People & Companies News

 

China's CNOOC Steps up Western Retreat with Launch of U.S. Assets Sale - sources

Nov 24, 2022

Chinese oil and gas major CNOOC has sounded out potential buyers of its interests in U.S. oilfields, two sources said, stepping up its retreat from Western nations amid sanctions concerns and calls for domestic investment. Reuters reported in April that CNOOC was considering an exit from its operations in Britain, Canada, and the United States, because of concerns in Beijing that those assets could become subject to Western sanctions…

Petrofac CEO to Step Down. McDermott Man Named as Replacement

Nov 22, 2022

Oilfield services provider Petrofac said on Tuesday that Sami Iskander would step down as chief executive officer at the end of March 2023 and be replaced by Tareq Kawash, a senior executive at energy firm McDermott. Iskander took the helm in…

Norwegian Battery Startup Names Oil Industry Veteran as CEO

Nov 21, 2022

Norwegian startup Morrow Batteries has appointed Lars Christian Bacher, an oil industry veteran, as its new chief executive officer, the company said on Monday. Bacher had spent 30 years at Norway's largest oil and gas firm Equinor, where he held various executive positions…

Lula to Start Job Interviews for Petrobras Overhaul, Sources Say

Nov 21, 2022

Brazilian President-elect Luiz Inacio Lula da Silva begins interviews this week with candidates to run oil firm Petrobras, people familiar with the talks said, kicking off what may be a rocky few months for the state-controlled company.Lula…

UK Well Decommissioning Firm Names Subsurface Team Lead

Nov 21, 2022

UK-based well decommissioning services company Well-Safe Solutions has appointed Ruth Thomas as Subsurface Team Lead.Thomas has over two decades of experience in providing subsurface support to assets in the UK sector of the North Sea for energy majors including Repsol Sinopec Resources UK…

Wintershall Dea CEO Doesn't See IPO in Next Six Months

Nov 18, 2022

An initial public offering (IPO) for oil and gas producer Wintershall Dea is off the cards for the next six months, Chief Executive Mario Mehren told business daily Handelsblatt.The company, owned jointly by BASF and investor group LetterOne…

Siemens Energy CEO Becomes Chairman of Wind Turbine Maker Siemens Gamesa

Nov 18, 2022

Wind turbine maker Siemens Gamesa has appointed Christian Bruch, who is President and Chief Executive Officer of Siemens Energy AG and member of Siemens Gamesa’s Board of Directors, as its new non-executive Chairman.Born in 1970 in Düsseldorf…

Danish Offshore Wind Installation Firm Bolsters Senior Management Team

Nov 17, 2022

Danish offshore wind installation company Cadeler has bolstered its senior management team with three appointments, who will help the company grow and prepare it for busy times ahead. The new members include Pernille Korsager who joined the company in May 2022 as the company’s General Counsel (GC)…

Woodside CEO O'Neill Becomes APPEA Chair

Nov 17, 2022

The Australian Petroleum Production & Exploration Association (APPEA) has appointed Woodside's CEO of Meg O’Neill as Chair, and Beach Energy's CEO Morné Engelbrecht as Vice-Chair following APPEA’s annual general meeting in Perth on Wednesday…

Japan's JOGMEC Renamed in Shift to National Decarbonisation Role

Nov 14, 2022

State-owned Japan Oil, Gas and Metals National Corp (JOGMEC) said on Monday it has been renamed Japan Organization for Metals and Energy Security and will provide equity investment to back the production and storage of hydrogen and ammonia. The…

OPL 245 Offshore Block Case: Milan Court Rejects Nigeria's Compensation Request Against Eni, Shell

Nov 11, 2022

An appeals court in Milan on Friday rejected Nigeria's $1.092 billion compensation request against Italian energy group Eni and Shell in civil proceedings relating to a $1.3 billion oilfield deal. The decision was read out in court. In July…

5-year Deal: Semco Maritime to Provide Manpower & Construction Services for TotalEnergies in Denmark

Nov 11, 2022

French oil and gas firm TotalEnergies has awarded Denmark-based Semco Maritime a 5-year contract for the provision of manpower and construction service on offshore installations in the Danish part of the North Sea. The contract covers November 2022 - October 2027…

Australian Offshore Oil & Gas Safety Regulator Gets New CEO

Nov 10, 2022

Sue McCarrey has been appointed Chief Executive Officer (CEO) of Australia's National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) for a three-year term from February 2023.To join NOPSEMA, McCarrey will leave her…

Japan's Inpex Lifts Profit Forecast on Higher Energy Prices

Nov 08, 2022

Japan's biggest oil and gas explorer, Inpex Corp, lifted its full-year profit forecast by 14% to a record 400 billion yen ($2.7 billion) thanks to higher-than-expected oil and gas prices and the yen's plunge against the U.S. dollar. The company…

Ithaca Energy's London IPO Priced at Bottom of Range

Nov 08, 2022

North Sea oil and gas producer Ithaca Energy's planned initial public offering (IPO) in London is set to be priced at the bottom of the range at 250 pence per share, a bookrunner on the deal said on Tuesday.Ithaca's market debut will be watched…

Current News

Reach Subsea to Add Two ROV Support Vessels to Its Fleet

Reach Subsea to Add Two ROV Support Vessels to Its Fleet

Europa Gives Up Block Offshore Morocco after Quest to Find Drilling Partner Fails

Europa Gives Up Block Offshore Morocco after Quest to Find Drilling Partner Fails

Icon Offshore Sells Perisai Pacific 101 Jack-up Rig at Significant Profit

Icon Offshore Sells Perisai Pacific 101 Jack-up Rig at Significant Profit

Wales’ Marine Test Center Expands Its Capabilities

Wales’ Marine Test Center Expands Its Capabilities

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