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Phillips 66 Q4 profit plunges, shares fall on weak refining margins

With new refining+ capacity coming online and refined product demand faltering in the United States and China, the two largest oil consumers, energy companies worldwide have taken an earnings hit. Weak margins also pushed U.S. […]

Ovintiv closes $2.3 billion acquisition of Montney assets

Ovintiv has closed its previously announced acquisition of certain Montney assets from Paramount Resources Ltd. The acquisition adds approximately 70 thousand barrels of oil equivalent per day (MBOE/d) of production, 900 net 10,000 […]

FET to supply work class ROV to global maritime organization

The Forum Energy Technology (FET) Subsea product line has secured a contract to provide a work class remotely operated vehicle (ROV) system and a Dynacon Launch and Recovery System (LARS) to ACSM, the Spanish-headquartered global […]

NCDMB to partner Nigerian Academy of Science on R&D

Oritsegbubemi Omatseyin Lagos — The Nigerian Content Development and Monitoring Board, NCDMB, has pledged to partner with the Nigerian Academy of Science, NAS, on research and development. The Board made the pledge at the official […]

Aker BP selects Aucotec to drive operational efficiency in Yggdrasil

Aker BP has selected Aucotec as one of its’ partners in the digital infrastructure of the Yggdrasil development in the Norwegian North Sea. At the core of this decision is Engineering Base, a proven cooperation […]

TotalEnergies and CAF extend, deepen partnership for a further four years

*Chairman and CEO of Totalenergies, Patrick Pouyanne, and CAF President, Patrice Motsepe Oritsegbubemi Omatseyin Lagos — A day after the TotalEnergies CAF Africa Cup of Nations Morocco 2025 Final Draw, Patrick Pouyanné, Chairman and CEO of […]

SLB opens Angola center for energy collaboration, innovation

SLB has opened its Africa Performance Center in Luanda, Angola. The center will serve as a collaborative hub for industry stakeholders providing access to innovative solutions across digital, Artificial Intelligence (AI), oil and gas, and […]

NNPCL, BUA Group sign agreement on 45mmscf mini-LNG plant

*BUA Group’s Group Executive Director, Kabiru Rabiu, with NNPCL’s Group Chief Legal Officer, Oluseye Alayande, signing the agreement for a 45mmscf mini-LNG plant to be sited in Ajaokuta, Kogi State. Mkpoikana Udoma Port Harcourt — […]

Namibia’s unemployment rate rises to 36.9%

*Section of Windhoek. Windhoek — Namibia’s unemployment rate rose to 36.9% in 2023 from 33.4% in 2018, the statistics office said on Wednesday. The country of about three million people has one of the highest […]

Odfjell Technology signs cooperation agreement with R&D Solutions in Australia

Odfjell Technology, an integrated supplier of well services technology and engineering solutions, has entered into a cooperation agreement with Australia-based energy industry equipment and services provider, R&D Solutions, expanding the company’s presence in Asia Pacific. […]