03 January 2024
03 January 2024
Shell, BP, ExxonMobil, TotalEnergies and Chevron handed out $104bn in dividend payments and share buybacks in 2022, with this figure expected to rise for 2023.
The parties signed a memorandum of understanding (MOU), further deepening their partnership following a series of agreements in March 2023.
The contract is for the Sparta semi-submersible floating production unit (FPU).
Iran has rejected all calls to end support for attacks by Houthi rebels on vessels in the Red Sea, causing concerns of a wider regional conflict.
The contract, spanning 1,064 days, is set to commence towards the end of the fourth quarter (Q4) of 2024.
As per the initial announcement in October 2023, the cash and stock deal was valued at $2.1bn.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it will focus on developing oil assets in areas less affected by theft and vandalism.
The Statfjord Area includes the Statfjord Unit, Statfjord Øst Unit, Statfjord Nord and Sygna Unit, with OKEA acquiring significant stakes in each.
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