Malaysian billionaire Ananda Krishnan dies at 86
His private investment firm announced that Ananda Krishnan died at age 86. He had a wide range of business interests, from oil and natural gas to telecommunications. The cause of death has not been determined.
Efficient Wave-Generated Power … Really!
Wave-generated power could be considered the Rodney Dangerfield of offshore renewable energy sources; it gets no respect. There have been a number of high-profile, expensive…
Perry's Proposed Grid Rule Scrambles Energy Alliances
U.S. Energy Secretary Rick Perry's attempt to save the coal and nuclear industries by proposing a new grid resiliency rule is making for some odd bedfellows across the energy sector.
Harvard Researchers Say Exxon Misled Public on Climate Science
Two Harvard University researchers said in a study published on Wednesday they had collected data proving that Exxon Mobil Corp made "explicit factual misrepresentations"…
McDonald Takes the Helm at OPITO
Global safety, standards and workforce development organization OPITO has appointed John McDonald as CEO as the organization seeks to further drive the international skills agenda for the oil and gas industry.
Castor Gas Storage Site Will Not Reopen after Quakes
Spain will not reopen the Castor underwater gas storage facility which was shut in 2014 following minor earthquakes in the area, after a study showed tremors could return if it resumed operations…
Cairn Appoints Giadrossi as Non-Executive Director
Cairn has appointed Nicoletta Giadrossi as an independent non-executive director with effect from 10 January 2017. Nicoletta will also become a member of the Company’s remuneration committee.
Moyo, Austin Join Chevron Board
Chevron Corporation announced that Dr. Dambisa Moyo and Dr. Wanda Austin have been elected to Chevron's board of directors. Dr. Moyo's appointment is effective October 11…
Is It Time for the US to Dump Saudi Arabia?
After the recent execution of Shi'ite cleric Nimr al-Nimr by Saudi Arabia, the Middle East once again risks devolving into sectarian chaos. A mob torched the Saudi Embassy in Tehran…
Nigerian Lawyer Sent to Clean Up State Oil Giant
The new head of Nigeria's state oil company is a workaholic stickler for the rules with a strong background in law, qualities he will need if he is to overhaul an organisation…
Executive Changes at Transocean
Transocean Ltd. today announced that, as mutually agreed with the company, Esa Ikaheimonen is stepping down as Executive Vice President and Chief Financial Officer effective immediately. Mr.
U.S. Set to for More Accurate Oil Production Data
Figures on U.S. oil production are subject to much more uncertainty than the numbers for oil stocks, refinery throughput and imports because the Energy Information Administration…
Keppel Appoints Vestring to its Board
Mr Vestring, 50, is a partner in Bain & Company's (Bain) Southeast Asia office. Of his 24-year career with Bain, Mr Vestring has spent over two decades in Asia advising leading companies on portfolio strategy…
Boston Pipes Leak $90m in Fuel Yearly -Study
Boston's ageing pipeline network leaks about $90 million worth of natural gas each year, marking a sizeable financial loss and a threat to the environment, according to…
President Pryor Retires from ExxonMobil Chemicals
Stephen D. Pryor, president, ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation, has elected to retire on January 1, 2015, after more than 44 years of service.
Tenacious Brazilian Judge Oversees Petrobras Probe
In a country where big court cases often drag on for a decade or more and abruptly fall apart on technicalities, the man leading a bribery probe at Brazil's state-run oil…
Kemp: Carbon Capture's Energy Penalty Problem
SaskPower's Boundary Dam Unit #3, the first utility-scale power plant to be fitted with carbon capture and storage (CCS), has produced a surge in media interest since becoming operational this month.
University of California Not to Divest from Fossil Fuels
The University of California voted on Friday to maintain its investments in fossil fuels, frustrating a student-led effort to divest its portfolio in oil, natural gas and coal.
Italy Struggles with Plan B if Russian Gas Supplies Cut
Italy will struggle to stay warm this winter if Russia's conflict with Ukraine disrupts gas supplies and Libya veers towards collapse, putting at risk an already shaky economic…
Transocean to Appoint Miller to Board
Transocean Ltd. Assuming Miller is elected by shareholders at the EGM, the board intends to designate him as Vice Chairman. Transocean explained that Ian C. Strachan, the current Chairman of the Board…
