Petrofac Names External Specialist to Oversee SFO Probe
Oilfield services provider Petrofac on Wednesday appointed Edward Sparrow as an external specialist to oversee an investigation by Britain's Serious Fraud Office announced in May. Sparrow is a partner at the law firm Ashurst LLP, Petrofac said in a statement. The SFO said in May it had begun an investigation into the activities…
Brekelmans Named Shell Projects & Technology Director
Royal Dutch Shell plc announced the appointment of Harry Brekelmans as Projects & Technology Director with effect from October 1, 2014. In his new role, Harry will become a member of the Executive Committee and will take over from Matthias Bichsel who will be leaving the company after 34 years.
Global Oil Exploration Nears $1 Trillion - Where Are the Finds?
Two years ago Total's chief Christophe de Margerie launched a "high risk, high reward" oil exploration strategy, betting he could hit a bonanza, even though his rivals had failed to make big discoveries. But Total risks joining the industry trend of making only smaller and fewer finds, despite global investments in oil exploration heading to a record $1 trillion by 2017.
Only a Fraction of LNG Export Projects Will be Built: Shell
Only a fraction of the natural gas export projects being developed around the globe will become reality as high costs and weakening gas prices torpedo those that until recently promised huge returns on investment. Large natural gas field discoveries on and offshore have prompted several countries to plan liquefied natural gas (LNG) export projects…
