Shell delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices after Russia's invasion of Ukraine allowed it to hand shareholders unprecedented returns. The British company's record earnings…
Ireland-based oil company Barryroe Offshore Energy has confirmed the appointment of Alan Curran as Chief Executive. Curran has held the role of Interim Chief Executive since July 4, 2022.Also, the company, previously known as Providence Resources…
Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are…
The new Chief Executive of Brazil's Petrobras, Jean Paul Prates, has picked geologist Mario Carminatti to head the oil company's exploration and production division, people with knowledge of the information said on Friday.As the company's chief geologist…
Danish energy industry services firm Semco Maritime has signed a new framework agreement with the Norwegian energy giant Equinor for the provision of temporary staffing services for offshore nurses on the Norwegian Continental Shelf.Semco Maritime…
Colombian majority-state-owned energy company Ecopetrol on Thursday said Chief Executive Felipe Bayon will leave his post on March 31, following more than five years in the position. Bayon's departure represents a shake-up for Colombia's biggest…
Offshore drilling firm Seadrill has appointed Ana Zambelli as a new board director.Zambelli has more than 20 years of experience in the energy services sector in operational, commercial and finance roles. She served as Chief Commercial Officer at Maersk Drilling…
The chief executive of Italy's Eni Claudio Descalzi is on course to secure Prime Minister Giorgia Meloni's backing for an unprecedented fourth term at the top energy group, sources told Reuters.Another three years in office would make Descalzi…
Capricorn shareholders should vote to remove its chief executive and six other directors from the board on Feb. 1, shareholder proxy adviser Institutional Shareholder Services (ISS) has recommended in a document seen by Reuters on Thursday. The…
Offshore construction company Havfram Subsea said Thursday it was taking back its Ocean Installer name.The company's subsea business was known as Ocean Installer from the company's inception in 2011, with the 2020 name change reflecting its diversification into the offshore wind industry…
The British North Sea's biggest oil and gas producer Harbour Energy told its staff that it plans job cuts in the wake of a windfall tax imposed on the sector last year, the company said on Wednesday.The jobs would be cut in Harbour Energy's headquarters in the North Sea hub of Aberdeen…
Swift Anchors, a UK-based company that develops anchoring solutions for the global offshore energy (floating wind, floating solar, tidal and wave) and aquaculture industries, is looking for new engineers to join its team. The company said that…
BASF will take a 7.3 billion euro ($7.9 billion) writedown as its Wintershall Dea energy business pulls out of Russia, the German chemicals giant said, triggering a net loss for 2022 and sending its shares lower. Wintershall Dea has deep ties to Russia…
The West's top energy firms are expected to rake in a combined record profit of $200 billion from a turbulent 2022 marked by huge volatility in oil and gas prices after Russia's invasion of Ukraine with buoyant earnings likely to roll through 2023…
Scana, an Oslo-listed maritime and offshore services provider, said Thursday evening that its CEO Styrk Bekkenes had resigned, along with the company's chairman and two board members.The Scana board has decided to appoint Oddbjørn Haukøy as interim CEO…