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Petrofac boss handing over the reins to member of McDermott’s exec committee

This post was originally published on this sitePetrofac has picked a member of McDermott’s executive committee to replace its current group chief executive, who will step down next year. The post Petrofac boss handing over the reins to member of McDermott’s exec committee appeared first on Offshore Energy.

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UK’s nature conservation charities slam the Wash tidal barrage plan deeming it ‘outlandish’

This post was originally published on this siteDevelopers of the Wash tidal energy barrage, that would also incorporate a deep water port, have been urged to rethink the proposal by UK’s nature conservation charities, which called the current plans ‘unworkable’ with significant risks to the environment. The post UK’s nature conservation charities slam the Wash

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Aramco’s base oil subsidiary gets regulatory approval for IPO

This post was originally published on this siteSaudi oil giant Aramco’s base oil subsidiary Luberef has received approval from Saudi Arabia’s financial regulatory authority Capital Market Authority (CMA) for an initial public offering (IPO). As part of the IPO, Saudi Aramco Base Oil Company (Luberef), formerly Saudi Aramco Lubricating Oil Refining Co, intends to offer

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