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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…

Gazprom Cancels Dividend for First Time Since 1998. Shares Drop

Jun 30, 2022

Russian gas giant Gazprom has decided not to pay dividends on last year's results, the first time it will not pay out since 1998, sending its shares plunging by nearly 30%.'The shareholders decided that in the current situation it is not advisable to pay dividends based on the 2021 results…

Offshore Wind Giant Ørsted Names APAC Head

Jun 28, 2022

Offshore wind giant Ørsted has appointed Per Mejnert Kristensen as new President of its Region Asia Pacific. He will join Ørsted on August 1, 2022, and his taks will be to scale regional business.Ørsted has its regional commercial hub in Taipei…

Workers on Shell's Prelude FLNG to Start 12-day Strike on Friday

Jun 09, 2022

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…

Bahrain State Oil Company to Appoint Financial Adviser, CEO Says

May 17, 2022

Bahrain's state oil firm nogaholding is in final talks to appoint a strategy consultant and financial adviser, its chief executive said on Monday, as the indebted country seeks to capitalize on high energy prices and sell or lease out assets…

CNOOC Q1 Net Profit Doubles, Domestic Oil and Gas Output Jumps

Apr 28, 2022

China's top offshore oil and gas producer CNOOC Ltd saw its net income more than double during the first quarter of 2022 from a year ago, on the back of a surge of global oil prices and an increase in domestic oil and gas production.The listed…

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Cyan, Taya in Offshore Wind Vessel Collab in Taiwan
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