ExxonMobil Chief Executive Darren Woods received $36.9 million in total compensation for 2023, up nearly 3% from a year earlier, the oil major said in a regulatory filing on Thursday.And in proxy filing ahead of its May 29 annual meeting of shareholders…
U.S. oil major Chevron's CEO Michael Wirth was paid $26.5 million in 2023, a 12.2% boost from the prior year and above the median pay raise for employees, a securities filing showed on Wednesday.The numbers show an increased gap between compensation for executives and Chevron's 45…
The EU will investigate subsidies received by Chinese suppliers of wind turbines destined for Europe, in the bloc's latest move to shield domestic firms from cheap clean tech products.The European Commission will look into conditions for the development of wind parks in Spain…
Marine fuel services and solutions provider KPI OceanConnect has completed its first simultaneous operation of LNG bunkering in Singapore.KPI OceanConnect conducted the operation for MSC Mediterranean Shipping Company’s Monica Cristina vessel in Singapore…
Ithaca Energy has been given a four-week exclusivity period by Italy's Eni to make an offer for UK exploration and production assets that could expand its output massively, the London-listed company said on Wednesday.Buying those assets, including those of Eni's recently acquired Neptune Energy…
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since mid-January, energy services firm Baker Hughes BKR.O said in its closely followed report on Thursday.The oil and gas rig count…
The U.S. Interior Department on Tuesday approved the country's eighth commercial-scale offshore wind project, which will be built off the coast of Massachusetts, bringing online electricity to power more than 900,000 homes.The approval for Avangrid’s New England Wind Project brings the U…
The Oil Companies International Marine Forum (OCIMF) has published an updated information paper, Guidelines for the Control of Drugs and Alcohol in the Maritime Industry (2024).The paper aims to provide general guidance and recommendations for the maritime industry (operators of tankers…
Exxon Mobil Corp on Wednesday said it filed a contract arbitration claim disputing Hess Corp's proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp's pending deal for the assets.The arbitration case seeks to…
Italy's Eni said on Thursday it would embrace transition by creating separate units specialising in carbon capture and bio chemicals, adding to already existing renewable energy and biofuel subsidiaries.The four units would eventually attract…
International subsea specialist Sulmara has secured a contract from Stromar, a joint venture between Ørsted, BlueFloat Energy and Renantis, to work on the 1 GW floating offshore wind farm in Scotland.Under the contract, Sulmara will conduct site characterization for the project using Vos Gorgeous…
Exxon Mobil CEO Darren Woods on Monday said his company is trying to establish it has rights over Hess Corp's Guyana assets in its dispute with Chevron, not buy the company itself.In his first public remarks on the company's pursuit of an arbitration…
U.S. oil producer Hess said on Thursday it was reviewing the timeline for closing its merger with Chevron, after oil major Exxon Mobil signaled a potential counter offer for Hess's Guyana assets.Exxon on Wednesday filed a contract arbitration…
Shares of Brazil's state-run oil company Petrobras plunged more than 11% in opening trading in Sao Paulo on Friday, after the firm's dividend frustrated investors and triggered analyst downgrades.In a fourth-quarter earningsrelease late on Thursday…
Renantis and BlueFloat Energy have submitted the Environmental Impact Assessment (EIA) for Kailia Energia floating wind farm, the second offshore wind project being developed in Italy by the partners.Kailia Offshore Wind Project will be located off the coastline between Brindisi and San Cataldo…
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