A Malaysian manager of Norway's largest oil services provider Aker Solutions was charged on Friday over allegations he submitted false documents in dealings with state-owned energy firm Petronas , according to a court charge-sheet.Ahmad Hatta Kamaruzzaman…
David Dickson, CEO of offshore installation and construction firm McDermott has decided to resign, the company said Monday. Dickson was CEO of the company since December 2013.Lee McIntire, an independent director on the McDermott Board of Directors…
KrisEnergy, an oil and gas company focused on Southeast Asia, said Friday it had filed a winding-up petition and that it would proceed to liquidation due to its inability to pay debts.KrisEnergy warned about this outcome back on March 31 when it said that the production from the Apsara field…
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…
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…
Abu Dhabi National Oil Co (ADNOC) has invited investment banks to pitch for bookrunner roles for the initial public offering of its drilling unit, two sources told Reuters on Sunday.The oil giant invited a handful of international and local…
Exxon Mobil Corp expects up to $200 million in charges this year related to job cuts in an era of cost savings, according to a regulatory filing.The biggest U.S. oil producer has slashed costs, delayed projects and said it could trim an estimated 14…
Offshore drilling contractor Valaris, which had filed for bankruptcy in August 2020, said Monday it had on April 30, 2021, successfully completed its financial restructuring and emerged from chapter 11.The Valaris Group's Plan of Reorganization…
Woodside Petroleum's outgoing boss said on Friday his replacement will face two company-defining challenges: replacing its aging assets and managing the transition to cleaner energy.Australia's top independent gas producer is betting its future on the $11 billion Scarborough gas project…
Australia's oil and gas explorer FAR Ltd on Thursday postponed a vote on the sale of its stake in an oil project off Senegal for the third time while investors study a takeover offer from private investment firm Remus Horizons.Remus' A$209.6 million ($161…
Australian oil and gas company Woodside said Tuesday its CEO Peter Coleman would retire from the company on June 3, 2021.'This follows the announcement in December 2020 of Mr. Coleman’s intention to retire from Woodside in 2021, by which time Mr…
Dutch offshore services contractor Boskalis has served the Malaysian offshore construction firm Malaysia Marine Heavy Engineering (MMHE) with an arbitration notice over alleged cost overruns related to the Bokor platform project, in Malaysia…
BP expects to reach its $35 billion net debt target in the first quarter of 2021, the energy group said on Tuesday, following earlier-than-expected proceeds from disposals and a 'very strong' quarter.The company, which had a debt pile of $39 billion at the end of 2020…
Malaysia's Sapura Energy has said its President and Group CEO Tan Sri Shahril Shamsuddin was retiring Monday, after leading the Group for more than 25 years. He will be succeeded by Mohd Anuar Taib, who takes over the helm as Sapura Energy Group Chief Executive Officer beginning 23 March 2021…
The activist investor leading a proxy fight to reshape Exxon Mobil Corp on Monday named the four directors it wants shareholders to remove at the oil company's upcoming annual general meeting.The investor, Engine No. 1, is a small fund that last year took on the top U…
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