The UK-based energy giant, which is a co-venturer in the exploration license via its 50/50 company with Italy’s Eni, Azule Energy, can confirm the preliminary results of the Volans-1X exploration well, as reported by operator Rhino Resources earlier this month.
The world’s biggest meat and dairy companies are responsible for emitting more climate-warming methane than all of the countries in the European Union and United Kingdom combined, according to a new assessment published Monday.
Hachichi, who took office in October 2023, has been replaced by Noureddine Daoudi. Daoudi was installed in his new role during an official ceremony by Minister of Hydrocarbons and Mines, Mohamed Arkab.
The company is has started considering bids from potential buyers, according to a statement posted on its website late on Monday. The divestment process is being conducted under a wind-down license from the US Treasury’s Office of Foreign Assets Control, which Lukoil said it could ask to be extended “to ensure uninterrupted operations of its international assets.”
As the sole contractor delivering such a program in Namibia, TechnipFMC has taken a pioneering role in bridging academia and industry to cultivate the next generation of engineering talent. The program welcomed 25 students from diverse engineering disciplines – including Metallurgy, Electrical, Mining, Chemical, Civil, and Mechanical – with an outstanding 51% female participation, reinforcing our dedication to gender inclusion and workforce diversity.
The initiative, dubbed STEM Clinic, is designed to spark curiosity and build confidence among young learners — particularly girls. This year’s edition engaged over 500 female students from the Ahanta West Municipality in the Western Region over a two-week period, equipping them with practical scientific skills and inspiring them to envision careers in science and technology.
Eni has finalized the sale of a 30% interest in Côte d’Ivoire’s Baleine offshore project to Vitol, reshaping the partnership structure of the country’s flagship oil and gas development. Following the deal, Eni retains a 47.25% stake as operator, Vitol holds 30%, and state-owned Petroci controls 22.75%.
The Term Facility provides up to $250 million to be used for the repayment of the Company’s outstanding unsecured notes. The Term Facility is structured in two tranches, with the first tranche of $150 million to be drawn at close and used to partially redeem the Company’s outstanding 2026 unsecured notes ($250 million outstanding). A second tranche of $100 million is available for drawing until April 1, 2026. The Term Facility has an interest rate of SOFR + 3.75%, is secured against the Borrower’s assets in the Gulf of America and has a final maturity date of four years after closing.
Total reserves of 113.8 mmboe as of 30 June 2025 compare with total reserves of 128.5 mmboe as of 31 December 2024, both excluding Gabon. The reduction reflects 7.4 mmboe of production and revisions associated with production performance during 1H 2025 of 7.3 mmboe (Jubilee 6.3 mmboe and TEN 1.0 mmboe).
The Centre for Environmental Management and Sustainable Energy (CEMSE) on Oct. 24 proposed that TOR adopt a “tolling” system, where the refinery no longer buys crude oil directly. Instead, a private partner would supply and retain ownership of the crude, market the refined products, and pay TOR a fixed fee for its processing services.