People & Companies News


Shell Posts Record Profit on High Energy Prices and Trading Boost

May 05, 2022

Shell reported on Thursday a record first-quarter profit of $9.13 billion, boosted by higher oil and gas prices, stellar refining profits and the strong performance of its trading division.Shell joins sector rivals, including BP and TotalEnergies in making big profits from the commodity price volatility stoked by Russia's invasion of Ukraine that began on Feb. 24. It achieved the highest quarterly profits since 2008 even after writing down $3…

Bahrain State Oil Company to Appoint Financial Adviser, CEO Says

May 17, 2022

Bahrain's state oil firm nogaholding is in final talks to appoint a strategy consultant and financial adviser, its chief executive said on Monday, as the indebted country seeks to capitalize on high energy prices and sell or lease out assets…

Weatherford CFO Jennings to Leave in July

May 16, 2022

U.S. oilfield services company Weatherford International announced Monday that H. Keith Jennings, Executive Vice President and Chief Financial Officer, would leave the company on July 31, 2022. '[Jennings'] leaving the company is not the result…

OMV Won't Extend Deputy CEO Pleininger's Contract

May 16, 2022

OMV will not extend Deputy Chief Executive Johann Pleininger's contract, which is due to expire on Aug. 31 next year, the Austrian energy group said on Saturday, confirming media reports.Austrian newspaper Kurier said OMV's supervisory board…

Brazil New Energy Minister Call For Studies on Petrobras Privatization

May 13, 2022

Brazil's newly appointed mines and energy minister, Adolfo Sachsida, said on Wednesday he will request studies on Petrobras' privatization as his first act in office.'I request the beginning of the studies pending the proposal of the legislative changes necessary for the Petrobras' privatization…

Noreco CFO Assumes CEO Role, Too

May 13, 2022

Norwegian Energy Company (Noreco) has appointed Euan Shirlaw as chief executive officer.Shirlaw has been the Chief Financial Officer of the company since Noreco's acquisition of Shell’s upstream assets in the Danish Underground Consortium (the “DUC”) in 2019…

Brazil: Bolsonaro Removes Albuquerque as Mines and Energy Minister

May 11, 2022

Brazilian President Jair Bolsonaro removed Bento Albuquerque from his role as mines and energy minister early on Wednesday, according to an announcement in an official gazette, and Economy Ministry official Adolfo Sachsida will replace him.Albuquerque…

Saipem Eyes 2B Euro Capital Hike in Summer - CEO to Paper

May 10, 2022

Italian energy services group Saipem is working to bring forward a planned 2 billion euro ($2.12 billion) capital increase and carry it out in the summer, CEO Francesco Caio told Il Sole 24 Ore in an interview published on Tuesday.The capital…

Dolphin Drilling Names VP of Marketing as It Targets North Sea Growth

May 09, 2022

Harsh environment offshore drilling services provider Dolphin Drilling has appointed Michael Boyd to the role of VP of Marketing, as the firm eyes further growth and boosts its presence in the North Sea market.Boyd, who first joined Dolphin…

Prysmian Group Launches Share-incentive Plan for 25,000 Employees

May 06, 2022

Italian energy and telecom cable maker Prysmian Group has launched what it says is an innovative share-based variable remuneration and profit-sharing plan in company shares, aimed potentially at more than 25,000 employees between blue and white collar workers of the Group…

U.S. Offshore Wind: RWE Renewables Names Head of Offshore Development (East)

May 05, 2022

Germany-based renewable energy company RWE Renewables has appointed Katie Theoharides as Head of Offshore Development (East) in its offshore wind team in the U.S.Theoharides comes to RWE from her position as Secretary of Energy and Environmental…

Höegh LNG Names New President & CEO

May 05, 2022

Oslo-listed LNG FSRU specialist Höegh LNG has appointed Erik Nyheim as the new President & CEO, effective from mid-August this year.Nyheim comes from the position as Partner of Boston Consulting Group's Norwegian office where he has successfully led their maritime practice since 2019…

Norway Oil Firms and Labor Unions Seek Mediation to Avert Strike as Wage Talks Break Down

May 05, 2022

Wage talks between Norwegian oil firms and three labor unions broke down on Wednesday and will switch to state-led mediation in a bid to prevent strike action by workers, the unions and companies said.If Norway's government-appointed mediator is unable to broker a deal…

Siemens Gamesa Names Dawidowsky COO

May 04, 2022

Wind turbine maker Siemens Gamesa has appointed Tim Dawidowsky as its Chief Operating Officer.The company is hoping Dawidowsky's expertise in supply chain management, procurement, and prodject management will help alleviate issues flagged last month when Siemens Gamesa pulled its 2022 guidance…

Bilfinger UK Expands Offshore Wind Team

May 03, 2022

UK-based engineering and maintenance contractor Bilfinger UK has made three appointments to its offshore wind team in Great Yarmouth, growing the business’s Southern North Sea presence for projects in the UK and Denmark.The company has appointed a business development consultant…

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