Royal Dutch Shell said it will pursue 'at pace' a $7 billion share buyback largely funded from the sale of its U.S. shale business as it faces liquefied natural gas (LNG) outages and slower fuel sales due to the economic hit from Omicron.Shares in Shell, the world's largest trader of LNG, were down 0.32% on Friday after a trading update ahead of its quarterly results on Feb. 3. This compared with a 0…
Mohamed Hamel from the People's Democratic Republic of Algeria has assumed office as the fourth Secretary General of the Gas Exporting Countries Forum (GECF), the global platform of leading gas exporting countries.He was appointed to the helm…
Malaysia's securities regulator said it is seeking the arrest of oil and gas services firm Serba Dinamik Holdings' chief executive and has charged company officers with submitting a false statement to the country's stock exchange.In a statement issued on Tuesday…
An autonomous robot outfitted with a DVL is looking to revolutionize fuel tank inspection – while eliminating potential operational hazards.Boston-based Square Robot has deployed Nortek’s Doppler Velocity Logs (DVLs) – already established in…
Two Chinese firms are seeking liquefied natural gas (LNG) cargoes for delivery over August to November as summer demand in the southern region remains strong and as companies prepare to meet winter demand, industry sources said.China's Shenzhen…
Acteon secured an integrated project with Atlantic, Gulf & Pacific Company (AG&P) for the development of a liquefied natural gas (LNG) import and regasification terminal in Batangas Bay, called Philippines LNG (PLNG). The contract was signed…
Global miner BHP Group is considering getting out of oil and gas in a multibillion-dollar exit as it looks to speed up its retreat from fossil fuels, Bloomberg News reported on Tuesday, citing people familiar with the matter.The world's biggest…
Squire Patton Boggs continued the expansion of its commodities and shipping capabilities with the addition of partner Kate Sherrard into its Financial Services Practice. She joins the firm from Clifford Chance where she was Head of the Asia…
The slowdown of the world economy and plummeting energy consumption have eclipsed most other industry news. Oil exporting countries are coming to terms with limiting production to sustain reasonable prices, and operators are looking for ways to improve efficiency…
Gulf Marine Services, a provider of jack-up service vessels for the offshore energy industry, has received a letter from Seafox, a rival, and a holder of 29.9% of shares in GMS, seeking removal of four of GMS' directors from the board.To remind…
Lundin Energy, a Swedish energy company with offshore oil and gas operations in Norway, on Tuesday said it had appointed Nick Walker as President and Chief Executive Officer (CEO).The appointment of Walker, which will become effective on January 1…
The Equinor Board of Directors appointed Anders Opedal as its new president and CEO starting November 2, 2020. Eldar Sætre will retire after six years as CEO and more than 40 years in the company.Opedal ascends to the top spot coming from the position as Executive Vice President Technology…
Rosneft, Russia's largest oil producer, will cut salaries at its central office by a quarter following a decision to reduce the working hours due to the fallout from the coronavirus, Kommersant daily reported on Friday.The newspaper, citing unnamed sources…
Dutch offshore jack-up company Seafox has had its push to appoint two directors to the board of the UAE-based jack-up provider Gulf Marine Services, rejected.Seafox, a shareholder at GMS, on Thursday said it had written to Gulf Marine Services…
UK oilfield services provider Petrofac has confirmed it is planning staff reductions and furloughing as part of its action to save cash in response to low oil prices and COVID-19 pandemic.Reuters last week reported that Petrofac was planning to reduce the workforce by 20%…
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