People And Companies News

 

Petrofac to Plead Guilty in Bribery Case

Sep 24, 2021

Oilfield services giant Petrofac said Friday it had struck a plea agreement with the UK Serious Fraud Office (SFO) in relation to its investigation into the company's historical use of agents in the Middle East.Following requisition by the UK's Serious Fraud Office (SFO), Petrofac attended Westminster Magistrates’ Court where the company was charged with seven separate offenses of failing to prevent bribery between 2011 and 2017…

MMT Names Interim CEO

Oct 11, 2021

Sweden-based subsea survey and inspection firm MMT, part of Ocean Infinity, has appointed Sara Båth-Dahlström as CEO. Båth-Dahlström, who takes over on an interim basis, from Per-Olof Sverlinger, has been with MMT since 2019.MMT was acquired by Ocean Infinity earlier this year…

Miclyn Express Offshore Names New CEO

Sep 28, 2021

Singapore-based offshore vessel operator Miclyn Express Offshore (MEO) has appointed Darren Ang as CEO. Ang, who took over as CEO from Diederik DeBoer, has been with the company for 22 years.Prior to becoming CEO, Ang served as Deputy Chief Executive Officer…

Ithaca Energy CEO Passes Away

Sep 22, 2021

UK North Sea-focused oil and gas firm Ithaca Energy has announced the death of Bill Dunnett, Chief Executive Officer.Dunnett passed away last Tuesday peacefully at home with his family.Gilad Myerson, Executive Chairman, has been acting as Interim…

BP's Renewables Boss Sanyal Quits

Sep 14, 2021

BP's head of low carbon and natural gas Dev Sanyal will leave the energy company at the end of the year, BP said on Tuesday, an unexpected departure at a time when BP seeks to rapidly grow its renewables business and shift away from oil.Sanyal…

Ex-RWE Renewables CEO Joins BP

Sep 14, 2021

Oil major BP has appointed Anja-Isabel Dotzenrath, former CEO of RWE Renewables, as its new executive vice president, gas and low carbon energy, and member of BP’s leadership team. Dotzenrath, who resigned from RWE in August, will join BP on March 1…

TGS CFO Amundsen Resigns, Replacement Named

Aug 16, 2021

Fredrik Amundsen has resigned from his position as CFO of TGS, a Norwegian oil and gas seismic data company.Amundsen had been the CFO since February 2020, having previously served as Executive Vice President (EVP) Europe at TGS.'The company…

Blinken Names Energy Security Advisor to Tackle Nord Stream 2 Risks

Aug 11, 2021

U.S. Secretary of State Antony Blinken on Tuesday appointed former diplomat Amos Hochstein as a senior advisor for energy security to work on the fallout from the Russia-backed Nord Stream 2 pipeline, among other energy issues, according to a statement…

Shell's 2Q Profit Jumps to Two-year High

Jul 29, 2021

Royal Dutch Shell boosted its dividend and launched a $2 billion share buyback program on Thursday after a sharp rise in oil and gas prices drove second-quarter profits to their highest in more than two years.As profits across the industry recovered…

Equinor's 2Q Profit Rises

Jul 28, 2021

Norway's Equinor posted a sharp increase in second-quarter profit on Wednesday as prices of oil and gas rose, but its earnings fell short of expectations as its Norwegian unit missed forecasts.Adjusted earnings before tax rose to $4.64 billion…

North Star Renewables Names SOV Operations Director

Jul 26, 2021

Aberdeen-based offshore wind vessel firm North Star Renewables has named Steve Myers as SOV operations director.As part of this newly created role, Myers, who most recently worked for wind turbine maker Siemens Gamesa Renewables, will oversee…

Santos Sees Revenue Jump, Raises Output Forecast

Jul 22, 2021

Australia's Santos Ltd increased the lower end of its annual production outlook on Thursday and reported a 37% jump in second-quarter revenue, helped by higher prices and increased demand for natural gas.The country's second-largest independent…

Swiger to Retire from ExxonMobil after 43 Years. Mikells to Become SVP, CFO

Jul 19, 2021

Andrew Swiger, senior vice president of Exxon Mobil Corporation, has announced his intention to retire effective September 1, after more than 43 years of service. The board of directors has elected Kathryn Mikells, a former executive with Diageo…

DNO Names Spencer as New COO

Jul 12, 2021

DNO ASA, a Norwegian oil and gas firm focused on the Middle East and the North Sea, has appointed a new Chief Operating Officer.The company said Monday Chris Spencer would be appointed COO, effective immediately. Spencer joined the Company in…

Shell to Hike Shareholder Returns After Sharp Rise in Oil Price

Jul 07, 2021

Royal Dutch Shell on Wednesday said it would boost its returns to shareholders via share buybacks or dividends after a sharp rise in oil and gas prices helped it reduce debt.It will increase its distribution to shareholders to 20% to 30% of cash flow from operations beginning in the second quarter…

Current News

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Charter Extension for Solstad's Platform Supplier

Charter Extension for Solstad's Platform Supplier

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