Month: May 2021

Seadrill Limited (OSE: SDRL, OTCPK: SDRLF) has announced that its chairman, Glen Ole Rødland, has notified the company that he will be stepping down from the board with immediate effect. Rødland, who served as the company’s chairman since November 2019, has considerable experience as a board member and chairman of several Norwegian public companies and
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(Bloomberg) — Oil posted its biggest weekly gain since the middle of April ahead of the U.S. Memorial Day weekend that kicks off the country’s summer driving season. West Texas Intermediate rose 4.3% this week. A spate of positive U.S. economic data this week continued to highlight the recovery taking shape in the world’s largest
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In this article EQNR-NO SGRE-ES This photo shows wind turbine parts at a port in Ostend, Belgium. Philippe Clément/Arterra | Universal Images Group | Getty Images European ports will require new infrastructure and significant investment over the next few years to cope with the growth of the region’s offshore wind sector, according to a new
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A logo on storage silos at the Total SE Grandpuits oil refinery in Grandpuits-Bailly-Carrois, France, on Thursday, May 27, 2021. Cyril Marcilhacy | Bloomberg | Getty Images LONDON ’ Investors in French oil giant Total on Friday backed the company’s strategy at its annual shareholder meeting, including plans to tackle the climate emergency, according to
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(Bloomberg) — Oil closed at its highest price in more than two years as strong U.S. economic data fueled a broader market rally and Wall Street stuck to bullish views on climbing commodity prices. West Texas Intermediate extended its winning streak to five sessions, its longest run of daily gains since February. Underscoring the recovery
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Members of the environmental group MilieuDefensie celebrate the verdict of the Dutch environmental organisation’s case against Royal Dutch Shell Plc, outside the Palace of Justice courthouse in The Hague, Netherlands, on Wednesday, May 26, 2021. Peter Boer | Bloomberg | Getty Images LONDON ’ Some of the world’s largest corporate emitters have suffered a series
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UP Energy LLC has announced that it has changed its name to PureWest Energy LLC, effective immediately. The company said its new name, logo, and slogan reflect its vision to be the most responsible and profitable natural gas company in North America. In addition to its name change, the business launched a new corporate website.
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(Bloomberg) — The Biden administration is moving forward with mandatory cybersecurity requirements for pipelines, according to a person briefed on the plans, following the ransomware attack earlier this month that paralyzed the biggest fuel pipeline in the nation. Pipeline operators would be required for the first time to report certain cyberattacks to the Department of
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The UK Oil and Gas Authority (OGA) has launched a virtual map gallery showcasing six of the organization’s most popular and recent apps, which it says allows users to explore its huge range of data in an easily accessible way. The six featured apps ’ UKCS Lease Agreements, Daily Production Data, Exploration and Appraisal Wells, Offshore Activity, Relinquishment, Requests and Production Dashboard ’ feature an expert view on the
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