Germany confirmed the nationalization of struggling gas importer Uniper at a cost of 8 billion euros ($7.9 billion) on Wednesday as it scrambles to secure power for Europe's largest economy after Russia cut back supplies.Nationalizing Germany's…
Brazilian oil company Petrobras' Chief Executive Caio Paes de Andrade has been diagnosed with cancer, local media reported.The executive has started treatment to fight a head and neck carcinoma, according to the reports, citing a Petrobras internal statement…
Edward Heerema, founder and president of the offshore installation services firm Allseas, has decided to step aside after nearly forty years at the helm. His eldest son Pieter will assume the role of president of the Allseas Group. According to Allseas…
Offshore drilling rig contractor Dolphin Drilling has confirmed that it will be activated on the Euronext N-OTC list as of Thursday, September 15, 2022.The listing is the first step towards a public listing of the Company on Euronext Growth Oslo by the end of October…
Shell named Wael Sawan, head of its integrated gas and renewables division, on Thursday as the group's chief executive officer, replacing Ben van Beurden, with the energy major at the cusp of a transition to cleaner energy.Sawan, 48, currently oversees Shell's growth into low carbon energies…
DNV has informed that Michele Tihami has rejoined DNV as Head of Ventures, Scaling, and Partnerships to bolster the innovation and growth expertise of the company. In this role Tihami will focus on developing merger opportunities for the Energy Systems business area in DNV…
Shell has turned to the head of its gas and renewables business to drive its transition to a lower-carbon future, picking Wael Sawan to replace Ben van Beurden as chief executive. Sawan's appointment comes at a pivotal time for the oil giant…
Twin Brothers Marine (TB), which is in heavy steel fabrication for the oil & gas, infrastructure and renewables industries, appointed Wayne P. Theriot as vice president of finance.Theriot will be based in Louisiana and joins TB from TTMK Holdings…
Africa-focused Tullow Oil said on Wednesday it would stick to the current form of its plan all-share merger plan with Capricorn Energy CNE.L, shrugging off criticism from some Capricorn investors who say the deal undervalues the company.Capricorn's board supports the merger…
Africa-focused Tullow Oil said on Monday it would exit Ireland's Euronext Dublin bourse on or around Oct. 10 to cut costs.'It is anticipated the delisting will simplify compliance and regulatory obligations of Tullow and is in line with an overall objective to reduce central costs and its purpose…
Oilfield services firm Halliburton Co said on Thursday it has completed the sale of its Russia operations and no longer operates in the country.In March, Halliburton suspended its operations in the country in response to U.S. sanctions over…
Croatian oil and gas company INA said on Wednesday Sandor Fasimon, president of INA's management board, is to step down from his post.Last month, Croatian authorities accused an organised crime gang of defrauding INA of 1 billion kuna ($131…
Equinor has completed its exit from Russia, the Norwegian energy group said on Friday, delivering on a promise made after Russia's invasion of Ukraine in February.This marks the first full, orderly exit from Russia by an international oil and gas company as pressure to leave mounts on others…
UK-based subsea equipment rental and solutions specialist Ashtead Technology has named Bob Gillespie as Commercial Director. Gillespie most recently worked for the Norwegian offshore installation services firm Havfram where he was UK Managing Director…
Shell has shortlisted four candidates to succeed Chief Executive Ben van Beurden who is preparing to step down next year after nearly a decade at the helm of the giant energy firm, two company sources told Reuters.During his tenure, van Beurden…
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