net financial expenses of […]

  • Total and Sempra Energy sign Memorandum of Understanding

    by Oil and gas press -

    Sempra Energy (NYSE: SRE) and Total S.A. (NYSE: TOT) today announced that they have entered into a Memorandum of Understanding (MOU) that provides the framework for cooperation in the development of North American liquefied natural gas (LNG) export projects. The scope of MOU covers continuing the development of the Cameron LNG liquefaction-export project in Louisiana […]

  • Noble Energy Announces Third Quarter 2018 Results

    by Oil and gas press -

    Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or the “Company”) announced third quarter 2018 financial and operating results. The Company reported third quarter net income attributable to Noble Energy of $227 million, or $0.47 per diluted share. Highlights include: Delivered sales volumes of 345 MBoe/d, with all business units at or above the midpoint of […]

  • Chevron Reports 3rd Quarter Net Income of $4.0 Billion

    by Oil and gas press -

    Chevron Corporation (NYSE: CVX) today reported earnings of $4.0 billion ($2.11 per share – diluted) for third quarter 2018, compared with $2.0 billion ($1.03 per share – diluted) in the third quarter of 2017. Included in the current quarter were a write-off, an asset impairment, and a non-recurring contractual settlement totaling $930 million in the […]

  • CME Group Averaged 20.6 Million Contracts Per Day in October 2018

    by Oil and gas press -

    CME Group, reached average daily volume (ADV) of 20.6 million contracts per day during October 2018, up 38 percent from October 2017. Open interest at the end of October was 128 million contracts, up 6 percent from October 2017 and up 19 percent from year-end 2017. Equity Index volume averaged 4.7 million contracts per day […]

  • Åland Switches to Neste MY Renewable Diesel

    by Oil and gas press -

    Local transportation on the Åland Islands in the Baltic Sea is switching to Neste MY Renewable Diesel™ which is produced entirely from waste and residues. The first vehicles to use the product are the local and charter buses of the Viking Line Buss and Williams Buss companies, in addition to the Åland Post fleet. “We […]

  • NNPC, BP Sign PMS Supply Agreement

    by Oil and gas press -

    As part of measures to sustain the robust supply of petroleum products across the country and especially going into the Yuletide period and beyond, the Nigerian National Petroleum Corporation (NNPC) has signed a six-month Direct Sale-Direct Purchase (DSDP) agreement with the British Petroleum’s (BP) trading arm, BP Oil International Ltd, for the supply of Premium […]

  • BP completes purchase of BHP assets in US onshore

    by Oil and gas press -

    BP has completed the $10.5 billion acquisition of BHP’s U.S. unconventional assets in a landmark deal that will significantly upgrade BP’s U.S. onshore oil and gas portfolio and help drive long-term growth. The acquisition – which was announced in July and closed as scheduled on October 31– adds oil and gas production of 190,000 barrels […]

  • TransCanada Announce Record Third Quarter Financial Results

    by Oil and gas press -

    TransCanada Corporation (TSX, NYSE: TRP) (TransCanada or the Company) today announced net income attributable to common shares for third quarter 2018 of $928 million or $1.02 per share compared to net income of $612 million or $0.70 per share for the same period in 2017. Comparable earnings for third quarter 2018 were $902 million or […]

  • Baker Hughes, a GE company Announces Third Quarter 2018 Results

    by Oil and gas press -

    Orders of $5.7 billion for the quarter, down 5% sequentially and flat year-over-year Revenue of $5.7 billion for the quarter, up 2% sequentially and up 7% year-over-year GAAP operating income of $282 million for the quarter, increased $204 million sequentially and increased $475 million year-over-year Adjusted operating income (a non-GAAP measure) of $377 million for […]

  • Noble Reports Third Quarter 2018 Results

    by Oil and gas press -

    Noble Corporation plc (NYSE: NE, the Company) reported a net loss attributable to the Company for the three months ended September 30, 2018 of $82 million, or $0.33 per diluted share, on revenues of $279 million. Results for the third quarter included a discrete tax benefit totaling $25 million, or $0.10 per diluted share. Excluding […]

