Africa-focused Tullow Oil expects a full-year operating cashflow of $600 million, steady from last year, if the oil price averages $60 a barrel for the rest of the year, it said on Wednesday.If oil prices, currently at around $76 a barrel, average $70 for the remainder of the year…
Twenty people working at Shell's Shearwater platform in the UK North Sea have tested positive for Covid-19 since the first case was identified on June 30, 2021, Offshore Engineer understands.According to a source close to the matter, there have been twenty positive cases since June 30…
Malaysia has appointed Mohd Bakke Salleh as the chairman of state energy firm Petroliam Nasional Berhad (Petronas), the prime minister's office said on Monday.The change comes as Petronas is recovering from a demand slump caused by the COVID-19 pandemic…
DNO ASA, a Norwegian oil and gas firm focused on the Middle East and the North Sea, has appointed a new Chief Operating Officer.The company said Monday Chris Spencer would be appointed COO, effective immediately. Spencer joined the Company in…
Blue Water Shipping announced it has hired John O’Keeffe as its new Head of Renewables, Americas, as the Denmark-based transport and logistics company looks to make further inroads into the burgeoning U.S. offshore wind market.O’Keeffe, a former maritime captain with vast experience in the U…
Royal Dutch Shell on Wednesday said it would boost its returns to shareholders via share buybacks or dividends after a sharp rise in oil and gas prices helped it reduce debt.It will increase its distribution to shareholders to 20% to 30% of cash flow from operations beginning in the second quarter…
Oil and gas companies Jadestone Energy and OMV New Zealand have given themselves more time to complete the transaction related to the Maari offshore field in New Zealand.Singapore-based Jadestone in November 2019 agreed to buy OMV's 69% operated interest in the Maari Project for $50 million…
Africa-focused oil and gas company Chariot has appointed David Brecknock to the role of Drilling Manager, to lead the company's planned Anchois gas appraisal well drilling within the Lixus licence, offshore Morocco.The objectives of the drilling…
Norwegian offshore vessel owner Siem Offshore said Tuesday its CFO Dagfinn B Lie had decided to resign.He'll remain with Siem Offshore until September 30, 2021.'The company would like to thank Mr. Lie for his contribution and devotion to the company for the past 14 years…
General Electric Co named Jan Kjaersgaard as the new chief executive of its offshore wind business, effective Monday.He will succeed John Lavelle, who is retiring after 40 years with the company.Kjaersgaard has previously served as the chief executive of Siemens Wind Power Americas…
Aberdeen Renewable Energy Group (AREG) has appointed David Rodger as CEO.The organization said it sought to further develop support to members and increase links with stakeholders to assist net-zero strategies across northeast Scotland and beyond…
The Norwegian Petroleum Directorate said Friday it had hired Aibel's Ole Einar Hass as the head of the office in Harstad. He will start this job on October 1. 2021.Hass has management training from the Norwegian Armed Forces. He worked for the Norwegian Army for 19 years…
U.S. oil major Chevron Corp has no plans to shrink its oil and gas business for wind and solar energy unlike some rivals, Chief Financial Officer Pierre Breber said on Thursday, amid pressure from shareholders to lower carbon emissions.Major…
Polarcus Limited, a seismic surveyor in liquidation, is set to be wound down and delisted from the Oslo Stock Exchange.As previously reported, in January this year, lenders took control of the company's vessels after a debt payment default, and decided to sell them and let go all the employees…
Malaysian oil and gas service provider Serba Dinamik Holdings Bhd must appoint an independent reviewer to address issues raised by the company's external auditor, the national stock exchange said on Wednesday.In May, Serba said auditor KPMG…