British oil major BP will lay off 10,000 people by the end of the year in a move to cut costs, the company's CEO Bernard Looney said in a social media post on Monday.Looney said: 'The oil price has plunged well below the level we need to turn a profit…
U.S. oilfield services company Weatherford has said that Mark A. McCollum, President, Chief Executive Officer, and a director, has left the company, effective immediately. McCollum, an executive with four decades of experience in the oil and gas industry…
Malaysia's prime minister on Saturday appointed the finance chief at Petroliam Nasional Bhd (Petronas) to take over as chief executive at the state energy company, at a time when lower oil prices and the coronavirus pandemic have hit the firm's profits…
Hurricane Energy's CEO Robert Trice has resigned as Chief Executive Officer and a director of Hurricane by mutual agreement with the Board. Trice will remain available to assist the Company during a transition period of six months. He will be replaced by Beverley Smith…
By James Young, CTO at JDR CablesCOVID-19 has turned life upside down. Birthdays are celebrated over Zoom or from the end of a driveway, bars and restaurants stand empty, and many streets are eerily quiet. Yet, we carry on – largely due to the…
Norwegian shipbuilding and technology group Havyard will appoint Erik Høyvik as CFO in Havyard Group from August 1, 2020.Havyard, which designs and builds various types of vessels, including those used in the offshore energy industry, said its current CFO Pål Aurvåg…
Drilling and engineering company KCA Deutag has named Ole Maier its new President of Offshore Business Unit.Maier, who has most recently served as Executive Vice President for Odfjell Drilling's Platform Drilling Operations, has succeeded KCA Deutag's Rune Lorentzen who will be retiring…
Norwegian offshore installation company Ocean Installer has established a new business segment focused on Offshore Wind and has appointed Even Larsen, currently CEO of Fred. Olsen Ocean, as the director of its new business segment. Larsen will join starting from August 1…
Norwegian offshore vessel provider Solstad Offshore has appointed Kjetil Ramstad as the CFO position. Ramstad comes from the position as Finance Director in Solstad Offshore and has worked for the company since 2018. Prior to joining Solstad Offshore…
Norwegian offshore engineering company Aker Solutions has said its Chief Financial Officer Ole Martin Grimsrud will resign in September.Aker Solutions said Tuesday that Grimsrud had given notice that 'he will leave the company September 1, 2020…
Engineering and marine consultancy LOC Group has appointed Steve Mason as DP Manager to LOC Houston.Mason joins LOC Houston from the offshore vessel company Hornbeck Offshore, where he was a Master for 8 years.'[Mason's] appointment will further…
Ashtead Technology's Underwater Cutting Solutions (UCS), an offshore contractor specializing in the cutting of submarine and topside pipelines, has named Richard Lind a new Operations Manager.Lind, who previously worked for Claxton Engineering…
Aberdeen-based research and technology organization the Oil & Gas Technology Centre has appointed Martin Gilbert as its new Chair.Gilbert succeeds Archie Kennedy who has been Vice-Chair and Chair of the OGTC since it was established in February 2017…
The International Marine Contractors Association (IMCA) has said that it continues its work to have all offshore energy workers recognized as 'key workers', in order to facilitate the efficient movement of personnel during the Covid-19 pandemic…
British oil major BP has announced that David C. Lawler, currently CEO of its U.S. shale business BPX Energy, will add to his portfolio the responsibilities of chairman and president of BP America Inc., succeeding Susan Dio on July 1, 2020.BP…