Equinor: Geir Tungesvik Appointed Executive Vice President for the Projects, Drilling and Procurement
Geir Tungesvik has been appointed Executive Vice President for the Projects, Drilling and Procurement business area with effect from 1 May, after Arne Sigve Nylund has decided that he would like to retire. Aksel Stenerud has been appointed Executive Vice President for the People and Organisation function with effect from …
Shell: Appoints Sinead Gorman as CFO
Shell plc (“Shell”) today announced the appointment of Sinead Gorman as chief financial officer (CFO), effective April 1, 2022. She will become a member of both Shell’s Executive Committee and Board of Directors. After a distinguished career of 17 years with Shell, the last five years as CFO, Jessica Uhl …
TotalEnergies: To No Lopnger Provide Captial for New Russian Projects
TotalEnergies condemns Russia’s military aggression against Ukraine, which has tragic consequences for the population and threatens Europe. TotalEnergies expresses its solidarity with the Ukrainian people who are suffering the consequences and with the Russian people who will also suffer the consequences. TotalEnergies is mobilized to provide fuel to the Ukrainian …
Shell: Intends to Exit Equity Partnerships Held with Gazprom Entities
The Board of Shell plc (“Shell”) today announced its intention to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development and the Gydan energy venture. Shell also intends to …
Equinor: to Start Exiting from Joint Ventures in Russia
Equinor’s (OSE: EQNR, NYSE: EQNR) Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures. “We are all deeply troubled by the invasion of Ukraine, which represents a terrible setback for the world, and we are thinking of …
bp: to Exit Rosneft Shareholding
The bp board today announced that bp will exit its shareholding in Rosneft. bp has held a 19.75% shareholding in Rosneft since 2013. Additionally, bp chief executive officer Bernard Looney is resigning from the board of Rosneft with immediate effect. The other Rosneft director nominated by bp, former bp group …
OPEC Daily Basket Price: Thursday, 24 February 2022, Stood at $101.22 a Barrel
Vienna, Austria, 25 February 2022 – The price of OPEC basket of thirteen crudes stood at $101.22 a barrel on Thursday, compared with $96.10 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …
OPEC Daily Basket Price: Wednesday, 23 February 2022, Stood at $96.10 a Barrel
Vienna, Austria, 24 February 2022 – The price of OPEC basket of thirteen crudes stood at $96.10 a barrel on Wednesday, compared with $97.94 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …
Bashneft: will Reduce the Time for Well Testing by 150 times
To increase the efficiency of well survey, specialists from ANK Bashneft (part of Rosneft) began using Russian-made wireless dynamographs*. The new equipment has already been installed at 245 wells that are producing oil using rod pumps. In 2022, the number of new dynamographs will be increased to almost 2,000 units. At the first …
NOV: Acquires AFGlobal’s Advanced Drilling Systems to Offer Integrated Managed Pressure Drilling Solutions
NOV is pleased to announce that it has acquired the Advanced Drilling Solutions (“ADS”) business of AFGlobal. As the world’s leading independent provider of Managed Pressure Drilling (MPD) equipment, ADS brings trusted expertise and field-proven products to NOV’s portfolio of MPD offerings and enhances our ability to serve the needs …