Rockhopper Reducing Headcount, Directors' Salaries
Oil and gas company Rockhopper, with a share in the Sea Lion project off the Falkland Islands, has announced a set of cost-cutting measures which include headcount reductions, and directors' salary reduction.The company said Tuesday that due to the "external events affecting the sector" - meaning low oil prices and the pandemic - it would further reduce ongoing G&A costs and re-balance executive director remuneration from cash to equity "while ensuring retention of key staff…
First Aramco Spot Crude Lifting to Chinese Teapot Refiner
Saudi Aramco has sold a crude oil cargo to an independent Chinese refinery, its first spot sale to such a buyer in a sign that the world's biggest exporter is trying to expand beyond its state-owned customers in China, a source with knowledge of the deal said. The 730,000-barrel cargo will be lifted in June from Aramco's storage in Japan's Okinawa prefecture and shipped to China's eastern province of Shandong, the source said.
Statoil Appoints Media Relations Head
Bård Glad Pedersen has been appointed vice president media relations in Statoil. Glad Pedersen will as vice president media relations head the corporate press office and take on the role as corporate spokesperson. He succeeds Jannik Lindbæk jr, who is appointed vice president for the communication unit in Global business service. Glad Pedersen comes from the position as state secretary (deputy minister) in the Norwegian Ministry of Foreign Affairs.
Statoil Hires PR Spokesman from Foreign Ministry
Bård Glad Pedersen has been appointed Statoil's vice president for media relations, the company said on Friday. "Glad Pedersen comes from the position as state secretary (deputy minister) in the Norwegian Ministry of Foreign Affairs. He will join Statoil after having served his potential quarantine leaving his current position," it added. Glad Pedersen was a Statoil employee before joining the Foreign Ministry in 2013. Reporting by Terje Solsvik
Schiendorfer is ABB's Head of BMR
ABB, the leading power and automation technology group, has appointed Michael Schiendorfer as head of its Business Media Relations team focusing on financial and business topics, effective Aug. 1, 2015. He will report directly to Christoph Sieder, Head of ABB Group Corporate Communications. Schiendorfer joins from Novartis, succeeding Thomas Schmidt who will focus on public affairs ABB, the leading power and automation technology group…
BHP Deal Won't Hit Rating; Deleveraging Plan to Continue
BHP Billiton's decision to spin off its non-core operations is unlikely to affect the group's 'A+' rating and Stable Outlook, Fitch Ratings says. BHPB is relatively highly leveraged for its rating, but we do not expect the spin-off to have a significant impact on key metrics and believe the group will be able to continue steadily reducing leverage. BHPB's decision to transfer assets including manganese, precious metals…
