Lenders of the troubled marine seismic contractor Polarcus, which last week took control of the company's vessels after a debt payment default, will sell Polarcus' vessels and all the employees will be let go.Banks last week tool control of Polarcus' subsidiaries that own seismic vessels…
The chief compliance officer at Brazil's Petrobras is planning to step down in March, four people familiar with the matter told Reuters, in what would be the third exit by the state-owned oil firm's top corruption buster in three years.Petroleo Brasileiro SA…
BP plunged to a $5.7 billion loss last year, its first in a decade, as the pandemic took a heavy toll on oil demand, and the energy company warned of a tough start to 2021 amid widespread travel restrictions.Despite the weak environment, however…
Deep Wind Offshore, a Norwegian offshore wind company formed last month, has appointed Hans Petter Øvrevik as its Chief Commercial Officer (CCO).Øvrevik has more than 16 years of experience in the offshore industry, including roles in Aker Solutions and Aker Offshore Wind…
Jens Berge, Chief Executive Officer of the troubled offshore drilling contractor Awilco Drilling has resigned from the company 'to pursue other opportunities.'In an announcement released Sunday evening (CET), Oslo-listed Awilco Drilling, which…
Dutch heavy lift and transportation company Mammoet is opening a new office in Taichung, Taiwan, to allow its team to be located closer to project sites and to offer onshore services for offshore wind farms locally.'Due to the rapid expansion…
The chief executives of ExxonMobil Corp and Chevron Corp held preliminary talks in early 2020 to explore combining the two largest U.S. oil producers in what would have been the biggest merger of all time, according to people familiar with the matter…
The Renewables Consulting Group (RCG), a sector specialist advisory firm, continues its expansion into Japan ahead of the country’s expected offshore wind industry growth. With this in mind, the company has this week appointed Hideto Seto as Associate Director…
Great Lakes Dredge & Dock, a U.S.-based dredging services giant, on Wednesday announced the appointment of industry veteran Eleni Beyko as senior vice president offshore wind – a strategic growth area for the company. Beyko, who started on Jan…
Subsea services company DeepOcean has completed the wind-down of its UK Cable Lay & Trenching business.DeepOcean had in November 2020 said it had started a restructuring process in relation to three UK subsidiaries in its Cable Laying and Trenching business (the “CL&T Group”)…
DNV GL said Tuesday it would combine its current Oil & Gas and Power & Renewables businesses into one new business area called Energy Systems.The quality assurance and classification firm which, among others, provides advisory services to the power…
Aberdeen-based subsea battery developer EC-OG has appointed Bob MacDonald, a former Wood Group man - now Wood - as Chairman.MacDonald previously served as Chief Executive Officer of the Specialist Technology Solutions (STS) business for energy services specialist Wood…
Nothing escapes the winds of change now sweeping through BP, not even the exploration team that for more than a century powered its profits by discovering billions of barrels of oil.Its geologists, engineers and scientists have been cut to less than 100 from a peak of more than 700 a few years ago…
UK-based Premier Oil has announced the proposed appointment of Alexander Krane as Chief Financial Officer.Krane will be appointed with effect from the later of completion of the merger with Chrysaor and April 15, 2021. He will replace Richard…
Stephen Bull, Equinor's senior vice president responsible for offshore wind operations in the North Sea, is leaving the company and will join the Norwegian offshore services firm Aker Solutions.Bull, who was last year re-elected RenewableUK Chair…