Business & Finance
Maersk Drilling chief financial officer to step down
The chief financial officer (CFO) of Danish offshore driller Maersk Drilling has announced he would leave the company.
NEO Energy wraps up buy of Total’s UK North Sea assets
NEO Energy has completed the acquisition of a portfolio of operated and non-operated assets in the UK North Sea from two Total subsidiaries.
COVID-19 forces AGS to tighten its belt
Ocean bottom node seismic player Axxis Geo Solutions (AGS) said on Monday that it will reduce operations due to significant uncertainty in the market as a result of the COVID-19 crisis. According to the Oslo-listed AGS, this should take place following its current surveys in the North Sea and Egypt.
McMenon appoints regional general manager for Middle East and Asia-Pacific
McMenon Engineering Services has appointed Bipin Nair, who has over 20 years’ industry experience, as regional general manager for the Middle East and Asia-Pacific regions. He was previously with Wika Group in the Middle East for ten years, rising to the position of regional marketing manager. Bipin
KPI Bridge Oil and OceanConnect Marine wrap up merger
Marine fuel broking firm KPI Bridge Oil and oil trading company OceanConnect Marine have formally completed a merger to create a new brand and entity, KPI OceanConnect. The merger, first announced in February 2020, has secured a full regulatory approval, and creates one of the largest independent ma
Eni names new chief financial officer
Italian energy major Eni has appointed a new chief financial officer (CFO) of the company.
IOG picks HSM Offshore for EPCI work on Core Project Phase 1
Independent Oil and Gas (IOG) has awarded the engineering, procurement, construction, and installation (EPCI) contract for its Core Project Phase 1 platforms to Dutch contractor HSM Offshore.
EU backs Spanish LNG bunkering projects
Two Spanish LNG bunkering projects have received financial backing to the tune of €27 million ($31.7 million) from the European Commission.
Prosafe still negotiating with lenders as forbearance agreement expires
Regardless of the recent loan forbearance agreement extension expiring, Prosafe is still in discussions with lenders to find a long-term financial solution which would stabilize operations.
TenneT to raise its annual RE connection investments to up to € 5 billion
TenneT will raise its investment in renewable energy connections to EUR 4 to 5 billion per year, the transmission system operator (TSO) said in a press release from 31 July, also reporting a 30% increase in its investment agenda in the first half of 2020. The TSO, operating in Germany and the Nether
Origin’s LNG revenue dips despite APLNG record production
Australia’s power and gas retailer Origin Energy reported a slip in revenue as Australia Pacific LNG boasted record production in FY2020.
Chevron posts massive $8.3 billion loss
U.S. oil major Chevron hit the red hard as it reported a massive loss of $8.3 billion, or almost $4.5 per diluted share, for the second quarter of 2020.
Airborne Oil & Gas names chief financial officer
Airborne Oil & Gas, a provider of Thermoplastic Composite Pipe (TCP), has promoted William de la Motte to chief financial officer (CFO) following six months as interim finance director. William de la Motte started his career at Dutch trading company Ceteco in the Americas, where he stayed for 13 yea
ExxonMobil posts first consecutive quarterly losses since the mid-80s
Oil major ExxonMobil reported a back-to-back quarterly loss for the first time in over three and a half decades.