People & Companies News

 

Halliburton Doubles Quarterly Profit, Raises Dividend as Oil Rebounds

Jan 24, 2022

Halliburton Co's fourth-quarter adjusted profit doubled from a year earlier, it said on Monday, beating analysts' forecasts and prompting the oilfield services company to lift its dividend following a rebound in crude and natural gas prices.U.S. oil prices rose more than 50% last year and have made a strong start to 2022, hovering around $85 a barrel, thanks to the global economic recovery from the coronavirus pandemic and supply cuts by producer group OPEC…

Ex-NYSERDA Principal Engineer Joins Floating Wind Specialist Hexicon

Jan 24, 2022

Hexicon, a Swedish twin floating wind turbine technology company, is working to expand its presence and pipeline in North America with the appointment of Adrienne Downey as Principal Engineer and Country Manager for the US and Canada, on February 1st…

Vår Energi to List on Oslo Børs

Jan 24, 2022

Eni and HitecVision-backed Point Resources Holding, owning respectively of 69.85% and 30.15% of the Norwegian oil and gas company Vår Energi AS, said Monday they planned to launch an initial public offering for Vår Energi and for the company to apply for a listing on Oslo Børs (the “IPO”)…

Seadrill New Finance Emerges from Chapter 11. To be Renamed Paratus Energy Services

Jan 21, 2022

Offshore drilling firm Seadrill Limited's unit Seadrill New Finance (the Issuer) has emerged from chapter 11 after successfully completing its pre-packaged restructuring pursuant to its chapter 11 plan of reorganization.The Plan was confirmed…

TenneT CEO Says Bringing in Private Investors Not Ruled Out

Jan 19, 2022

European power transmission system operator (TSO) TenneT might bring in private co-owners at some point to support huge investments needed to build up power links fit for the continent's renewable energy expansion, its CEO said.'We all agree that the energy transition in general…

Exxon Pledges Net-zero Carbon Emissions from Operations by 2050

Jan 18, 2022

Exxon Mobil Corp on Tuesday pledged to cut to zero its net carbon emissions from its global operations by 2050, catching up with rivals who are minimizing their carbon footprints.Exxon's 2050 plan, first mulled last year, covers emissions from its oil…

Wintershall Dea Ends Operations in Brazil

Jan 18, 2022

German oil company Wintershall Dea said Monday it had decided to terminate all its operations in Brazil and to close the current office in Rio de Janeiro after the execution of all required measures. 'This decision is the result of a very thorough…

Aker Solutions Names Ertresvåg SVP for Communications

Jan 14, 2022

Norwegian company Aker Solutions, a provider of offshore energy engineering and construction services, has appointed Kari Ertresvåg as senior vice president for communications. Ertresvåg, a Norwegian national, has wide experience within communications and public affairs…

Bumi Armada Winds Up Dormant Subsidiaries

Jan 14, 2022

Bumi Armada, a Malaysian offshore service firm and FPSO provider, has decided to wind up its two dormant subsidiaries.The company said that its subsidiaries Offshore Marine Ventures Sdn Bhd and Bumi Armada Ship Management Sdn Bhd, had approved…

Westwood Founder John Westwood Passes Away

Jan 14, 2022

John Douglas Westwood, the founder of energy intelligence firm Douglas-Westwood, now part of Westwood Global Energy Group, passed away on January 5, the company has informed.Westwood’s previous Head of Oilfield Services, Steve Robertson provided…

Petrofac Bolsters Offshore Wind Capabilities with Senior Appointment

Jan 13, 2022

Petrofac, a service provider to the energy industry, has appointed Phaedra Pritchard as New Head of Wind Operations and Maintenance (O&M), boosting its global offering in the wind sector.Pritchard will be responsible for building and supporting…

SBM Offshore's Lease & Operate MD to Become COO

Jan 13, 2022

Dutch FPSO leasing specialist SBM Offshore announced the proposed appointment of Øivind Tangen as Chief Operating Officer (COO) and member of its Management Board on Thursday. Tangen has 19 years of experience with SBM Offshore in engineering and operational roles…

P&A Firm Well-Safe Solutions Appoints Subsurface Team Lead

Jan 12, 2022

UKI-based offshore well plugging and abandonment specialist Well-Safe Solutions has appointed Mark Davison as the company’s Subsurface Team Lead, as the company expands the breadth of its service offering to include all aspects of subsurface plug and abandonment (P&A) design…

EnerMech Names Ford as APAC Regional Director

Jan 12, 2022

Energy industry services firm EnerMech has appointed Garry Ford as regional director for Asia Pacific.UK-based EnerMech said Ford would drive further business growth across the energy, industrial and infrastructure sectors and strengthen its existing oil and gas operations in the region…

Schlumberger Adjusts Operations Planning as U.S. COVID-19 Cases Soar

Jan 10, 2022

Schlumberger, the world's largest oilfield services company, is adjusting operations planning as COVID-19 infections have soared among its U.S. workforce, the company said on Friday.Schlumberger has had around 14 employees per day test positive for the virus this month…

Current News

Sinoocean Inks Spare Parts and Service Deal with Ulstein

Sinoocean Inks Spare Parts and Service Deal with Ulstein

Kuwait's KUFPEC Makes First Operated Offshore Discovery in Indonesia

Kuwait's KUFPEC Makes First Operated Offshore Discovery in Indonesia

SailPlan Helps Harvey Gulf Cut Offshore Vessel Emissions

SailPlan Helps Harvey Gulf Cut Offshore Vessel Emissions

Ex-NYSERDA Principal Engineer Joins Floating Wind Specialist Hexicon

Ex-NYSERDA Principal Engineer Joins Floating Wind Specialist Hexicon

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