  • Chevron Announces Quarterly Dividend

    by Oil and gas press -

    The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and twelve cents($1.12) per share, payable December 10, 2018, to all holders of common stock as shown on the transfer records of the Corporation at the close of business November 16, 2018. Source / More : Chevron Corporation, […]

  • Africa Oil, Delonex and Vitol Announce Acquisition of Producing Assets in Deepwater Nigeria

    by Oil and gas press -

    A consortium led by Vitol and comprising Africa Oil Corp (“Africa Oil”) (25%), Delonex Energy Ltd. (“Delonex”) (25%) and Vitol Investment Partnership II Ltd. (“Vitol”) (50%), (collectively, the “Consortium”), announced that it has entered into a Share Purchase Agreement (“SPA”) to acquire a 50% ownership interest in Petrobras Oil and Gas B.V. for $1.407 billion. […]

  • Peter Vanacker Now President and CEO of Neste Corporation

    by Oil and gas press -

    As disclosed on 9 February 2018, Peter Vanacker (born 1966, M.Sc. Chem. Eng.) starts today on 1 November 2018 as the President and CEO of Neste Corporation. He joined Neste in September 2018 as a Senior Executive and since then has familiarized himself with Neste’s business and operations. Peter Vanacker joins Neste after working as […]

  • Shell announces the second tranche of the share buyback programme

    by Oil and gas press -

    Royal Dutch Shell plc (the ‘company’) today announces the commencement of trading in the second tranche of its share buyback programme previously announced on July 26, 2018. The company’s intention is to buy back at least $25 billion of its shares by the end of 2020, subject to further progress with debt reduction and oil […]

  • Wood awarded contract in Chile

    by Oil and gas press -

    Wood has been awarded a new contract by Minera Centinela S.A. to support the studies of centralization of monitoring and control for its mining operations. Under this contract, Wood will prepare a pre-feasibility study for a technologically-advanced integrated operations center, including cloud data storage and information management for its operations, easily accessible from anywhere in […]

  • Canadian Natural Resources Limited Announces 2018 Third Quarter Results

    by Oil and gas press -

    Commenting on third quarter 2018 results, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, “The strength of our well balanced and diverse portfolio, combined with Canadian Natural’s ability to effectively and efficiently execute, delivered a strong third quarter for the Company. Record quarterly adjusted funds flow of over $2.8 billion was achieved in the third […]

  • Canadian Natural Announces Quarterly Dividend

    by Oil and gas press -

    Canadian Natural Resources Limited announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.335 (thirty-three and one half cents) per common share. The dividend will be payable January 1, 2019 to shareholders of record at the close of business on December 10, 2018. Canadian Natural is a senior […]

  • ExxonMobil to Produce High-Value Transportation Fuels

    by Oil and gas press -

    ExxonMobil said today that it has started operations of a new unit at its Antwerp refinery in Belgium to convert heavy, higher-sulfur residual oils into high-value transportation fuels such as marine gasoil and diesel. The new 50,000 barrel-per-day unit expands the refinery’s capacity to meet demand for cleaner transportation fuels throughout northwest Europe. The company’s […]

  • Versalis: acquisition of the bio-run activities of Mossi & Ghisolfi

    by Oil and gas press -

    Versalis (Eni) has acquired the bio-run activities Mossi & Ghisolfi as of 1 November 2018, including human resources, assets relating to the development areas, industrialization, the licensing of biochemical and biomass technologies and processes. The Eni-owned chemical company has successfully completed the consultation procedure with unions and signed the sale and purchase agreement, and is […]

  • ROWAN RELIANCE AWARDED CONTRACT BY FIELDWOOD

    by Oil and gas press -

    Rowan Companies plc (“Rowan” or the “Company”) (NYSE: RDC) announced that the Rowan Reliance, an R-Class ultra-deepwater drillship, has been awarded a contract in the United States Gulf of Mexico by Fieldwood Energy LLC with a firm term of one year plus three 90-day options at then market rates. The contract is expected to commence […]

