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(Reuters) Shell's incoming Chief Executive Wael Sawan is set to accelerate the group's drive to build its renewable energy business, including through a possible "transformative" clean power acquisition, company and industry sources said. Sawan will from January take on a firm with a strong balance sheet after a surge in oil and gas prices, but... Continue Reading →
Baker Hughes, Mocean Energy and Verlume have signed a triparty memorandum of understanding (MoU) to identify and discuss potential opportunities for collaboration on integrated wave energy and subsea energy storage solutions for the emerging subsea clean energy market.The MoU will explore the opportunities for integrated wave energy, energy storage and power delivery solutions to facilitate... Continue Reading →
(PN) Alejandro Ponce Bueno is the new president of the company in Brazil, taking over from Mariano Ferrari, who has been at the helm of the company since 2018 and will assume the presidency of Repsol Bolivia. Alejandro has extensive experience in the oil and gas sector, where he has been operating for over 20... Continue Reading →
Offshore contractor Allseas has revealed that its founder and current president, Edward Heerema, has decided to hand over the reins to his eldest son. The latter is expected to build on his father’s legacy. While announcing that Edward Heerema is stepping aside as the president of the Allseas Group after nearly four decades in the role, Allseas... Continue Reading →
(Reuters) Brazilian oil company Petrobras' Chief Executive Caio Paes de Andrade has been diagnosed with cancer, local media reported. The executive has started treatment to fight a head and neck carcinoma, according to the reports, citing a Petrobras internal statement. Petrobras said in a note to Reuters on Friday that Andrade is starting a health... Continue Reading →
(Reuters) - Shell (SHEL.L) has turned to the head of its gas and renewables business to drive its transition to a greener future, picking Wael Sawan to replace Ben van Beurden as chief executive. Sawan's appointment comes at a pivotal time for the oil giant, which is aiming to reduce emissions to net zero by 2050 and... Continue Reading →
Petro Rio S.A. (“PRIO”) (B3: PRIO3) informs that it has received a notice from Petroleo Brasileiro S.A. (“Petrobras”) informing of the termination of the Albacora Field (“Field” or “Albacora”) divestment process, as the parties have not reached an agreement regarding the valuation of the asset.Despite Albacora’s potential, PRIO believes that a transaction with values above... Continue Reading →
(Reuters) Siemens Energy said on Tuesday it has a placed 960 million euro ($949.63 million) mandatory convertible bond to help fund its takeover bid for wind turbine maker Siemens Gamesa. It expects settlement of the notes to take place on or around Sept. 14, it said in a statement. "With the planned full integration of... Continue Reading →
Oilfield services firm Baker Hughes Co said on Tuesday it will simplify its organizational structure by reducing its business units to two from four, starting October 1. The company added it expects to deliver at least $150 million in cost savings. The Houston, Texas-based firm said it will combine its Oilfield Services and Oilfield Equipment... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, informs that its CEO Caio Mário Paes de Andrade has appointed Paulo Palaia for the position of Chief Digital Transformation and Innovation Officer, replacing Juliano Dantas. The nomination will be submitted to the internal corporate governance procedures, including the respective compliance and integrity analyses required for the company's succession process,... Continue Reading →
Brazil Energy Insight 