Talos Names Maiworm CFO
serving in a key role as Vice President – Finance, Investor Relations and Treasurer. He brings over 20 years of energy and finance experience to the role of CFO, previously serving as an energy investment banker at Deutsche Bank, as a manager in the Mergers & Acquisitions group of Royal Dutch Shell, in various accounting and finance roles at Transocean, and beginning his career in the audit practice at Deloitte & Touche. Maiworm earned a B.S. in Business Administration from the Pontificia Universidade Catolica do Rio de Janeiro and an M.B.A. from the McCombs School of Business at
Exxon to Lay Off 300 Workers in Singapore
its 72-year-old Altona refinery in Australia and convert it to an import terminal. The top U.S. oil producer, once America's most valuable company, posted a historic annual loss for 2020 after the coronavirus pandemic slashed energy demand.Exxon's announcement also follows European major Royal Dutch Shell's decision in November to cut 500 staff and halve its crude processing capacity in Singapore as part of a global strategy to reduce carbon emissions.Exxon Mobil's Singapore complex has the capacity to refine about 592,000 barrels per day of oil and includes its biggest integrated petrochemic
Over 300 Companies Sign 'Neptune Declaration' to Ease Crew Change Crisis
land.Shipping industry officials say many sailors are at breaking point and many have been at sea for longer than an 11-month limit laid out in a maritime labor convention.The companies, which include shipping groups such as A.P. Moller Maersk, miners Anglo American and Rio Tinto, oil majors BP and Royal Dutch Shell as well as trading companies Cargill, Trafigura and Vitol, will boost information sharing as signatories of the “Neptune Declaration” initiative.“All of us have a duty of care to seafarers,” said Kit Kernon, global head of shipping at Vitol.“Their wellbeing is
Shell UK Gender Pay Gap Narrows Slightly in 2020
Royal Dutch Shell's female employees in Britain earned 18% less on average than their male colleagues in 2020, with the pay gap slightly narrowing from the previous year.In its annual UK diversity pay gap report, Shell also published for the first time data on ethnicity which revealed that the average pay and bonuses for Black, Asian and Minority Ethnic (BAME) employees was 8.5% lower than non-BAME staff.Women represented 34% of the energy company's 6,000-strong British workforce in 2020, mostly due to the prevalence of men on offshore oil and gas facilities. BAME employees made up 21% of the
Coronavirus, Consolidation Taking Toll On Energy Jobs
Oil and gas companies worldwide are taking an axe to their employment rolls, shedding workers to survive what is expected to be a prolonged stretch of weak demand.Exxon Mobil Corp said it will cut its workforce by 15%, or about 14,000 people, along with oil majors Chevron Corp and Royal Dutch Shell Plc.All told, more than 400,000 oil and gas sector jobs have been cut this year, according to Rystad Energy, with about half of those in the United States, where several big exploration companies and most large oil service companies are headquartered.Coronavirus has devastated swathes of the global economy
Report: Equinor Shortlists Four Candidates to Succeed CEO Eldar Saetre
; Equinor's spokesman said.Opedal declined to comment. Bacher was not immediately reachable for comment. Reuters was not able to contact Rummelhoff and Reitan for comment.Saetre, 64, has led Equinor since 2014 when his predecessor Helge Lund left to take the top job at BG Group, now part of Royal Dutch Shell.Saetre reached the retirement age of 62 in 2018, but the company's board asked him to stay for up to five years.Saetre changed the majority state-owned company's name from Statoil to Equinor in 2018 and launched its transformation from an oil and gas firm into a "broad energy"
Shell's New Energies Boss Gainsborough to Step Down
Royal Dutch Shell's head of New Energies Mark Gainsborough announced on Thursday he was stepping down after setting up and leading a rapid expansion of the company's renewables and low-carbon business over the past four years.Gainsborough will be replaced by Elisabeth Brinton on April 1, the 39-year Shell veteran said in a post on LinkedIn. He will leave the company at the end of the year.Brinton, a Silicon Valley and utility industry veteran, joined Shell in 2018 and is currently vice president for strategy at the New Energies, according to her LinkedIn page.A Shell spokeswoman confirmed the
Shell Appoints Sawan as Upstream Boss
Royal Dutch Shell has appointed Wael Sawan to head its oil and gas production division, replacing Andy Brown who will step down after 35 years at the Anglo-Dutch company.Sawan, 44, a Canadian citizen of Lebanese origin, currently heads Shell's deepwater operations, one of the company's cash growth engines in recent years. He joined Shell in 1997.Brown, 56, will remain a member of Shell's executive committee until his departure on Sept. 30, Shell said in a statement."I am grateful to Andy for his strong leadership of the Upstream business, particularly having improved business performanc
Hundreds of Norway Oil Workers Go On Strike
Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher.One union said hundreds more workers would join the strike on Sunday if an agreement over union demands for a wage increase and pension rights was not reached.Royal Dutch Shell said that due to the strike it was temporarily closing production at its Knarr field, which has a daily output of 23,900 barrels of mostly oil, but also natural gas liquids and natural gas.Shutting the field, whose owners are Idemitsu, Wintershall and DEA, could take up to 36 hours, it said
BP Names Former Statoil Boss Lund as Next Chairman
BP named Helge Lund, a former head of Norway's Statoil, as its next chairman on Thursday, as the British oil major looks to extend a period of rapid growth after recovering from a deadly oil spill in 2010.Lund, who also led BG Group during its acquisition by rival Royal Dutch Shell, will replace Carl-Henric Svanberg, chairman of BP for almost nine years, at the beginning of next year.The 55-year-old Lund steered Statoil through its transformation from a state oil company into a leading global player, and is likely to have to navigate BP through the succession of its veteran CEO Bob Dudley later
Shell Nabs Sinochem Crude Trader for Singapore Desk
Royal Dutch Shell has hired a former manager in Sinochem's London office to help bolster its crude oil trading into the Chinese market, sources told Reuters. Zheng Qingpu, who worked as the deputy general manager for Sinochem in London, has joined the Shell crude oil trading desk in Singapore, the sources said. Major trading houses and independent oil firms are chasing qualified and well-connected staff for their Asia trading desks, spurred on by the opening up of China's oil imports to include independent refineries. Shell declined to comment on staff moves. Qingpu, who managed West African
SBM Offshore Nominates Wood as CFO
hold an Extraordinary General Meeting (EGM) on November 30, 2016 where it will be proposed that Wood be appointed as a member of the management board for a period of four years until the 2021 AGM. Van Rossum will then step down as management board member and CFO. Wood has worked at Royal Dutch Shell plc since 1993 in various financial and management positions, including as Vice President Finance & Planning Exploration (at Shell Upstream International) and most recently as CFO of Showa Shell Sekiyu K.K. in Japan, a company listed on the Tokyo Stock Exchange. Wood obtained
Wood Maintenance Workers Back Strike on Shell Platforms
As many as seven of Royal Dutch Shell's North Sea platforms could be hit by the first strike action in the basin in 10 years after Wood Group employees working on the facilities voted on Wednesday in favour of industrial action. Wood Group workers are employed on Shell platforms to carry out maintenance work. A person familiar with the operations said this meant production from the platforms was unlikely to be affected by potential strikes in the short term. Nearly all Wood Group workers who participated in the ballot carried out by labour unions Unite and RMT supported strike action
Oil Industry Turns to Women in Hour of Need
; "That means we are not using the full talents of the population, that means when it comes to making the decisions that are impacting our world, women are not at those tables where decisions are made." The Davos energy governors, who include the heads of companies such as BP, Royal Dutch Shell, Eni and Total, will be working on a first declaration of intent to close the gender gap, according to the documents. It will also set out principles to encourage women to join oil companies, especially in technical and managerial roles. The principles will range from making
North Sea Job Losses Raise Skills and Safety Concerns
Cost-cutting in Britain's North Sea oil and gas sector could lead to more acute skills shortages in future, industry experts have warned, with some expressing concerns that safety could be compromised. A plunge in crude prices over the last 12 months has prompted oil majors such as Royal Dutch Shell, BP , Chevron and ConocoPhillips to lay off hundreds of workers. Oil field services groups such as Amec Foster Wheeler , Wood Group and Petrofac are also in consultation with employees over job cuts. "We have seen a lot of panicking," said Alastair Cole, a director
UK's Oil Services Firms to Cut Jobs to Ride Out Price Slump
their spending budgets by an average 10-15 percent and renegotiate contracts with the service providers. Amec, which employs 40,000 people, said it was in consultation with 149 Aberdeen-based employees and that about 64 roles could potentially be affected. The company's clients include Royal Dutch Shell Plc and Exxon Mobil Corp . Petrofac was in talks to cut around 100 offshore jobs and up to 100 more onshore could be affected, a company spokesman said. The company, which employs 20,000 people, did not specify the location of the job cuts. A day earlier, smaller peer John
Shell to Lay Off Staff, Contractors in Norway
Oil producer Royal Dutch Shell will lay off 120 of its 900 workers in Norway and reduce its contractor force by 140 from 350, as low oil prices force it to cut costs, it said on Thursday. Shell said 100 of the staff cuts would be at its headquarters in Stavanger on Norway's west coast while 20 jobs would be eliminated at its operations department in Kristiansand. Oil firms in Norway are expected to cut investments by around 15 percent this year, the industry's lobby group predicted earlier. Spending could fall further in 2016 as energy firms hold back future developments after crude
