People & Companies News


Chevron CEO Pay Rose to $23.6 million in 2022, Employee Compensation Fell

Apr 13, 2023

Chevron Corp CEO Michael Wirth was paid $23.6 million in 2022, a 4% increase from the prior year while the median annual compensation for the oil giant's employees fell 12%, a securities filing showed on Wednesday. In addition to sky-high energy prices…

Rocsole Names New CEO

Apr 12, 2023

Rocsole, a Finland-based developer of offshore pipeline inspection technology, has appointed Pekka Kaunisto as the new CEO of Rocsole. Kaunisto, who joined Rocsole in early 2019 as Vice President of Sales, will succeed Mika Tienhaara, who served as CEO since early 2020…

Petroecuador Names Ramon Correa as New General Manager

Apr 12, 2023

The board of directors of Ecuador's state-owned oil company Petroecuador on Tuesday named Ramon Correa, an engineer, as general manager following recent management changes in the wake of a corruption investigation.Correa replaces Maria Elisa Soledispa…

Colombia's Ecopetrol Appoints Ricardo Roa as New CEO

Apr 12, 2023

Colombia's majority state-owned energy company Ecopetrol has appointed Ricardo Roa as its new chief executive, the company said in a statement late on Tuesday, adding he will assume the role from April 30 at the latest. Roa's appointment follows…

Petrofac Expects Wider Loss for 2022 after Portfolio Review

Apr 12, 2023

Petrofac Ltd said on Wednesday it expects to report a wider operating loss of about $150 million to $170 million for 2022, after a review of its portfolio of contracts and contractual and commercial issues revealed increased costs. The oilfield…

Historic Offshore Worker Strike in UK North Sea to Bring Dozens of Platforms to Standstill, Unite Says

Apr 07, 2023

UK-based workers' union Unite said on Friday said that an 'unprecedented 48-hour major stoppage' would hit the offshore oil sector later this month, with 1350 offshore workers predicted to bring dozens of platforms to a ‘standstill.’The trade…

W&T Offshore's CFO Yang to Step Down in May

Apr 06, 2023

U.S. Gulf of Mexico-focused oil company W&T Offshore said Thursday that Janet Yang, Executive Vice President and Chief Financial Officer, would leave the company on May 11, 2023, following the release of the company’s first-quarter earnings…

EnQuest Posts 31% Rise in 2022 Free Cash Flow, Windfall Tax Weighs

Apr 05, 2023

British North Sea-focused oil producer EnQuest said on Wednesday that its 2022 free cash flow jumped 31% from the previous year to $519 million on the back of higher prices, beating guidance, but a windfall tax weighed on its accounts. EnQuest has deferred drilling on its Kraken field…

Sembcorp Marine Proposes Name Change Following Merger with Keppel Offshore & Marine

Apr 03, 2023

Singapore-based Sembcorp Marine said Monday it was proposing to change its name from “Sembcorp Marine Ltd” to “Seatrium Limited.'This follows the completion of the combination of the company's businesses and Keppel Offshore & Marine Ltd on February 28…

UK North Sea: Sparrows Offshore Workers to Strike Over Pay. 'Dozens' of Platforms and Operators Impacted, Unite Says

Apr 03, 2023

Around 150 Sparrows Offshore Services contractors on offshore facilities in the UK will start strike action in a dispute over pay from Wednesday, April 5, workers' union Unite said Monday.'Dozens of platforms and operators to be hit including Shell and Harbour Energy…

Shell CEO to Split Up Renewables and Low-carbon Division

Mar 31, 2023

Shell is splitting up its renewables and low-carbon division as part of CEO Wael Sawan's shake-up to boost the energy giant's returns.The changes come as Sawan, who took office at the start of the year, has signaled in recent weeks that Shell…

Shell Australia Names New Chair

Mar 30, 2023

Cecile Wake will succeed Tony Nunan as Chair of Shell Australia effective May 22, 2023, Shell Australia said Thursday. Nunan, who led the Australian business for the past three years, will take up the newly created role of Chief of Staff and Corporate Relations…

AIS Survivex to Train Siemens Gamesa's UK Workforce

Mar 30, 2023

The UK-based training firm AIS Survivex has won a contract with wind turbine maker Siemens Gamesa Renewable Energy to deliver training across its UK workforce.The three-year agreement will see AIS Survivex provide Global Wind Organisation (GWO) courses for Siemens Gamesa’s UK onshore…

Noreco Proposes Name Change

Mar 29, 2023

Norway-based oil and gas firm Noreco on Tuesday announced a rebranding and planned name change from Norwegian Energy Company ASA (Noreco) to BlueNord ASA.The proposal for change of company name will be put forward for approval at the company's annual general meeting to be held on April 25…

Hydra Service Sold to Local Investment Group

Mar 27, 2023

Hydra Service, manufacturer of Dynapower pumps, motors and turbine starters, announced it has been purchased by a local manufacturing investment group led by Mick Webber. According to the company, the new ownership and existing management are committed to servicing and replacing old equipment…

Current News

Shell Pivots Back to Oil to Win Over Investors - Sources

Shell Pivots Back to Oil to Win Over Investors - Sources

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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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