  • Cenovus Announce third-quarter Results

    by Oil and gas press -

    Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) generated more than $700 million of free funds flow and nearly $1 billion in adjusted funds flow in the third quarter, driven by exceptional operating performance in its oil sands and refining and marketing businesses. Oil sands production exceeded 376,000 barrels per day (bbls/d) with record-low operating costs […]

  • Panoro Signs Heads of Terms with Compagnie Tunisienne de Forage

    by Oil and gas press -

    Panoro Energy (the “Company” or “Panoro” with OSE Ticker: PEN) announced that its fully owned subsidiary Panoro Tunisia Exploration AS (“Panoro Tunisia”) has just signed a Heads of Terms with Compagnie Tunisienne de Forage (“CTF”), the Tunisian state-owned drilling contractor, for the use of the CTF-4, a 2,000-horsepower onshore rig, or equivalent drilling rig, for […]

  • ConocoPhillips Reports Third-Quarter 2018 Results

    by Oil and gas press -

    ConocoPhillips (NYSE: COP) reported third-quarter 2018 earnings of $1.9 billion, or $1.59 per share, compared with third-quarter 2017 earnings of $0.4 billion, or $0.34 per share. Excluding special items, third-quarter 2018 adjusted earnings were $1.6 billion, or $1.36 per share, compared with third-quarter 2017 adjusted earnings of $0.2 billion, or $0.16 per share. Special items […]

  • ConocoPhillips Announces Leadership Retirement and Realignment

    by Oil and gas press -

    ConocoPhillips (NYSE: COP) today announced the retirement of Al Hirshberg as executive vice president, Production, Drilling and Projects after more than 35 years of industry service, including eight years with ConocoPhillips. In conjunction with Hirshberg’s retirement, the company also announced the realignment of executive leadership responsibilities, as follows: Matt Fox, currently executive vice president, Strategy, […]

  • ION announce new reimaging program onshore Mexico

    by Oil and gas press -

    ION Geophysical Corporation (NYSE: IO) today announced a new 3D multi-client program onshore Mexico, which is fully supported by industry funding. The Tabasco 3D reimaging program will seamlessly integrate and reimage 46 data sets with the latest technology into a contiguous volume that ties the onshore and offshore plays at the prospect and regional scale. […]

  • Kvaerner wins Sverdrup jacket number four

    by Oil and gas press -

    Kvaerner signed a contract with Equinor for delivery of the steel substructure for the Johan Sverdrup Phase 2 process platform. With this award Kvaerner will deliver the fourth substructure for the Johan Sverdrup Field, one of the world’s largest ongoing offshore projects. The value of the contract is approximately NOK 900 million. The steel jacket […]

  • CME Receives CMA Clearance for Proposed NEX Acquisition

    by Oil and gas press -

    CME Group (Nasdaq: CME) and NEX Group (NXG.L) today announced they have received clearance from the UK Competition and Markets Authority for CME Group’s proposed acquisition of NEX. Completion of the transaction remains subject to sanction by the UK Court. The parties have scheduled the court hearing for November 1, 2018 and expect the closing […]

  • Jacket contract for Johan Sverdrup phase 2

    by Oil and gas press -

    Equinor and the Johan Sverdrup licence have awarded a jacket contract for the processing platform for Johan Sverdrup phase 2 to Kværner. The contract value is around NOK 900 million. “With this contract, Kværner and the Norwegian supplier industry has once again proved it is competitive in an international market. In the first phase of […]

  • TechnipFMC Signs Contract with MIDOR in Egypt

    by Oil and gas press -

    TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) has signed an Engineering, Procurement, and Construction (EPC) contract by Middle East Oil Refinery (MIDOR) for the modernization and expansion of their existing complex near Alexandria, Egypt. This EPC contract covers the debottlenecking of existing units as well as the delivery of new units including a Crude Distillation Unit, a Vacuum […]

  • Anadarko Announces 2018 Third-Quarter Results

    by Oil and gas press -

    Anadarko Petroleum Corporation (NYSE: APC) today announced 2018 third‑quarter results, reporting net income attributable to common stockholders of $363 million, or $0.72 per share (diluted). These results include certain items typically excluded by the investment community in published estimates. In total, these items decreased net income by $48 million, or $0.10 per share (diluted), on […]

