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Exxon to Hold Spending at $20B to $25B Through 2027

Dec 02, 2021

Exxon Mobil on Wednesday set annual capital spending through 2027 at $20 billion to $25 billion, allocating money to low-carbon projects and extending its previously projected investment rate for two years.The top U.S. energy producer slashed costs after a historic $22.4 billion loss last year. But an oil-price rebound this year has generated strong profits that let Exxon pay down debt, maintain its dividend and fund a new low-carbon business…

Bumi Armada Winds Up Dormant Subsidiaries

Jan 14, 2022

Bumi Armada, a Malaysian offshore service firm and FPSO provider, has decided to wind up its two dormant subsidiaries.The company said that its subsidiaries Offshore Marine Ventures Sdn Bhd and Bumi Armada Ship Management Sdn Bhd, had approved…

EnerMech Names Ford as APAC Regional Director

Jan 12, 2022

Energy industry services firm EnerMech has appointed Garry Ford as regional director for Asia Pacific.UK-based EnerMech said Ford would drive further business growth across the energy, industrial and infrastructure sectors and strengthen its existing oil and gas operations in the region…

Ex-Vestas Taiwan Director Zahirovic Joins James Fisher Renewables

Jan 10, 2022

James Fisher Renewables, an offshore renewables industry service provider part of James Fisher and Sons, has appointed Maida Zahirovic as APAC regional vice president.With more than 11 years in the wind industry, Zahirovic joins JF Renewables…

Cairn Hires Former BP Exec Smith as COO

Dec 30, 2021

Cairn Oil & Gas, India’s largest private exploration and production company, said it has appointed former BP executive Martyn Smith as chief operating officer.Smith is joining Cairn with 35 years' experience in reservoir and petroleum engineering and subsurface geoscience disciplines…

Jadestone Energy CFO to Resign

Dec 23, 2021

Jadestone Energy, an oil and gas production company focused on the Asia Pacific region said Thursday that its Chief Financial Officer (CFO)   Dan Young, had decided to leave the company.'After more than 20 years overseas, Mr Young intends to repatriate back to Australia for personal family reasons…

Woodside Names CFO

Dec 14, 2021

Australian oil and gas company Woodside has named Graham Tiver as Chief Financial Officer and Executive Vice President. Joining Woodside from BHP,  Tiver previously held the role of Group Financial Controller with responsibility for BHP’s global…

BP's Comms EVP Morrell Joins Disney

Dec 08, 2021

Walt Disney Co on Tuesday named former Pentagon press secretary Geoff Morrell to the newly created position of chief corporate affairs officer, overseeing corporate communications, government relations, and global public policy.Morrell is currently…

Singapore's Temasek Working with Portfolio Firms in Green Transition

Dec 02, 2021

Singapore state investor Temasek is working with its portfolio companies to help them become more green as advancing sustainability goals becomes the new normal, the firm's chief sustainability officer said on Thursday.Temasek, with a portfolio valued at S$381 billion ($278…

Thai Oil Firm PTT Expands Pharma Business with $475M Alvogen Deal

Nov 26, 2021

Thailand's state-owned oil firm PTT is set to expand further into pharmaceuticals as part of a consortium acquiring a unit of drugmaker Alvogen, the parent of Taiwan's Lotus Pharmaceutical, PTT said on Friday.A consortium of PTT and Icelandic…

New Worley Chief Financial Officer Set to Assume Role Next Week

Nov 26, 2021

Australian engineering firm Worley said Thursday that Tiernan O'Rourke would assume the position of Chief Financial Officer (CFO) on November 29.O'Rourke's appointment was announced back in August when Worley said he'd start in the position 'later this calendar year…

ADNOC Weighs IPO of Logistics, Marine Services, and Shipping Unit

Nov 22, 2021

State oil firm Abu Dhabi National Oil Company (ADNOC) is weighing an initial public offering (IPO) of its marine services, logistics and shipping arm next year, two sources familiar with the matter told Reuters.ADNOC Logistics & Services (ADNOC…

Woodside CFO to Step Down in 2022

Nov 16, 2021

Australian oil and gas company Woodside on Tuesday announced the resignation of its Chief Financial Officer, Sherry Duhe, to pursue a careeropportunity with another ASX-listed company.Woodside CEO Meg O’Neill said: 'Sherry’s financial and commercial…

Shell Shake-up Leaves Dutch Royally Hacked Off

Nov 15, 2021

Royal Dutch Shell's decision to move its corporate headquarters and tax base to London may win over shareholders but it has struck a blow to Dutch prestige.As the energy giant crosses the North Sea, it will shed 'Royal Dutch' from its name,…

Shell Ditches the Dutch, Seeks Move to London in Overhaul

Nov 15, 2021

Royal Dutch Shell said on Monday it would scrap its dual share structure and move its head office to Britain from the Netherlands, pushed away by Dutch taxes and facing climate pressure in court as the energy giant shifts from oil and gas.The company…

Current News

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COVID Accelerates Offshore Energy’s Digital Path

Bumi Armada Winds Up Dormant Subsidiaries

Bumi Armada Winds Up Dormant Subsidiaries

Chevron Orders $553M Offshore Facility from DSME for Australian Gas Project

Chevron Orders $553M Offshore Facility from DSME for Australian Gas Project

Malaysia's HGIS Uses Ocean Alpha USV for Shell Pipeline Survey

Malaysia's HGIS Uses Ocean Alpha USV for Shell Pipeline Survey

MMA Offshore Upgrades Vessel to Support Taiwanese Offshore Wind Market

MMA Offshore Upgrades Vessel to Support Taiwanese Offshore Wind Market

Australia: Gas Production Starts from Beach Energy's Geographe Offshore Wells

Australia: Gas Production Starts from Beach Energy's Geographe Offshore Wells

Iberdrola Joins Five Early-Stage Offshore Wind Projects in the Philippines

Iberdrola Joins Five Early-Stage Offshore Wind Projects in the Philippines
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