Italy's Eni and Norway's HitecVision completed the sale of a 5% stake in Norwegian oil firm Vår Energi worth $530 million, the Italian energy group said on Thursday.Vår Energi, whose shares dropped 9% in morning trade, listed in February and…
Workers on Shell Plc's Prelude floating liquefied natural gas (FLNG) facility off Western Australia are set to begin 12 days of industrial action on Friday over a pay fight, a union alliance said on Thursday.Shell did not comment on what impact…
More than one in ten Norwegian offshore oil and gas workers plan strike action from Sunday if state-brokered wage mediation fails, a Reuters calculation based on labor union data showed on Tuesday.A strike by 845 of Norway's roughly 7,500 offshore…
Pedro Azagra Blázquez has officially assumed the role of Chief Executive Officer of Avangrid, a U.S. subsidiary of the Spanish renewables giant Iberdrola.Avangrid, which is building the first major offshore wind farm in the U.S., said that Azagra…
A third man jailed in Britain for bribery over oil deals in Iraq is appealing his conviction after two co-defendants had guilty verdicts quashed in the case prosecuted by the UK Serious Fraud Office (SFO).A lawyer for Stephen Whiteley, a 66…
Impact Oil & Gas is considering selling its 20% stake in a large block in deep water off the coast of Namibia where TotalEnergies made a significant oil discovery this year, four industry sources told Reuters.Impact, which is privately owned and focused on exploration in Africa…
Some 74 members of Norway's Lederne oil and gas labor union plan to go on strike from June 12 onwards if state-brokered mediation with employers fail, and would likely force a reduction of oil output, the trade union said on Friday.Gas production should remain unaffected however…
At least 647 Norwegian oil workers plan to strike from June 12 if state-brokered wage mediation fails, labour unions said on Friday, putting some crude output at risk of shutdown although gas may not be affected.Workers are seeking above-inflation…
Tenaris SA , a global manufacturer of steel pipes, said on Thursday it will pay $78.1 million to resolve U.S. probes into its alleged payment of bribes to win business from Brazil's state-owned oil company Petrobras.The Luxembourg-based company will pay a $25 million civil fine plus $53…
Philippe Barril, Chief Transition Officer (CTO) of FPSO specialist SBM Offshore, has decided to step down from SBM Offshore to become the CEO of the Dutch offshore installation firm Heerema Marine Contractors on September 1, 2022. Barril was…
Offshore drilling contractor Valaris announced on Thursday that Christophe Raimbault, Vice President and interim Head of Marketing will take on a new role as Vice President - Sustainability and New Energy.Valaris President and Chief Executive Officer…
Blue Offshore Group, a company based in the Netherlands, ha appointed Henk van den IJssel as the new managing director. He will succeed Evert-Jan van Wijk as per the first of June 2022. Following Henk van den IJssel’s appointment, Evert-Jan…
Jim Milne, Chairman and Managing Director of Balmoral Group, was awarded the honor of Knight Bachelor in the Queen’s Birthday 2022 Honours List for services to business and charity, and is now officially Sir James S Milne CBE, DL, DHC, Hon DBA…
Brazilian President Jair Bolsonaro, seething about fuel prices as his poll standings slip ahead of October's presidential election, has intensified his calls to shake up the board and management of state-run oil company Petrobras.But it will…
Tenaris, a company manufacturing pipes and related services for the global energy industry, has informed that an Italian court has dismissed a case against Tenaris’s Chairman and Chief Executive Officer and two other Board members over allegedly improper payments in Brazil…
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