Business & Finance
Shell closes farm-in deal for two UK licences with Egdon
Shell has completed a farm-in agreement with Egdon Resources in respect of two offshore licences, which contain the Resolution and Endeavour gas discoveries off the UK.
Noble Energy shareholders get the date for Chevron merger vote
Noble Energy has scheduled a special meeting of shareholders for the approval of its merger with Chevron following the clearance of one of the regulatory hurdles.
SBM Offshore moves to sell DSCV SBM Installer
Dutch SBM Offshore is preparing to sell the DSCV SBM Installer by acquiring the entire stake in a company holding the vessel, which is jointly owned with Ocean Yield.
Former Repsol Sinopec boss to take the helm at Ithaca Energy
Ithaca Energy, a North Sea focused oil and gas operator, has appointed a new chief executive officer (CEO).
Pharos COO takes Hurricane Energy chief executive role
London-listed oil explorer Hurricane Energy has named a new chief executive officer (CEO) of the company.
Maersk Drilling picks up another extension from Aker BP
Danish offshore drilling company Maersk Drilling has won another one-well contract from Aker BP for the Maersk Integrator low-emission rig.
Valaris declares Chapter 11 bankruptcy
Valaris, offshore drilling contractor with the world’s largest fleet, has filed for bankruptcy protection in an attempt to restructure its debt.
COSL rig to drill wells off Norway for Chrysaor
Offshore drilling contractor COSL has signed a drilling rig contract with oil company Chrysaor, formalising a letter of intent signed for the rig in July.
Buss Energy acquires stake in Austrian drone inspection provider
Buss Energy Group has acquired a 24.9 per cent stake in Aero Enterprise, an Austria-based provider of drone inspections for offshore and onshore wind turbines. The German company said it had already expanded its portfolio last year by purchasing two companies and that adding drone inspection service
Stohle takes over as Hoegh LNG Partners CEO
The boss of Norwegian floating LNG player Hoegh, Sveinung Stohle, will take over as chief executive for the firm’s New York-listed limited partnership as part of a management reshuffle. Under the move, Hoegh’s finance chief Havard Furu, will also become the partnership’s CFO. To remind, this follows
Turan Drilling & Engineering scoops more work with BP in Azerbaijan
Turan Drilling & Engineering Company, a KCA Deutag and SOCAR AQS company, has been awarded a contract amendment to manage procurement, maintenance and warehousing activities by BP’s subsidiary in Azerbaijan.
Odfjell gets 1st Chief Sustainability Officer
Norwegian shipping and tank terminal company Odfjell SE has appointed Øistein Jensen as the company’s first Chief Sustainability Officer (CSO). Jensen, currently Chief of Staff, will lead Odfjell SE’s company-wide work on environmental, social and governance matters (ESG). “Our appointment of a Chie
Maersk defies COVID-19 impact with strong Q2 results, lifts profit outlook
A.P. Moller – Maersk managed to improve profitability across all businesses in the second quarter of 2020 despite a sharp drop in global volumes following the COVID-19 crisis. Earnings before interest, tax, depreciation, and amortisation (EBITDA) improved to $ 1.7 billion, beating initial expectatio
Lundin promotes COO to chief executive officer role
Swedish oil company Lundin Energy has named a new president and chief executive officer (CEO) effective as of 1 January 2021.