  • Russia , UAE Partner NNPC for Oil, Gas Development

    by Oil and gas press -

    The Russian Federation and the United Arab Emirates have expressed their readiness to expand their scope of partnership with the Nigerian National Petroleum Corporation (NNPC) in the upstream, midstream, downstream and services sectors to further boost their various economies. Speaking after a working visit to the Group Managing Director of the NNPC, Dr. Maikanti Baru, […]

  • GE announce results for the quarter ended September 30, 2018

    by Oil and gas press -

    GE (NYSE:GE) reported a loss of $2.63 per share from GAAP continuing operations. As summarized in the attached reconciliation, adjusted earnings per share (non-GAAP) were $0.14, down 33 percent from the same period in 2017. The Company recorded a non-cash goodwill impairment charge of $22 billion, before tax, related to GE Power. The Company also […]

  • Milaha Initiates Major Digital Transformation

    by Oil and gas press -

    Milaha has chosen Oracle Cloud applications to drive a major digital transformation across all its core business operations and its subsidiaries. The initiative will help Milaha create new revenue streams by introducing innovative services and drive operational efficiency with automated processes. Commenting on the launch of the initiative, Mr Abdulrahman AlMannai, Milaha’s President and Chief […]

  • Milaha Reports 10% Increase in Net Profit for the Nine Months Ended Sep 30, 2018

    by Oil and gas press -

    Qatar Navigation (Milaha) Q.P.S.C. today announced its financial results for the nine months ended September 30, 2018. Key financial highlights: • Operating revenues of QAR 1.8 billion for the nine months ended September 30, 2018, compared to QAR 1.7 billion for the same period in 2017 • Operating profit of QAR 314 million for the […]

  • ex-Afren executives sentenced in fraud, money-laundering case

    by Oil and gas press -

    Osman Shahenshah and Shahid Ullah received a total of 30 years for fraud and money laundering offences they had committed whilst they were CEO and Chief Operating Officer of Afren Plc. The men were found guilty at trial earlier this month for a scheme they created to profit from business deals Afren made with its […]

  • Baker Hughes, a GE company Announces Third Quarter 2018 Results

    by Oil and gas press -

    Baker Hughes, a GE company (NYSE: BHGE) (“BHGE” or the “Company”) announced results today for the third quarter of 2018. Orders of $5.7 billion for the quarter, down 5% sequentially and flat year-over-year Revenue of $5.7 billion for the quarter, up 2% sequentially and up 7% year-over-year GAAP operating income of $282 million for the […]

  • Oranto Petroleum Signs Agreement with Niger Republic

    by Oil and gas press -

    The Ministry of Petroleum of Niger to Grant Blocks R5, R6, Dibella and Dallol to Oranto; The blocks are located in the Agadem Rift Basin; Oranto Petroleum to receive technical data. Nigeria-based Oranto Petroleum (atlas-Oranto.com) has signed a Memorandum of Understanding with the Ministry Petroleum of the Republic of Niger, outlining its intention to sign […]

  • Seplat Announce interim financial results for the nine months ended 30 September 2018

    by Oil and gas press -

    Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian independent oil and gas company listed on both the Nigerian Stock Exchange and London Stock Exchange, today announces its results for the nine months ended 30 September 2018. Commenting on the results Austin Avuru, Seplat’s Chief Executive Officer, said: “Seplat has continued to […]

