Energy

ExxonMobil calls out New York Attorney General Eric Schneiderman
Energy

ExxonMobil calls out New York Attorney General Eric Schneiderman

ExxonMobil Corporation as described statements made by the New York Attorney General Eric Schneiderman as “inflammatory, reckless and false allegations”. Eric Schneiderman had misstated how ExxonMobil assesses the potential impacts of climate policy on its business to justify expanding a politically based investigation with “ever-shifting and unravelling investigative theories.” “From […]

First Solar adds Molly Joseph to its board of directors
Energy

First Solar adds Molly Joseph to its board of directors

First Solar said it has appointed Molly Joseph to its board of directors. Ms. Molly Joseph is Chief Executive Officer of UnitedHealthcare Global and Executive Vice President, Global, UnitedHealth Group. She assumed these roles in May of 2014 and March of 2017, respectively, and leads overall strategic direction and operational […]

Statoil, BP signs offshore petroleum swap agreement
Energy

Statoil, BP signs offshore petroleum swap agreement

Norwegian oil and British oil majors, Statoil and BP have signed swap a definitive agreement. The agreement grants Statoil the regulatory approval to take over two exploration permits and extend its work program in the Great Australian Bight. Statoil said in a statement that the National Offshore Petroleum Titles Administrator […]

Rio Tinto to train SASAC leaders managing RMB50.5 trillion assets
Energy

Rio Tinto to train SASAC leaders managing RMB50.5 trillion assets

Rio Tinto said it has partnered with China’s State-owned Assets Supervision and Administration Commission (SASAC) to develop executive training for Central State-owned Enterprise (Central SOE) leaders. SASAC is the governing body responsible for supervising and managing the country’s state-owned assets. The total assets value of the 102 Central SOEs currently […]

Trafigura grows six months revenue by 6%
Energy

Trafigura grows six months revenue by 6%

Trafigura, an oil trading major said its gross profit rose by 6% to USD1.2 billion compared to USD1,173 million recorded in the first half of 2016. The company said its gross profit margin in the half-year was 1.8 percent compared to 2.7 percent in the first six months of 2016, […]

Statoil picks Jon Erik Reinhardsen as chairman
Energy

Statoil picks Jon Erik Reinhardsen as chairman

Norwegian oil major, Statoil, said Jon Erik Reinhardsen has been elected as the chairman of its board of directors. The election of Jon Erik Reinhardsen to the board is following the decision of the former chairman, Øystein Løseth who had informed the nomination committee that he did not wish to […]

Exxonmobil acquires exploration acreage at west of Malabo
Energy

Exxonmobil acquires exploration acreage at west of Malabo

Exxon Mobil Corporation acquired an exploration acreage at a deepwater block located 36 miles west of Malabo in Equatorial Guinea. Exxon said it signed has signed a production-sharing contract with the government of Equatorial Guinea via its wholly-owned subsidiary, Exploration and Production Equatorial Guinea (Deepwater) Ltd. “We look forward to […]