People & Companies News


BP's Profit Rises to $5B as Share Buyback Slows

May 02, 2023

BP BP.L made a profit of $5 billion in the first quarter of 2023, up from the previous three months on the back of strong oil and gas trading, but the company's shares fell as it slowed a share buyback program.BP's results, which beat forecasts…

Hegazi Becomes CEO of ARO Drilling

May 02, 2023

Offshore drilling contractor ARO Drilling, a 50/50 joint venture between Valaris and Saudi Aramco, has appointed Mohamed Hegazi as Chief Executive Officer.Hegazi previously served as Chief Executive Officer of TGT Diagnostics, a provider of…

Woodside Directors Re-elected Despite Climate Strategy Concerns

Apr 28, 2023

Woodside Energy Group Ltd's WDS.AX shareholders on Friday supported its management pay report and re-election of directors despite a strong push by activist groups and some smaller investors upset over its climate report to reject the plans…

BASF Eyes Sale of Wintershall Dea, IPO Preferred Option

Apr 27, 2023

German chemicals group BASF on Thursday said it was working to exit energy business Wintershall Dea, with a stock market listing remaining the preferred option.CEO Martin Brudermueller also flagged a possible sale of the oil and gas producer to investors…

Prosafe CEO Stepping Down after More than 6 Years in Position

Apr 27, 2023

Jesper Kragh Andresen is stepping down as CEO of offshore accommodation firm Prosafe after more than 6 years in the position.He will continue with his current role until his successor is in place. Jesper Kragh Andresen said: 'It has been a privilege…

Capricorn Plans $575M Payouts and Picks New CEO

Apr 27, 2023

Capricorn Energy plans $575 million in shareholder payouts under a new CEO with experience of renegotiating Egyptian licenses, it said on Thursday, after two mergers failed amid investor revolts that also toppled its previous leadership. The…

Ex-Ensco CEO Joins Borr Drilling as Director

Apr 26, 2023

Offshore drilling rig firm Borr Drilling has appointed Daniel Rabun, former CEO of Ensco, as a company director to fill existing vacancy with effect April 25, 2023.Rabun served as Chairman of the Board, President and Chief Executive Officer of Ensco plc…

Society of Petroleum Engineers Appoints Simon Seaton as new CEO

Apr 24, 2023

The Society of Petroleum Engineers (SPE) said Monday that Simon Seaton had been hired as Chief Executive Officer. 'In the CEO role, Seaton will work with the  Board of Directors on the short- and long-term development and growth of SPE as the…

Keppel's Profit Boosted by Sale of Offshore & Marine Business

Apr 20, 2023

Singaporean conglomerate Keppel Corp Ltd on Thursday posted a higher net profit for the first quarter, boosted by a significant one-off gain recognized from the sale of its offshore & marine unit.In February, Sembcorp Marine completed a S$4…

Baker Hughes Beats Profit Estimate

Apr 19, 2023

Oilfield firm Baker Hughes Co beat first-quarter profit estimates on Wednesday, as stronger oil prices have supported demand for its equipment and services. Global oil futures are currently trading around $83.12 a barrel, down about 22% from…

Serica Chairman and North Sea Pioneer Craven Walker Steps Down

Apr 14, 2023

Serica Energy Chairman Tony Craven Walker, a pioneer of British North Sea oil, will step down in June after leading the oil and gas producer for 18 years, he announced on Thursday.Craven Walker will be succeeded by David Latin, who has been…

TotalEnergies Offshore Workers Balloting on Strike Action -Unite

Apr 14, 2023

British union Unite said on Friday that some 70 workers employed by TotalEnergies based on the Elgin Franklin and North Alwyn platforms along with the Shetland Gas Plant were being balloted for strike action. Unite last week announced that 1…

Norwegian Petroleum Directorate Names Stordal Director General

Apr 14, 2023

Torgeir Stordal has been appointed Director General of the Norwegian Petroleum Directorate (NPD). He has been filling the role since June of last year, and has now been appointed for a six-year term.Norwegian Minister of Petroleum and Energy…

Colette Cohen to Step Down as CEO of Net Zero Technology Centre. Myrtle Dawes to Take Over

Apr 14, 2023

Colette Cohen OBE is standing down as CEO of the UK-based Net Zero Technology Centre (NZTC). Myrtle Dawes has been announced as NZTC new CEO.Colette Cohen launched the center, then known as the Oil and Gas Technology Centre, in 2017.Created as part of the Aberdeen City Region Deal…

Rovco Appoints Moonie COO

Apr 13, 2023

Fraser Moonie was appointed as Chief Operating Officer of Rovco.Based in Aberdeen, Scotland, he will use his 25 years plus industry experience in subsea sector service companies to implement the company’s growth strategy. A former chief executive of Decom North Sea…

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Partners Developing Solution for CTV Electrification Refits

Gumbs to Step Down as President and CEO of Bosch Rexroth North America

Gumbs to Step Down as President and CEO of Bosch Rexroth North America

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