Offshore Engineer People News


Head Energy's EPCIC Engineering Division Names Operations Manager

14 hours ago

Norwegian offshore engineering company Head Energy has made a new addition to its EPCIC Engineering Division. EPCIC stands for Engineering, Procurement, Construction, Installation & Commissioning.Head Energy said Friday that Oskar Leirgulen had joined the division as operations manager…

Tullow Gets 'Much-Needed' Breathing Room

20 hours ago

Tullow Oil's lenders have approved the size of its reserves-based lending facility at $1.9 billion, giving the group $700 million of undrawn loans and cash at the start of the second quarter, it said on Friday.The company also said it was cutting its 2020 capital expenditure to $300 million…

Lekoil Cuts Costs, Staff. Otakikpo Output Unaffected

20 hours ago

Nigeria-focused oil company Lekoil has said it will reduce workforce numbers as part of the 'immediate and accelerated' implementation of the company's general and administrative ('G&A') cost reduction measures. 'These measures are targeting an annual reduction of US$8…

Report: Petrofac to Let Go 20% of Workforce

Apr 02, 2020

Oilfield services provider Petrofac is launching a redundancy programme that it expects will end up reducing staff numbers by 20% as it seeks to cope with plunging oil prices, according to a source and an internal email seen by Reuters.The Britain-based company…

Samuel to Remain at Helm of UK's OGA until 2022 End

Apr 02, 2020

UK oil and gas industry regulator Oil and gas Authority (OGA) has informed that Andy Samuel will remain its CEO for an additional period of two years.Samuel's term extension at the helm of OGA has been confirmed by the Secretary of State for Business…

New Senior Exec Team for ROV Specialist Rovco

Apr 02, 2020

Rovco, a provider of remotely operating vehicles (ROV), has announced several key executive teams hires and internal appointments, including a new CFO and CTO.Reena Rowan has been appointed as Chief Financial Officer at Rovco, having previously…

Aker Solutions Slashes 650 Jobs in Norway and UK. More Cuts Ahead

Apr 01, 2020

Norwegian offshore engineering and construction company Aker Solutions laid off 400 employees in Norway and 250 employees in the UK, as per April 1, and it might need to lay off up to 6000 employees in Norway. The company has said the layoffs are temporary…

Repsol Sinopec Resources UK Names New CEO

Apr 01, 2020

UK North Sea-focused oil company Repsol Sinopec Resources UK Limited has appointed Jose Luis Muñoz as its Chief Executive Officer, effective April 1, 2020.Muñoz replaces Bill Dunnett, who had been in the CEO since 2015. Repsol Sinopec said Dunnett…

Widespread Salary and Job Cuts at Schlumberger

Apr 01, 2020

Oilfield services provider Schlumberger on Tuesday said it will implement widespread salary and job cuts as it grapples with a sharp decline in revenue from the oil price collapse.Oil prices have plunged by more than 60% since the start of the year…

New CFO for Ocean Installer

Apr 01, 2020

Norway-based offshore oil and gas installation company Ocean Installer has appointed Ingrid Due-Gundersen as new Chief Financial Officer.Due-Gundersen has worked for international shipping company Leif Höegh & Co her whole career. She joined…

Eco Atlantic: Board, Management Salaries Cut up to 40%

Apr 01, 2020

Guyana and Namibia focused oil and gas company Eco Atlantic has said that its board and management have agreed to voluntary pay cuts of up to 40 percent, in the wake of the situation with the coronavirus and the low oil prices.The company has…

PetroVietnam Reduces Salaries to Cope with Coronavirus, Low Oil Prices

Apr 01, 2020

Vietnam Oil and Gas Group is cutting employee salaries to rein in costs as it grapples with low oil prices and a coronavirus pandemic that has infected 212 people in the southeast Asian nation, the company said on Wednesday.The move was part of efforts to cut costs by 15% to 30%…

Norwegian Oil and Gas Names Ex-Minister as CEO

Mar 31, 2020

Norwegian Oil and Gas Association has appointed Anniken Hauglie, former Minister of Labour and Social Affairs, as its new CEO.The association representing interests of oil and gas companies in Norway expects to benefit from Hauglie's political experience…

Abu Dhabi's Gulf Marine Services Reaches Debt Restructuring Deal

Mar 31, 2020

Abu Dhabi-based Gulf Marine Services (GMS) said on Tuesday it had reached an agreement with its syndicate of banks to restructure its debt that will help it weather the coronavirus crisis.London-listed GMS provides support vessels for offshore oil and gas and other energy installations…

Current News

Petrobras Delays Bids for Offshore Platform

Petronas Cautious over Dividend to Gov't as Energy Prices Tank

Guyana's Oil Output Rises 58%

Norwegian Gas Exports to UK Fall Sharply as Demand Slumps

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