People & Company News

Three60 Acquires North Sea Construction and Commissioning

Dec 20, 2018

Australian energy services group Three60 Energy  has acquired Aberdeen-based North Sea Construction and Commissioning (NSCC) for an undisclosed sum. This is now the fourth company to be added to the fast-developing energy services group which now employs over 320 people…

Xodus Appoints Phil Cooper as New Director

Dec 19, 2018

The Scottish energy group Xodus Group has appointed Phil Cooper as a new corporate development director to support the continued growth of the company.The Aberdeen-based international energy consultancy said in a press release that Cooper has…

Scott Gutterman to Join Beacon Offshore Energy as Chairman and CEO

Dec 19, 2018

Beacon Offshore Energy, wholly owned by funds managed by Blackstone Energy Partners, an affiliate of Blackstone, announced that Scott Gutterman has joined Beacon as its Chairman and Chief Executive Officer.In addition, industry veterans Paul…

CNOOC in Cooperation Pact with Nine Oil Majors

Dec 19, 2018

China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation, and Total.According to the agreements…

Moray East Offshore Confirms Financial Close

Dec 14, 2018

UK-based Moray Offshore Windfarm (East)  announced that it has reached financial close – a major milestone marking the commencement of GBP 2.6 bln of project finance investment.The consortiumwhich develops and operates offshore wind farms, known as ‘Moray East’…

Senvion Appoints Rannou CEO

Dec 14, 2018

Global manufacturer of offshore wind turbines Senvion announced that Yves Rannou will join the company as Chief Executive Officer (CEO) on 1 January 2019.Rannou is taking over the role from acting CEO and CFO Manav Sharma. As an industry expert…

Faroe Criticizes DNO's Takeover Bid as 'Opportunistic'

Dec 13, 2018

The oil and gas company with focus in Norway and the U.K. Faroe Petroleum has reaffirmed that Norwegian oil giant DNO ASA's GBP608mln ($761.65 million) unsolicited takeover offer for the AIM-listed firm is 'opportunistic' and 'substantially' undervalues it…

Scorpio Group Takes Over Nordic American Offshore

Dec 12, 2018

NYSE-listed offshore support vessel owner Scorpio Group has taken control of Nordic American Offshore (NAO), via a private placement into company’s shares worth $5 million.The investment, which took place via a private placement with Scorpio Offshore Investments…

Transformation in Maritime Industry Training

Dec 12, 2018

The 2019 Maritime Insights Database (MarTID) survey has just been launched. This annual survey and the resulting annual reports (available freely at provide critical data on maritime training practices and trends useful to every segment of the maritime industry…

DNO Makes $780 Mln Cash Bid for Faroe Petroleum

Dec 12, 2018

Norway's DNO is sticking to its offer to buy Faroe Petroleum for 152 pence per share, valuing the company at about 610 million pounds ($761.65 million), insisting it is an attractive offer despite its rejection by the Faroe board.The Faroe board…

Eco Atlantic Okays Offshore Guyana Drilling Program

Dec 05, 2018

The oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, Eco Atlantic Oil & Gas announced its drilling plans for 2019 on the Orinduik Block, offshore Guyana.The Canadian company has confirmed that…

Enquest Acquires Remaining Stake in Magnus

Dec 04, 2018

United Kingdom-based petroleum exploration and production company Enquest said it had completed the acquisition of the remaining 75% stake in Magnus, an additional 9.0% stake in the Sullom Voe Oil terminal and supply facility and additional interests in associated infrastructure from BP…

Ørsted Hires Focus Consultants on Sustainable East Coast Offshore Hub

Dec 03, 2018

Focus Consultants has been appointed to deliver sustainability services for a new East Coast Hub for the offshore wind giant, Ørsted, which is currently building the biggest offshore wind farms in the world.Currently in construction on the Royal Docks at Grimsby…

Northern Drilling Appoints New CEO

Dec 03, 2018

Rig company Northern Drilling has appointed Scott McReaken as chief executive officer (CEO).The John Fredriksen-controlled company said in a press release that McReaken will succeed Gunnar Winther Eliassen who will continue to support the company through Seatankers Consultancy Services…

KNOT Offshore CEO/CFO John Costain Steps Down

Nov 29, 2018

UK-based KNOT Offshore Partners has announced that John Costain has decided to step down as CEO and CFO of the partnership.'Although Costain is resigning in order to pursue other interests outside of the partnership, he will be available for the partnership until 31 May 2019…

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