Offshore Engineer People News


Halliburton Posts Fourth Straight Quarterly Loss

Oct 19, 2020

Halliburton Co posted its fourth-straight quarterly loss on Monday, as the world's second-largest oilfield services provider struggles with a plunge in demand and lower oil prices.Even though oil prices have recouped some of their losses from the historic lows of March and April…

Outgoing Ørsted CEO Poulsen to Join AP Moller

Oct 19, 2020

Henrik Poulsen, CEO of offshore wind giant Ørsted, who recently announced his decision to step down after eight years with the firm, will join Denmark's maritime giant AP Moller Holding.The A.P. Moller Group comprises of A.P. Moller - Maersk…

Q&A: Importance of Diversity in Energy Industry

Oct 15, 2020

Subsea services group Acteon has recently interviewed Laura Wood, Business Development Manager at UTEC, an Acteon company, on the subject of gender diversity in the male-dominated energy industry, and the role of women in S.T.E.M ( Science, Technology…

Tekmar Group Names New CEO

Oct 15, 2020

Tekmar Group, a provider of offshore energy equipment and services, has appointed Alasdair MacDonald as Chief Executive Officer.Alasdair MacDonald was Chairman of Tekmar Energy, a design, engineering, and manufacturing specialist of subsea protection systems for subsea cables…

Eni CEO Should Be Acquitted in Nigeria Graft Case, Lawyer Says

Oct 15, 2020

Eni Chief Executive Claudio Descalzi should be acquitted of corruption in a legal case concerning the purchase of an oilfield in Nigeria since there is no evidence to support the charges, Descalzi's lawyer told a Milan court on Wednesday.Speaking in the court hearing…

Ulstein Names Marti as CEO

Oct 13, 2020

Norwegian shipbuilder and vessel design group Ulstein announced Tuesday that its CFO Cathrine Kristiseter Marti has been promoted to replace long-serving CEO Gunvor Ulstein, who has decided to step down.Marti will take over as CEO on November 2 after six years as Ulstein Group's CFO…

Enhanced Drilling Appoints New CEO

Oct 13, 2020

Norwegian offshore drilling equipment provider Enhanced Drilling has appointed Kjetil Lunde as Chief Executive Officer.Enhanced Drilling said that Lunde had been a key member of the senior management team since 2016 as VP of Finance and Business Support…

Golar Unit Names New Boss as Former CEO Steps Down Amid Bribery Probe in Brazil

Oct 12, 2020

Golar LNG said on Monday Hygo Energy Transition Ltd, a joint venture between Golar and U.S. private equity firm Stonepeak Infrastructure Partners, has appointed Paul Hanrahan as chief executive officer after Eduardo Antonello stepped down, following a corruption investigation in Brazil…

Petrofac CEO Asfari to Retire

Oct 12, 2020

Energy services giant Petrofac said Monday its CEO Ayman Asfari would retire as Group Chief Executive at the end of the year. Petrofac said Asfari would focus on his family, health, and charitable interests.Sami Iskander, former EVP Upstream Joint Ventures at Shell…

Equinor Should Have Dealt With Issues in U.S. Sooner - Chairman

Oct 09, 2020

A report on Norwegian energy firm Equinor's loss-making investment in the United States detailed significant problems the state-controlled company should have dealt with faster, its chair and chief executive said on Friday.In June, Norway's…

Chevron’s Market Value Surpasses Exxon's for the First Time

Oct 08, 2020

Chevron’s market value leapfrogged that of Exxon Mobil for the first time on Wednesday during a week in which it closed a $4.1 billion, all-stock deal for Noble Energy, a smaller oil and gas producer.Chevron’s market cap ended the day around $142 billion…

Norway: Oil Workers to Expand Strike if Wage Deal Not Reached

Oct 07, 2020

Norway's Lederne labor union will expand its ongoing oil strike from Oct. 10 unless a wage bargain can be reached in the meantime, it said on Tuesday, confirming a statement from the country's state-appointed wage mediator.Six offshore oil and…

J+S Subsea Names First Managing Director, Adds Industry Veteran to Board

Oct 06, 2020

Aberdeen-based subsea control system provider J+S Subsea, launched in September, has appointed Phil Reid as its first managing director. J+S Subsea also appointed Doug Sedge, a former Weatherford executive and an ex-Sparrows CEO to its board as a non-executive director…

Exxon to Lay Off 1600 Workers in Europe

Oct 05, 2020

U.S. oil giant Exxon Mobil said on Monday it plans to reduce its European workforce by up to 1,600 across the company's affiliates by the end of 2021 as part of its global review.Exxon said country-specific cuts will depend on the oil major's local business footprint and market conditions…

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