LNG

Stolt-Nielsen Ltd, the Oslo-listed and London-based owner of a tankers fleet including for small-scale LNG through its stake in Avenir LNG and other shipping-related businesses, has reported executive changes at the Stolt Tankers division.

Sept 15 (LNGJ) - UK major Shell plc confirmed that Chief Executive Ben van Beurden would step down at the end of 2022 and named his successor as Lebanese-born Wael Sawan, who is currently the Head of Integrated Gas, Renewables and Energy Solutions and was previously in charge of Shell’s Upstream division. Sawan has been 25 years at Shell and is a dual Lebanese-Canadian national.

   He grew up in Dubai in the United Arab Emirates and holds a Master’s degree in Chemical Engineering from McGill University in Montreal and an MBA from Harvard Business School. “Wael’s appointment is effective January 1, 2023, when he will also join Shell’s Board. Ben van Beurden will continue working as adviser to the Board until June 30, 2023, after which he will leave the group,” said Shell. Van Beurden became CEO in 2014 and had begun in the company as an LNG design engineer.

Hygo Energy Transition, the joint venture company formed by shipping and projects operator Golar LNG and US fund Stonepeak Infrastructure Partners for their Golar Power interests, has appointed a new Chief Executive to replace the previous incumbent who decided to step down after being caught up in a Brazilian corruption investigation.