Austrian oil and gas company OMV has appointed Alfred Stern (56) as the new Chairman of the Executive Board and CEO of OMV. He will assume the position with effect from September 1, 2021, for a three-year period with an extension option for a further two years subject to mutual consent…
Oil and gas firm Tullow Oil said Wednesday that Dorothy Thompson CBE, Non-Executive Chair, had decided to step down from Tullow's Board.'A search process to find a new Chair has been launched and is expected to conclude towards the end of the summer…
Torger Rød has officially taken over as the new CEO of the Norwegian oil and gas company Vår Energi, the firm said Tuesday.He was elected as the new CEO back in January after Var Energi CEO Kristin F. Kragseth accepted the position as CEO of Petoro…
UK-based subsea research and development institute NSRI is set to become part of Subsea UK.The organization, originally set up as a focal point for subsea research and development, has been working more closely with Subsea UK for the last six…
Offshore drilling company Seadrill Limited said Monday that Glen Ole Rødland had informed it he would be stepping down from the Board 'with immediate effect.'Glen Ole Rødland has been Chairman at Seadrill since November 2019. 'The Board would…
Rating agency Moody's said on Friday that the credit risk of major oil producers has increased with recent events including Royal Dutch Shell losing a Dutch climate lawsuit this week and Exxon losing a battle with shareholders.Chevron also lost…
Offshore drilling company Seadrill Limited has this week appointed a new chief financial officer and a new chief operating officer, as well as announced the appointment of a new director to its board.Oslo-listed offshore drilling firm said on…
Oil and gas group Total won more than 90% backing for its climate plan to gradually reduce its emissions on Friday, when shareholders also voted overwhelmingly in favor of its rebrand as TotalEnergies to mark its shift to renewable energy.Some…
A tiny hedge fund dealt a major blow to Exxon Mobil Corp on Wednesday, unseating at least two board members in a bid to force the company's leadership to reckon with the risk of failing to adjust its business strategy to match global efforts to combat climate change…
Philippe Kavafyan, the former CEO of offshore wind turbine manufacturer MHI Vestas Offshore Wind, has been appointed Chief Executive Officer of the recently established Norwegian offshore wind developer Aker Offshore Wind.Aker Offshore Wind…
Exxon Mobil Corp's bid to stave off a tiny activist fund challenging its board and response to growing climate concerns is too close to call just hours before the oil giant's annual meeting, people familiar with the matter said.Exxon's 12 directors…
Seadrill Partners, an affiliate of offshore drilling firm Seadrill, said Tuesday it had emerged from Chapter 11 bankruptcy for which it had filed in December 2020.The company said it has successfully completed its reorganization, turning around $2…
Danish wind turbine maker Vestas has won a contract to deliver 50 wind turbines for Spanish renewable energy firm Iberdrola's Baltic Eagle offshore wind project being developed off the island of Rügen, in German waters of the Baltic Sea. The…
Offshore helicopter services provider Bristow Group has appointed retired U.S. Air Force General Maryanne Miller to its Board of Directors. General Miller, age 62, is a retired four-star U.S. Air Force General with over 39 years of military service…
Bahamas Petroleum Company, an oil and gas company focused on the Caribbean and Atlantic margin, which earlier this year failed to unearth commercial quantities of oil from the closely watched Perseverance well offshore the Bahamas, is changing its name…
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