Australian oil and gas company Beach Energy has set out plans to lay off 30% of workforce across its business as part of a comprehensive strategic review which aims to deliver increasing returns to shareholders and increase efficiency.The first stage of the strategic review has been completed with a new asset-based organizational structure to be implemented by April 8, 2024, Beach Energy informed.Several of the current executive team will be leaving Beach over the coming months…
As the U.S. offshore wind industry endures a predictable number of stops and starts during its adolescence, common mantras are ‘learn from the established European model’ and ‘embrace technology transfer from the offshore oil and gas sector…
Italian cable maker and installation services provider Prysmian has named Massimo Battaini as its new chief executive officer and general manager.The new CEO appointment also marks the entering into force of the new organizational structure…
Oil major BP has simplified its organization structure and made executive team changes in an effort to streamline its business operations.BP said it will continue to have three businesses - production and operations, gas and low carbon energy…
A Brazilian judge has suspended the chair of state oil firm Petrobras, Pietro Sampaio Mendes, over a conflict of interest regarding his role in the Ministry of Energy, a court decision seen by Reuters on Thursday showed.The ruling by Sao Paulo…
Vårgrønn, an offshore wind joint venture between Eni’s Pleniute and HitecVision, has appointed Stephen Bull as its new chief operating officer (CEO).Bull will take up the position from June 1 2024, joining the company from Aker Solutions, where…
Marine geosciences and offshore construction support services company NextGeo has appointed Frank Koopman as Offshore Wind Strategy Director.Koopman is an experienced executive and leader in the offshore energy sector, with over 20 years of experience in leading complex organizations…
Norwegian shipbuilder Vard, a subsidiary of the Fincantieri Group, has appointed Cathrine Kristiseter Marti as its new Chief Executive Officer (CEO).Starting from June 1, 2024, Marti will take over from the current CEO, