People & Company News


China's CNOOC Steps up Western Retreat with Launch of U.S. Assets Sale - sources

Nov 24, 2022

Chinese oil and gas major CNOOC has sounded out potential buyers of its interests in U.S. oilfields, two sources said, stepping up its retreat from Western nations amid sanctions concerns and calls for domestic investment. Reuters reported in…

Woodside CEO O'Neill Becomes APPEA Chair

Nov 17, 2022

The Australian Petroleum Production & Exploration Association (APPEA) has appointed Woodside's CEO of Meg O’Neill as Chair, and Beach Energy's CEO Morné Engelbrecht as Vice-Chair following APPEA’s annual general meeting in Perth on Wednesday…

Japan's JOGMEC Renamed in Shift to National Decarbonisation Role

Nov 14, 2022

State-owned Japan Oil, Gas and Metals National Corp (JOGMEC) said on Monday it has been renamed Japan Organization for Metals and Energy Security and will provide equity investment to back the production and storage of hydrogen and ammonia. The…

Australian Offshore Oil & Gas Safety Regulator Gets New CEO

Nov 10, 2022

Sue McCarrey has been appointed Chief Executive Officer (CEO) of Australia's National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) for a three-year term from February 2023.To join NOPSEMA, McCarrey will leave her…

Japan's Inpex Lifts Profit Forecast on Higher Energy Prices

Nov 08, 2022

Japan's biggest oil and gas explorer, Inpex Corp, lifted its full-year profit forecast by 14% to a record 400 billion yen ($2.7 billion) thanks to higher-than-expected oil and gas prices and the yen's plunge against the U.S. dollar. The company…

Arabian Drilling Co Shares Up 18% on Market Debut

Nov 07, 2022

Shares of Arabian Drilling Company , a Saudi oilfield services firm, were up 18% above its listing price on its market debut in Riyadh on Monday, in a sign that investors still have appetite for local flotations despite a gloomy outlook for the world economy…

Ørsted Names Country Manager for Japan

Oct 27, 2022

Ørsted, one of the world's largest offshore wind developers, has appointed Henriette Holm as its new Country Manager for Japan.'Henriette Holm brings more than 25 years of experience with Ørsted, and its predecessor organisation, working across transactions…

Oil and Gas Trade Should be Depoliticized, Qatar Energy Chief Says

Oct 24, 2022

Saad al-Kaabi, the head of Qatar's state-run energy company, said on Monday all oil and gas trade should be depoliticized, calling for policies to move away from sanctions and anti-free market agreements.The comments by Kaabi, who is also Qatar's minister of state for energy…

Baker Hughes Names Buese New CFO

Oct 19, 2022

Oilfield services company Baker Hughes has appointed Nancy Buese as Chief Financial Officer effective November 2, 2022. 'Buese brings more than 30 years of financial and leadership experience to the role,  previously serving as EVP & CFO of…

Arabian Drilling Set to Raise over $700M in IPO

Oct 12, 2022

Arabian Drilling Company, a Saudi oilfield services firm, said on Tuesday it will price its initial public offering at 100 riyals a share and is set to raise 2.67 billion riyals ($710.58 million).The final price is at the top end of a price range announced last month…

Shell Picks Renewables Boss Sawan as New CEO. Van Beurden to Step Down at 2022 End

Sep 15, 2022

Shell has turned to the head of its gas and renewables business to drive its transition to a lower-carbon future, picking Wael Sawan to replace Ben van Beurden as chief executive.  Sawan's appointment comes at a pivotal time for the oil giant…

Dijkstra Takes Over as Jadeston Energy CFO

Aug 22, 2022

Bert-Jaap Dijkstra was officially appointed Chief Financial Officer and director of the oil and gas company on Monday, 22 August 2022.Dijkstra joins Jadestone Energy from SBM Offshore, the Dutch FPSO leasing specialist. His planned appointment was first announced in June 2022…

Shell's Giant Prelude FLNG Unit to Remain Shut for Longer as Pay Dispute Continues

Aug 18, 2022

Unions at Shell Plc's Prelude floating liquefied natural gas (FLNG) site off Australia have extended industrial action to Sept. 1 over a long-running pay dispute, the company said on Thursday. Shell shut down the 3.6-million-tonne-a-year site…

Shell Wants to Share More of its Blockbuster Profits with Shareholders, CEO says

Jul 14, 2022

Shell is considering boosting shareholder returns on the back of bumper profits from soaring energy prices, while the extra cash will also help it shift more swiftly towards renewables and low-carbon energy, the chief executive said on Thursday…

OPEC's Secretary-General Barkindo Dies, Nigerian Oil Official Says

Jul 06, 2022

Mohammad Barkindo, the outgoing secretary-general of OPEC who played a key role in forming the wider OPEC+ group of oil producers that has helped the industry navigate global shocks, has died aged 63.The Nigerian oil industry veteran was due…

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