People And Companies News


Global Oil Giants Rake in Massive Profits in Third Quarter

Oct 28, 2022

Global oil-and-gas giants including Exxon Mobil, Chevron, and Equinor, posted huge profits in the third quarter, benefiting from surging energy costs that have boosted inflation around the world and hit consumers hard. Oil companies booked billions of dollars in profits as prices for crude, natural gas and fuels like gasoline hovered near record levels during the quarter. Global supplies remain tight due to output cuts stemming from the COVID-19 pandemic…

Tullow Oil Sticks to Capricorn Merger Plans, $200M Cashflow Guidance

Sep 14, 2022

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…

Shell to Stop Paying Prelude LNG Workers from Monday as Industrial Action Extended

Jul 20, 2022

Shell Plc on Wednesday told workers at its Prelude floating liquefied natural gas (FLNG) facility it would stop paying them as of Monday after they extended industrial action for two more weeks over a long-running wage dispute.Shell last week began shutting down the 3…

Ex-BP Upstream Head to Become APA Chairman

Jul 15, 2022

Oil and gas company APA Corporation has elected Lamar McKay as the next chairman of the board. McKay's election follows the announcement by current chairman John E. Lowe of his decision to retire. Following a transition period, the change will be effective Sept…

North Sea Transition Authority Names New CEO

Jul 13, 2022

UK-based North Sea Transition Authority (NSTA), a government body responsible for regulating and influencing the oil, gas, and carbon storage industries, appointed Stuart Payne as its new Chief Executive.Payne, who currently serves as NSTA Supply Chain…

Norway Strike Could Cut Gas Output by 13%

Jul 04, 2022

A planned strike [this week] by Norwegian energy sector workers could cut the country's gas output by 292,000 barrels of oil equivalent per day, or 13% of output, employers' group the Norwegian Oil and Gas Association (NOG) said on Sunday.Oil output could be cut by 130…

Deirdre Michie to Step Down as Offshore Energies UK CEO

Jul 01, 2022

Deirdre Michie OBE has decided to step down as Chief Executive of Offshore Energies UK, formerly known as Offshore Oil and Gas UK (OGUK).Michie will hand over the reins at the end of the year after almost eight years at the helm of the offshore energy industry trade body in the UK…

Norway: Lederne Oil Workers Reject Wage Deal

Jun 30, 2022

Members of the Lederne labour union representing Norwegian oil workers have voted against a wage deal negotiated with oil companies, a state-appointed mediator said on Thursday.It was not immediately clear if Lederne's members would go on strike as a result of the vote…

Norway Oilfield Services Workers Agree Wage Deal, Averting Strike

Jun 23, 2022

Two Norwegian labour unions have signed new wage deals with oil service companies, the unions said on Thursday, preventing a strike among workers.Some 646 members of the Safe and Industri Energi unions had threatened to go on strike at companies such as Schlumberger…

Brazil Selects Gileno Gurjao Barreto as Petrobras Chairman

Jun 10, 2022

The Brazilian government selected Gileno Gurjao Barreto on Thursday as its nominee to chair state-run oil giant Petrobras' board.The Mines and Energy Ministry also confirmed Caio Mario Paes de Andrade as its nominee to be Petrobras' chief executive…

Some 11% of Offshore Oil Workers in Norway Threaten to Strike

Jun 07, 2022

More than one in ten Norwegian offshore oil and gas workers plan strike action from Sunday if state-brokered wage mediation fails, a Reuters calculation based on labor union data showed on Tuesday.A strike by 845 of Norway's roughly 7,500 offshore…

Third Unaoil Bribery Offender Launches Appeal Against Conviction

Jun 06, 2022

A third man jailed in Britain for bribery over oil deals in Iraq is appealing his conviction after two co-defendants had guilty verdicts quashed in the case prosecuted by the UK Serious Fraud Office (SFO).A lawyer for Stephen Whiteley, a 66…

Norway Oil and Gas Workers Threaten Strike

Jun 03, 2022

At least 647 Norwegian oil workers plan to strike from June 12 if state-brokered wage mediation fails, labour unions said on Friday, putting some crude output at risk of shutdown although gas may not be affected.Workers are seeking above-inflation…

Steel Pipe Maker Tenaris Pays $78.1M to Resolve U.S. Bribery Probes

Jun 03, 2022

Tenaris SA , a global manufacturer of steel pipes, said on Thursday it will pay $78.1 million to resolve U.S. probes into its alleged payment of bribes to win business from Brazil's state-owned oil company Petrobras.The Luxembourg-based company will pay a $25 million civil fine plus $53…

SBM Offshore's Chief Transition Officer to Take Over as Heerema Marine Contractors' CEO

Jun 03, 2022

Philippe Barril, Chief Transition Officer (CTO) of FPSO specialist SBM Offshore, has decided to step down from SBM Offshore to become the CEO of the Dutch offshore installation firm Heerema Marine Contractors on September 1, 2022. Barril was…

Current News

Eni Pens $8b Libya Offshore Gas Deal

Eni Pens $8b Libya Offshore Gas Deal

TotalEnergies, Partners to Start Drilling Offshore Lebanon in Q3 2022

TotalEnergies, Partners to Start Drilling Offshore Lebanon in Q3 2022

New Petrobras CEO Says to Drive Energy Shift while Expanding Oil and Gas

New Petrobras CEO Says to Drive Energy Shift while Expanding Oil and Gas

Aker BP Awards Edvard Grieg EPCI Contract to Moreld Apply

Aker BP Awards Edvard Grieg EPCI Contract to Moreld Apply

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