Norwegian oilfield seismic data company TGS has named Fredrik Amundsen as the new Chief Financial Officer, to replace Dean Zuzic who joined the company last year after the acquisition of rival Spectrum.Amundsen has served as Executive Vice President (EVP) Europe at TGS…
A German non-governmental conservation organisation, Naturschutzbund Deutschland e.V. (NABU), has filed an objection to the building permit for the Gennaker offshore wind farm (OWF) in the coastal waters of Mecklenburg-Western Pomerania.Massive…
Stavanger-based offshore services provider Endur Energy Solutions, a subsidiary of Endur, will file for bankruptcy, on the back of weak results.The parent company Endur in the fourth quarter of 2019 reported a total turnover of NOK 122 million…
North Sea private equity player, Hitecvision — the firm behind the rise of well-known E&P players and suppliers — has decided to bundle 20 of its oilfield suppliers into a well-capitalized industrial group with other-than-offshore aims.Hitec said the offshore suppliers would live on in a new…
UK's Teesside University and Sofia Offshore Wind Farm (OWF), a project by German energy company Innogy SE, have signed an agreement setting out how they will work together to build local skills and capabilities to equip students for careers in the rapidly growing offshore wind sector…
Upstream companies cut 208 deals worth $156 billion in 2019, with value up $26 billion year-on-year. However, the number of transactions was 40 percent below the five-year trend, pointed out latest report by Deloitte.That, combined with the…
A latest research revealed that the upstream sector accounted for the bulk of mergers and acquisitions (M&A) in the global oil and gas industry in 2019, generating some high-value transactions during the process.According to GlobalData's theme report…
Robert Gordon University (RGU) has appointed Chris Pearson as Director for the National Subsea Center (NSC), tasked with leading the center’s research and development to tackle subsea engineering challenges.Pearson will take up the new post…
Oilfield services provider TechnipFMC said on Monday that it expects to take asset impairment charges of $2.4 billion in the fourth quarter as producers cut spending due to lower prices for oil and gas. TechnipFMC also said it expects 2019 revenue to be near $13…
Guyana is aiming to complete talks with the Exxon Mobil Corp-led consortium producing oil off its coast over crude pricing, lifting costs, and scheduling before the government exports its first cargo, energy director Mark Bynoe said on Monday…
New Orleans based offshore vessels company Harvey Gulf International Marine said it has signed an agreement with its CEO, Shane Guidry, to remain at Harvey until January 1, 2027.Guidry commented, “Over the past several years, Harvey Gulf has…
Scantrol, a supplier of monitoring and control systems to the marine and offshore industries, has hired Frode Gaupaas as Business Development Manager for Subsea.Gaupaas has more than 23 years of experience in subsea and offshore operations.…
The new European Commissioner for energy Kadri Simson has visited Vattenfall's 407MW Horns Rev 3 offshore wind farm in the North Sea and the surveillance center at Vattenfall’s service center in Esbjerg, western Denmark.The European Commission…
Integrated marine and subsea solutions provider Unique Group has announced the acquisition of the Australian-company Western Advance’s Marine Division.The provider of services and solutions for the offshore, subsea and life support industries…
National Oilwell Varco beat estimates for its fourth-quarter profit on Thursday, as the oilfield services provider cut costs to counter an ongoing decline in North American drilling activity. Lower crude prices and investor demand for higher returns have forced U…