TotalEnergies has agreed to sell a 40 per cent stake in two exploration licences offshore Nigeria to Chevron, marking a renewed wave of portfolio realignments. The company said on Monday that the divestment covers the PPL 2000 and 2001 licences Read More
Lokpobiri pledges support for Nigerian oil and gas firms
Nigeria’s Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has reaffirmed the importance of strong support services in the oil and gas sector, pledging government backing for indigenous companies. During a tour of Caverton’s Maintenance, Repair, and Overhaul (MRO) Read More
Oil majors record $37 billion cash flow, biggest in 14 years
ExxonMobil, Chevron, BP, Shell, and TotalEnergies have hit their biggest free cash flow in the last 14 years as the super majors posted combined earnings of $37 billion in three months. The post Oil majors record $37 billion cash flow, Read More
Oil majors’ earnings improve on rising prices, demand
Optimistic expectations about demand from OPEC+ and rebalancing fuel inventories in the United States have aided the steady rise in oil prices, as well as recovery of many oil majors to profitability in the first quarter. The post Oil majors’ Read More