SUBSCRIBE FOR FREE

Become a Oil & Gas Press subscriber

Oil and Gas Company News and Analysis Daily



ENERGY PRICES

TWITTER FEEDS

update or view historical data

NEWS PHOTOS

LIKE US ON FACEBOOK

  • Stocks and Shares
  • Algeria
  • Ministère de l'Energie et des Mines
  • www.mem-algeria.org
  • National Oil Company: SONATRACH
  • www.sonatrach-dz.com
  • Oil and Gas Press
  • Angola
  • Ministry of Petroleum
  • www.minpet.gov.ao
  • National Oil Company: SONANGOL
  • www.sonangol.co.ao
  • Oil and Gas Press Benin Republic
  • Benin
  • Ministère de l'Energie, des Recherches Pétrolières et Minières, de l'Eau et du
  • National Oil Company: OBH (Office Béninois des Hydrocarbures)
  • Oil and Gas Press
  • Cameroon
  • National Oil Company: SNH (Société Nationale des Hydrocarbures )
  • www.snh.cm
  • Oil and Gas Press
  • Chad
  • Ministère du Pétrole et de l'Energie
  • www.ministere-petrole.td
  • National Oil Company: SHT (Société des Hydrocarbures du Tchad)
  • >Oil and Gas Press
  • Congo (Republic of)
  • Ministère des Hydrocarbures
  • www.ministere-hydrocarbures.cg
  • National Oil Company: SNPC (Société Nationale des Pétroles du Congo )
  • www.snpc-group.com
  • Oil and Gas Press
  • D.R Congo
  • Ministère des Hydrocarbures
  • National Oil Company: COHYDRO (Congolaise des Hydrocarbures)
  • Oil and Gas Press
  • Côte d'Ivoire
  • Ministère des Mines, du Pétrole et de l'Energie
  • National Oil Company: PETROCI
  • (Société Nationale d'Opérations Pétrolières de la Côte d'Ivoire)
  • www.petroci.ci
  • Oil and Gas Press
  • Egypt
  • Ministry of Petroleum and Mineral resources
  • www.petroleum.gov.eg
  • National Oil Company: Egyptian General Petroleum Corporation
  • www.egpc.com.eg
  • Oil and Gas Press
  • Gabon
  • Ministère du Pétrole, de l'Energie et des Ressources Hydrauliques
  • http://www.energie.gouv.ga
  • Oil and Gas Press
  • Ghana
  • Ministry of Energy
  • www.energymin.gov.gh
  • National Oil Company: Ghana National Petroleum Corporation
  • www.gnpcghana.com
  • Oil and Gas Press
  • Equatorial Guinea
  • Ministère des Mines, de l'Industrie et de L'energie
  • www.equatorialoil.com
  • National Oil Company:GEPetrol
  • www.guineaecuatorialpetrol.com
  • >Oil and Gas Press
  • Libya
  • National Oil Company: NOC
  • (National Oil Corporation)
  • www.noc.ly
  • Oil and Gas Press
  • Mauritania
  • Ministère du Pétrole, de l'Energie & des Mines
  • www.petrole.gov.mr
  • National Oil Company: SMH
  • (Société Mauritanienne des Hydrocarbures ) Oil and Gas Press
  • Namibia
  • National Oil Company: NAMCOR
  • (National Petroleum Corporation of Namibia)
  • www.namcor.com.na/
  • Oil and Gas Press
  • Niger
  • Ministère de l'Energie et du Pétrole
  • National Oil Company:SONIDEP
  • (Société Nigerienne des Produits Pétroliers)
  • www.sonidep.net
  • Oil and Gas Press
  • Nigeria
  • Ministry of Petroleum Resources
  • www.nigeria.gov.ng
  • National Oil Company: NNPC
  • (Nigerian National Petroleum Corporation)
  • www.nnpcgroup.com
  • Oil and Gas Press Sao Tome
  • Empresa Nacional De Combustiveis e Oleos
  • Island Oil Exploration
  • >Oil and Gas Press
  • South Africa
  • Department of Energy
  • www.energy.gov.za
  • National Oil Company: PetroSA
  • (Petroleum, Oil and Gas Corporation of South Africa)
  • www.petrosa.co.za
  • >Oil and Gas Press
  • Sudan
  • Ministry of Petroleum
  • National Oil Company: SUDAPET
  • (Sudan Petroleum Company)
  • www.sudapet.sd
  • >Oil and Gas Press Togo
  • BUREAU VERITAS TOGO
  • COTECNA INSPECTION S.A.
  • TOTAL TOGO S.A.(DISTRIBUTION)