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(OE) Energy services firms Saipem and Subsea7 have signed a binding merger agreement to create a leading energy services company under the name of Saipem7, which will have a combined backlog of over $50 billion. The binding merger agreement follows the memorandum of understanding the companies signed in February 2025. Completion of the proposed merger... Continue Reading →
(offshore-energy.biz) Australia’s oil and gas company Karoon Energy is on the lookout for a new Chief Executive Officer (CEO) and Managing Director (MD), who will take over from its current CEO/MD next year, as the firm prepares to shift its key corporate teams and roles to Brazil and the United States of America (USA). While... Continue Reading →
(Reuters) Shell and other leading energy groups have abandoned a six-year-long attempt to define a net zero emissions strategy after being told that such a standard would require them to stop developing new oil and gas fields, the Financial Times reported on Tuesday, citing documents seen by the newspaper. Shell, Norway's Aker BP and Canada's Enbridge... Continue Reading →
(Reuters) - Halliburton reported about 33% fall in profit for the second quarter on Tuesday, hurt by weak demand for its oilfield services in North America, Saudi Arabia and Kuwait. The company had flagged a second-quarter earnings impact from President Donald Trump's tariffs and lower oilfield activity in North America as producers evaluated drilling and completions at weak... Continue Reading →
(Reuters) - BP named outsider Albert Manifold, the former boss of building materials producer CRH, as its new chairman on Monday, as it grapples with a major strategy reversal in an attempt to turn around a weak share performance. Manifold, who has not previously held a senior position in the energy sector, will succeed Helge Lund... Continue Reading →
July 11, 2025 – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, in a meeting held today, has elected Angélica Garcia Cobas Laureano as Chief Energy Transition and Sustainability Officer, with a term lasting until April 13, 2027, aligned with the term of the other members of the Executive Board. The nomination... Continue Reading →
(OE) Perenco has completed the acquisition of the Greater Angostura producing oil and gas assets and associated production facilities from Woodside Energy in Trinidad and Tobago. The finalization of the deal, combined with Perenco’s existing operation of the Teak, Samaan and Poui (TSP) and Cashima, Amherstia, Flamboyant and Immortelle (CAFI) fields, aligns Perenco as a... Continue Reading →
(TN) Brazilian and Chinese shipyards are signing memorandums of understanding to develop technological and commercial partnerships at the Strategic Forum for the Brazil-China Shipbuilding Industry in Rio de Janeiro. The event is a follow-up to President Luiz Inácio Lula da Silva's state visit to China in May. Petrobras and Transpetro are participating in the event... Continue Reading →
(OE) Spanish electric utility firm Iberdrola has appointed Pedro Azagra as its new chief executive officer (CEO). Before the new appointment, Azagra held the position of CEO of Ibredrola’s subsidiary in the United States. He will be replacing Armando Martínez. Azagra has been with Iberdrola for 25 years, first as Executive Director of Development with... Continue Reading →
(Reuters) -Brazilian businessman Nelson Tanure has begun talks with the banks that will be key to his bid for petrochemical firm Braskem , he told Reuters, as he aims to clinch a deal this year and give oil giant Petrobras a larger role in operations. Braskem is Latin America's largest petrochemical firm, and its controlling... Continue Reading →
