The Latest

Business

How the Oil Sector Can Truly Embrace Innovative Technology

Today, millions of employees are adjusting to remote work because of the coronavirus pandemic, which should ensure growing momentum in the oil and gas industry toward embracing new tech.

May 29, 2020

Public Capital

Occidental Petroleum Cuts Dividend Again, Now to 1 Cent

Occidental Petroleum’s shares were down 5% after the news and have lost nearly 70% of their value this year.

May 29, 2020

Business

Total Needs to Cover $12 Billion Shortfall due to Crisis, CEO Says

Total had expected the oil price to be about $60 per barrel this year, but as the price is now about $30, it will leave the company with a much bigger shortfall, CEO Patrick Pouyanne said.

May 29, 2020

Business

Oil Industry Faces IT Challenges Amid the ‘New Normal’

Industry experts discuss how the downturn and pandemic are impacting IT and OT for the oil and gas sector.

May 29, 2020

Investment

Norway Plans $369 Million Green Industry Investments

The Norwegian government proposes spending 3.6 billion Norwegian crowns (US$369 million) on investments to make its economy greener as it gradually emerges from coronavirus lockdowns, the government said on May 29.

May 29, 2020

Restructurings

Buddy Clark Executive Q&A: Chapter 2020

Energy banking in a pandemic that has diminished global oil and gas demand by at least 25%? A 38-year energy finance attorney and author of a history of oil and gas finance describes what the space looks like today.

May 29, 2020

Investment

Survey: Energy Transition to Remain Priority for Oil Industry Leaders

A recent survey revealed the energy transition will likely be immune to COVID-19 as 92% of oil and gas executives reported already having or developing a strategy to reduce reliance on fossil fuels.

May 28, 2020

Public Capital

BP Names David Lawler as New Head of BP America

As chairman and president of BP America, David C. Lawler is expected to lead the British oil major’s efforts in the U.S. to become net-zero by 2050.

May 28, 2020

People

Acteon Appoints Carl Trowell as New CEO

Acteon Group Ltd., a leading global provider of marine and seabed services to the renewable, infrastructure and oil and gas industries, said May 27 that Dr. Carl Trowell is to be appointed as group CEO, succeeding Richard Higham.

May 28, 2020

People

Subsea 7 to Lay Off 3,000 Following Oil Market Slump

The company said it planned to lay off the workers, both contractors and permanent employees, by the end of second-quarter 2021.

May 28, 2020