Global

ExxonMobil awards Guyana oil contracts to SBM Offshore
Global

ExxonMobil awards Guyana oil contracts to SBM Offshore

ExxonMobil said Esso Exploration and Production Guyana Limited (EEPGL), its subsidiary has awarded contracts to SBM Offshore for a floating production, storage and offloading (FPSO) vessel, a key step in moving the Liza field toward first production. In an email statement to PageOne Global Business Desk, ExxonMobil said under the […]

AB InBev Sells 26.4% Stake in Distell Group Limited
Global

AB InBev Sells 26.4% Stake in Distell Group Limited

AB InBev, the world’s largest brewer is cashing out and deleveraging. It has sold its stake in Distell Group Limited  to the Public Investment Corporation. This is less than 78 hours after the company announced that it sold its CEE Business for USD7.3 billion to Asahi. In an email statement to PageOne […]

Norbert Dentressangle Resigns from AXA
Global

Norbert Dentressangle Resigns from AXA

AXA, the global insurance provider with major stake in AXA Mansard Nigeria said Norbert Dentressangle informed the directors of his decision to step down from the Board. He will be leaving his position as Vice-Chairman – Senior Independent Director with immediate effect to devote himself fully to the management of his […]

OPEC Gets Non Members to Cut Output
Global

OPEC Gets Non Members to Cut Output

After many months of speculations, OPEC has been able to convince non members to join it’s production cuts. The all important decision was reached some minutes. Russia has agreed to cut over 300,000 barrels per day. Kazakhstan was reported to have reluctantly joined the cuts. As part of the agreement, […]

Lorenzo Grabau Quits Kinnevik ‘with Immediate Effect’
Global

Lorenzo Grabau Quits Kinnevik ‘with Immediate Effect’

The Board of Directors of Kinnevik AB has just announced the resignation of Lorenzo Grabau from the company. Without giving reasons for his resignation, the company said Lorenzo will be “leaving Kinnevik with immediate effect”. Joakim Andersson has been appointed acting CEO. A search process for Lorenzo’s successor now will […]