Katarina Lindström will join Hempel as Executive Vice President & Chief Operating Officer from August 1, 2020 as the coatings manufacturer aims to double in size.As Executive Vice President & Chief Operating Officer (COO), Katarina Lindström will be a member of Hempel’s Executive Management Board…
A consortium of Gasunie, Groningen Seaports, and Shell on Thursday announced plans to build a massive green hydrogen plant in Groningen.The project, dubbed Europe's largest green hydrogen project, and named the NortH2, envisions the production…
Norwegian company Endur has struck a deal with the bankruptcy estate to buy back Endur Industrier, a part of the recently bankrupted Endur Energy Solutions.As previously reported, Endur Energy Solutions, a provider of maintenance, modification…
Oil prices fell over 2% on Thursday, plunging for a fifth day to their lowest since January 2019 as a rise in new coronavirus cases outside China fuelled fears of a pandemic that could slow the global economy and dent demand for crude.Brent crude was down $1…
Norway's sovereign wealth fund, the world's largest, made a 19.9% return on investment last year, earning a record 1.69 trillion Norwegian crowns ($180 billion) as stock markets rallied, it said on Thursday. The $1.1 trillion fund's return for the year was stronger than that of its benchmark index…
UK based oil and gas company Hurricane Energy has said its CFO Alistair Stobie has resigned as Chief Financial Officer and a Director of the Company by mutual agreement with the Board.Although not carrying out his day-to-day responsibilities after today…
Malaysian FPSO leasing company Bumi Armada will appeal a recent court decision in which it lost a case against Woodside concerning an FPSO contract termination from 2016.Woodside terminated the contract in 2016 for the FPSO, which was at the time operating at the Balnaves Field…
Offshore drilling firm Seadrill said on Thursday the recent recovery of rig markets had slowed at the start of 2020, and that discussions with creditors on how to handle its massive debts would continue.The company booked $39 million in adjusted earnings before interest…
Italian oilfield services firm Saipem has signed a memorandum of understanding with the Saudi construction company Abdel Hadi Abdullah Al Qahtani & Sons Company (AHQ). Saipem said Tuesday that the memorandum set the path to towards the creation of a Joint Venture in Saudi Arabia…
U.S. Senator Marco Rubio on Tuesday said he was confident the administration of President Donald Trump will extend a ban on oil and gas drilling off Florida, despite its enthusiasm for opening much of the country's coasts to petroleum development…
Malaysian state oil firm Petronas said on Wednesday its fourth-quarter profit slumped 71%, hurt by impairment costs and lower prices of major products.Petronas said profit after tax for the October-December period fell to 4.1 billion ringgit ($968…
The Chinese oil company CNOOC has, via its European subsidiary, extended a contract for logistics management with ASCO. Under the five-year extension worth over 100 million pounds, ASCO will continue supporting CNOOC Petroleum Europe Limited's North Sea assets…
Uncertainty and unpredictability continue to grip Tanzania's offshore sector as the government keeps international oil and gas exploration and production firms guessing on the outcome of their applications for approval to progress their previously approved projects…
Australian companies Woodside and BHP have agreed to align their participating interests across the WA-1-R (Scarborough) and WA-62-R (North Scarborough) titles containing the undeveloped Scarborough gas field.The alignment will result in Woodside holding a 73…
Italian oil services group Saipem said on Wednesday it expected higher sales this year after it beat its 2019 targets and introduced a dividend for the first time in seven years.But it warned that concerns over the impact of the coronavirus…
Subscribe
