Royal Dutch Shell said it will pursue 'at pace' a $7 billion share buyback largely funded from the sale of its U.S. shale business as it faces liquefied natural gas (LNG) outages and slower fuel sales due to the economic hit from Omicron.Shares in Shell, the world's largest trader of LNG, were down 0.32% on Friday after a trading update ahead of its quarterly results on Feb. 3. This compared with a 0…
Energy and telecom cable systems company Prysmian Group announced it finalized the acquisition of the remaining 70% interest in EKSA sp. Z oo (EKSA), following the initial 30% acquired in 2006.EKSA has been a distributor of energy cables for Prysmian Group in Poland since 2002…
Malaysia's securities regulator said it is seeking the arrest of oil and gas services firm Serba Dinamik Holdings' chief executive and has charged company officers with submitting a false statement to the country's stock exchange.In a statement issued on Tuesday…
Dutch dredging, marine and offshore services company Van Oord said it has signed partnership agreements with LexX and Heliorec, two start-ups scouted through the innovation platform PortXL. The signing ceremony took place during the shakedown…
Maersk Training has named David Skov as its new CEO as the firm looks to expand its presence in the worldwide offshore energy and maritime markets.Skov was previously Regional Head of Terminals, Africa & Middle East at APM Terminals, part of A…
Naval architecture and marine engineering firm Vard Marine has informed that Kristin Jovel, its Corporate Business Manager, has been appointed the position of Vice President Business Operations for its North American offices.Jovel joined the…
Norwegian offshore vessel owner Eidesvik Offshore said Thursday its CEO and President Jan Fredrik Meling would as planned, retire from the position at the age of 65 effective December 31, 2021, after more than 16 years in the position.Starting January 1…
Aker Solutions received a Letter of Intent (LOI) for a front-end engineering and design (FEED) contract from Equinor, for the FPSO for the Wisting field development in the Norwegian Barents Sea.Wisting is a greenfield development located in the Barents Sea…
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…
Massachusetts offshore wind developer Mayflower Wind announced it has hired Will Cotta as its supply chain manager.Cotta, who has experience working with the Mass Clean Energy Center and the offshore wind industry, is charged with growing Mayflower’s…
In four decades of climate negotiations, the world has focused intensely and exclusively on the most abundant climate-warming gas: carbon dioxide. This year, scientists are urging a focus on another potent greenhouse gas – methane – as the planet's…
EnerMech announced that Daniel McCarthy has joined the company as its strategic proposals director to help accelerate its planned growth across the business.McCarthy started his 18-year career in the oil and gas, engineering and construction sector at Kentz…
Acteon secured an integrated project with Atlantic, Gulf & Pacific Company (AG&P) for the development of a liquefied natural gas (LNG) import and regasification terminal in Batangas Bay, called Philippines LNG (PLNG). The contract was signed…
Subsea UK is embarking on a new adventure as The Global Underwater Hub, a new organization with already nearly $18 million in funding. ‘The Hub’ aims to leverage the UK’s strong maritime heritage, as well as its underwater expertise that transcends offshore defense and research…
Global miner BHP Group is considering getting out of oil and gas in a multibillion-dollar exit as it looks to speed up its retreat from fossil fuels, Bloomberg News reported on Tuesday, citing people familiar with the matter.The world's biggest…
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