Board of Directors Approves Model for Sale of Petrobras’ Shares Holds in Braskem
The Board of Directors of Petrobras approved the sale model of up to 100 percent of the preferred shares it holds in Braskem SA (Braskem), to be conducted through a secondary public offering(s) of shares (follow-on), in collaboration with Novonor SA and NSP Investimentos SA (both referred to as Novonor), dubbed the Offer. Petrobras also […]
Shell Completes Acquisition of Solar & Energy Storage Developer Savion
Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States, has been acquired by Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc (Shell). Savion specializes in the development of solar power and energy storage projects, with more than 18 gigatonnes of solar power and battery storage […]
Merger of Santos & Oil Search Implemented
Santos Limited (Santos) is pleased to announce that the merger of Santos and Oil Search Limited (Oil Search) has been completed today through a scheme of arrangement (Scheme). As a result, Santos has acquired 100% of Oil Search’s issued capital from Oil Search shareholders. According to the Scheme’s terms, eligible Oil Search shareholders have been […]
McDermott Awarded Three Offshore Contracts by Saudi Aramco
McDermott continues its decades-long relationship with Saudi Aramco with three new engineering, procurement, construction, and installation (EPCI) awards. McDermott will provide EPCI for four drilling jackets and seven oil production deck modules (PDMs) in Saudi Arabia’s offshore Zuluf, Ribyan, Abu Sa’fah, and Safaniya fields. ‘These awards are a direct result of our long track record […]
Lamprell Announces Directorate Changes
Lamprell announces the following changes to the Board of Directors in light of recent announcements. Jean Marc Lechene has been appointed to Lamprell’s Board of Directors as an independent Non-Executive Director, effective yesterday. In addition, after more than four years on the Board, Mr James Dewar has decided to step down as a Non-Executive Director […]
Genel Energy Provides Update on Bina Bawi and Miran PSCs
The Bina Bawi and Miran Production Sharing Contracts (‘PSCs’) have been updated by Genel Energy. Following Genel’s announcement on 20 August 2021 that notices of intention to terminate the Bina Bawi and Miran PSCs had been received from the Kurdistan Regional Government’s Ministry of Natural Resources, Genel has received formal notices purporting to terminate the […]
Ararume appointed NNPC Ltd chair, as Buhari approves incorporation
President Muhammadu Buhari, at the weekend directed the formal incorporation of Nigerian National Petroleum Company (NNPC) Limited and has also appointed its board of directors and management. Femi Adesina, special adviser to the president on media and publicity, who announced the decision in a statement on Sunday also named the management and board members of […]
Nigeria’s external reserves grow by $1.96bn in 19 days, on improved crude oil price
Nigeria’s external reserves have grown by 3.71 percent, or $1.96 billion, in the last 19 days. According to figures obtained from the Central Bank of Nigeria (CBN) on Sunday, Nigeria’s external reserves climbed from $34.10 billion on September 1 to N35.36 billion on September 19, 2021. The breakdown shows that in the first eight days […]
TotalEnergies, NNPC to strengthen partnership
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari says the corporation will strengthen partnership with TotalEnergies for effective delivery of services to shareholders. Kyari disclosed this when the New President, Exploration and Production of TotalEnergies, Nicolas Terraz and his delegation visited him in Abuja, on Friday. “We are very […]
Shut down all illegal refineries, NSCDC boss tell officers
The Commandant General of Nigeria Security and Civil Defence Corps, Ahmed Audi, has charged zonal and state commandants in the country, to step up their operational activities in securing the nation and safeguarding critical assets and infrastructure. To this end, the NSCDC boss directed all state Commandants to strengthen their anti-vandalism drive by closing more […]