People & Company News


Bristow Files for Chapter 11 Bankruptcy

May 15, 2019

Offshore helicopter services provider Bristow Group filed for chapter 11 bankruptcy protection after reaching a deal with senior bondholders on a plan to slash its debt load.The struggling Houston-based helicopter operator for offshore oil and…

Aqualis, Braemar Form Offshore Alliance

May 14, 2019

Offshore engineering consultant Aqualis has entered into an agreement to acquire the marine, adjusting, and offshore business lines from the London-based  Braemar Technical Services (BTS), a division of Braemar Shipping Services,  in exchange for an equity stake in the group…

LNG Trailblazer Eisbrenner Dies at 58

May 13, 2019

Kathleen M. Eisbrenner, a liquefied natural gas (LNG) industry pioneer and Founder and Chairman of the Board of Directors at US based LNG development company NextDecade Corporation, has passed away at the age of 58.Eisbrenner enjoyed a remarkable career…

Geoquip Marine Names Laloe as Director

May 13, 2019

Switzerland-headquartered  geotechnical engineering and offshore drilling company Geoquip Marine has announced the appointment of industry veteran Jean-Luc Laloe to its Board of Directors.Jean-Luc, who has almost 40 years of experience in the offshore oil and gas industry…

Weatherford to File for Bankruptcy

May 13, 2019

Irish-domiciled multinational oil and natural gas service company Weatherford International has entered into an agreement with its top creditors that will allow the company to file for a 'prepackaged' Chapter 11 bankruptcy - after more than four years without making a profit…

Survitec Restructures Offshore Division

May 13, 2019

Survitec Group, a manufacturer of marine safety and survival equipment, has restructured its offshore division to better serve customers with assets operating in the oil, gas and wind (renewable) energy sectors, it said.The reorganization of…

Ørsted Green Bonds Successful

May 10, 2019

Danish renewable energy developer Ørsted has secured nominal GBP 900 million through the issuance of green senior bonds.The fund is to finance its green growth ambition towards 2025 including the investment in the offshore wind farm Hornsea 2 in the United Kingdom with a capacity of 1…

Semco Chosen for 'Energean Power' FPSO

May 09, 2019

TechnipFMC has chosen Semco Maritime to deliver telecommunication systems, topside firefighting equipment and safety equipment for the ‘Energean Power’ FPSO for the Karish & Tanin fields, offshore Israel.As a total systems integrator Semco Maritime…

ExxonMobil, ADNOC Eye Upstream Collaboration

May 07, 2019

US oil giant ExxonMobil and Abu Dhabi's national oil company have met to discuss new opportunities for collaboration in the upstream and downstream sectors. The discussions were held during a joint visit to review the two firm's US$ 30 billion (AED 110 billion) Upper Zakum expansion project…

Anadarko Backs Occidental's Revised Bid

May 07, 2019

Anadarko Petroleum Corp’s board on Monday backed a US$38 billion bid from Occidental Petroleum Corp, adding pressure on rival Chevron Corp to raise its offer or walk away from the takeover contest.The decision capped a series of moves by Occidental…

Oxy Revises Bid for Anadarko

May 06, 2019

Occidental Petroleum Corp has revised its bid for Anadarko Petroleum Corp. increasing the amount of the US$38 billion deal that it would pay in cash. The Houston-headquartered firm's move is part of its bid to overthrow Chevron's $33 billion offer for Anadarko…

Occidental Agrees to Sell Anadarko Assets to Total

May 06, 2019

Texas-headquartered Occidental Petroleum has reached an agreement to sell Anadarko Petroleum's oil and gas assets in Africa to French oil major Total for $8.8 billion.The binding agreement with Occidental to acquire Anadarko’s assets in Africa (Algeria…

Wintershall, DEA Complete Merger

May 03, 2019

The merger between oil and gas firms Wintershall Holding GmbH and Deutsche Erdoel AG (DEA) has been completed, creating the largest independent exploration and production company in Europe.Wintershall DEA will be headquartered in Hamburg, with activities across Europe…

Ashtead Names New Asia-Pacific Leader

May 02, 2019

Global subsea equipment solutions specialist,  Ashtead Technology has appointed a new regional director for Asia-Pacific.James Christie joins the Aberdeen-based firm from Subsea 7 as Ashtead completes a six-figure investment to double the size of its Singapore facility…

Compliant & Efficient Solutions for Telford Offshore

May 01, 2019

In July 2015, Worldwide Recruitment Solutions (WRS) was awarded the contract as a provider of managed services for Telford Offshore (previously Sea Trucks Group). As a rostered managed services provider tasked with providing all contract manpower…

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