People & Companies News

 

TIMELINE: Nigerian Offshore Oil Block Deal Scandal

Mar 17, 2021

An Italian court acquitted Royal Dutch Shell and Italy's Eni on Wednesday of corruption in one of the oil industry's biggest court cases centered around the acquisition of a Nigerian oilfield in 2011.Italian prosecutors alleged that most of the $1…

Deb Haaland Confirmed as Secretary of the Interior. Becomes First Native American U.S. Cabinet Secretary

Mar 16, 2021

U.S. Representative Deb Haaland was confirmed on Monday as Secretary of the Interior, becoming the first Native American to lead a cabinet agency and securing a central role in President Joe Biden’s sweeping plans to fight climate change.The U…

Activist Investor Seeks to Remove Ex-CEOs of IBM, Petronas, Caterpillar, MetLife from ExxonMobil Board

Mar 16, 2021

The activist investor leading a proxy fight to reshape Exxon Mobil Corp on Monday named the four directors it wants shareholders to remove at the oil company's upcoming annual general meeting.The investor, Engine No. 1, is a small fund that last year took on the top U…

Tidewater Names CFO, COO

Mar 16, 2021

U.S. offshore support vessel company Tidewater has announced the promotion of two key members of the company’s executive team, Sam R. Rubio and David E. Darling, to the positions of Chief Financial Officer and Chief Operating Officer, respectively…

Noreco Names New Chief Operating Officer

Mar 15, 2021

Oil and gas company Noreco has appointed John Hulme as Chief Operating Officer (COO), effective Monday.'Mr Hulme brings 30 years of global experience in the oil and gas industry. He was most recently Country Manager for Sapura Energy E&P business in Malaysia…

Ørsted Appoints Head of Government Affairs and Policy for New Jersey

Mar 12, 2021

Offshore wind developer Ørsted has appointed Madeline “Maddy” Urbish as Head of Government Affairs and Policy for New Jersey, a state which has set a goal of 7,500 MW of offshore wind energy by 2035.Ørsted said Urbish would be responsible for…

Shell CEO's 2020 Pay Package Drops 42% to $7M

Mar 11, 2021

Royal Dutch Shell Chief Executive Ben van Beurden's pay package dropped by 42% to $7 million in 2020, a year in which the coronavirus pandemic pushed the energy company to a historic dividend cut following a collapse in profits.Van Beurden,…

Brazil: Gov't Adds Two More Nominees for Petrobras Board

Mar 10, 2021

Brazil's state-run oil firm Petrobras said on Wednesday that the government has nominated a further two individuals as potential members of the firm's board of directors, to be voted on at the upcoming extraordinary general meeting.This comes after Petroleo Brasileiro SA…

Brazil: Gov't Nominates Six Petrobras Directors

Mar 08, 2021

Brazil's state-run oil firm Petrobras said on Monday that the government had nominated six individuals as potential members of the firm's board of directors, to be voted on at the upcoming extraordinary general meeting.Five have been nominated…

Valaris Set to Emerge from Bankruptcy as Reorganization Plan Approved

Mar 05, 2021

Offshore drilling company Valaris, the world's largest by fleet size, has received approval from the United States Bankruptcy Court for the Southern District of Texas of its prearranged plan of reorganization, and has agreed with Korea's Daewoo to delay deliveries of two newbuild drillships…

Opinion: Developing an All-energy Workforce for a Net Zero Future

Mar 04, 2021

The transition to a lower-carbon economy, including commitments by the UK and Scottish Governments to achieve net-zero by 2050 and 2045 respectively, coupled with increased urgency around climate action plans leading to COP26 in November, have sent a clear message…

Fifth Petrobras Director to Follow CEO Out

Mar 04, 2021

A fifth board member at Brazil's Petrobras will step down, the company said as of Wednesday, and the state-run oil producer's shares tumbled more than 3% as management turmoil showed no signs of abating.A day earlier, four other board members stepped down at Petroleo Brasileiro SA…

Petrobras: Four Board Members to Step Down Following CEO Ousting

Mar 03, 2021

Four board members at Brazil's Petrobras will step down at the end of their terms, the company said on Tuesday night, another sign of turmoil at the helm of the state-run oil producer.Petroleo Brasileiro SA, as the company is formally known…

BP Names New UK Head and SVP for Europe

Mar 03, 2021

Oil firm BP said Wednesday that Peter Mather, BP’s UK head of country and senior vice president for Europe, would ‎leave the company at the end of the year. Louise Kingham OBE will succeed Mather.Mather has been UK head of country and regional…

Former SBM Offshore Sales Manager Gets Prison Time for Bribery

Mar 02, 2021

A former sales manager of Dutch energy services company SBM Offshore was sentenced on Monday to three-and-a-half years in jail after being convicted by a London jury of bribing public officials to win oil contracts in post-occupation Iraq.Paul Bond…

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