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3,800 Petrobras Workers Might Take Voluntary Severance Offer

Apr 09, 2020

Brazil's state-controlled oil company Petrobras aims to save 7.6 billion reais ($1.4 billion) by 2025 through voluntary buyout programs that will affect 3,800 employees, according to a securities filing on Wednesday.Petroleo Brasileiro SA, as the company is formally known…

MHI Vestas Eyes Further Asia Pacific Growth. Appoints Regional Manager

Apr 09, 2020

Offshore wind turbine specialist MHI Vestas has appointed Masato Yamada as Regional Manager Asia Pacific to facilitate broader growth across the region.The company, a joint venture between Denmark's Vestas and Japan's Mitsubishi Heavy Industries…

OMV Might Cut Jobs Due to COVID-19, Low Oil Prices

Apr 08, 2020

Oil and gas group OMV plans to extend a 4 billion euro ($4.35 billion) cost-cutting program, its chief executive said, adding it may cut jobs due to the coronavirus crisis and a slump in energy prices.Major oil producers with operations around…

Head Energy's EPCIC Engineering Division Names Operations Manager

Apr 03, 2020

Norwegian offshore engineering company Head Energy has made a new addition to its EPCIC Engineering Division. EPCIC stands for Engineering, Procurement, Construction, Installation & Commissioning.Head Energy said Friday that Oskar Leirgulen had joined the division as operations manager…

Report: Petrofac to Let Go 20% of Workforce

Apr 02, 2020

Oilfield services provider Petrofac is launching a redundancy programme that it expects will end up reducing staff numbers by 20% as it seeks to cope with plunging oil prices, according to a source and an internal email seen by Reuters.The Britain-based company…

Nigeria Tells Oil and Gas Firms to Cut Staff in Covid-19 Fight

Apr 02, 2020

Nigeria’s Department of Petroleum Resources ordered oil and gas companies on Thursday to reduce their workforce and practice social distancing, tightening measures to stem the spread of the coronavirus.'All operators and their contractors are…

Repsol Sinopec Resources UK Names New CEO

Apr 01, 2020

UK North Sea-focused oil company Repsol Sinopec Resources UK Limited has appointed Jose Luis Muñoz as its Chief Executive Officer, effective April 1, 2020.Muñoz replaces Bill Dunnett, who had been in the CEO since 2015. Repsol Sinopec said Dunnett…

Widespread Salary and Job Cuts at Schlumberger

Apr 01, 2020

Oilfield services provider Schlumberger on Tuesday said it will implement widespread salary and job cuts as it grapples with a sharp decline in revenue from the oil price collapse.Oil prices have plunged by more than 60% since the start of the year…

Polarcus to Cut Jobs, Salaries

Apr 01, 2020

Marine seismic company Polarcus is set to reduce workforce and employees' salaries, and stack survey vessels, as a response to the uncertainty marine seismic industry is facing in the wake of the coronavirus pandemic, and the current low oil prices…

ASCO Names New CFO

Mar 30, 2020

Offshore oil and gas logistics company ASCO has appointed Gary Paver as its new Group Chief Financial Officer.Paver is a Chartered Accountant with over 25 years' experience in oil and gas including roles with Halliburton, Petroleum Engineering Services and most recently as Senior Vice President…

More than a Million of Oilfield Services Jobs at Stake

Mar 26, 2020

More than a million jobs in the oilfield service industry (OFS) are expected to be cut in 2020 due to low project volumes brought upon by the Covid-19 epidemic and the ongoing oil price war, Norway's energy intelligence firm Rystad Energy said…

CNOOC Names New President

Mar 20, 2020

Chinese oil company CNOOC has announced the appointment of Hu Guangjie executive director and president of the company. In a statement on Friday, CNOOC said that Xu Keqiang had resigned as the President of the Company, but would remain an Executive…

Schlumberger to Create 200 Jobs in New Saudi Facility

Feb 25, 2020

Oilfield services giant Schlumberger has announced the opening of a manufacturing center in King Salman Energy Park (SPARK) in Saudi Arabia.The company said that center will manufacture well completions technologies including liner hangers and…

Hicks takes the Helm at LR Americas

Oct 30, 2018

Lloyd’s Register (LR) announced that John Hicks is President of Americas Marine & Offshore. Hicks returns to the U.S. after two years of leading LR’s Global Passenger Ship Center in Trieste, Italy as Global Passenger Ship Sector Manager and Italy’s Marine Manager…

DEME Appoints Luc Vandenbulcke as CEO

Oct 09, 2018

Belgian dredging, environmental and marine engineering group Dredging, Environmental and Marine Engineering NV (DEME)'s Board of Directors announced that with effect from January 1, 2019 Luc Vandenbulcke will succeed Alain Bernard as the company’s CEO…

Current News

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Russian Antarctic Vessel Docks in South Africa as Green Groups Protest

Eni Pens $8B Libya Offshore Gas Deal

Eni Pens $8B Libya Offshore Gas Deal

TotalEnergies, Partners to Start Drilling Offshore Lebanon in Q3 2022

TotalEnergies, Partners to Start Drilling Offshore Lebanon in Q3 2022

New Petrobras CEO Says to Drive Energy Shift while Expanding Oil and Gas

New Petrobras CEO Says to Drive Energy Shift while Expanding Oil and Gas

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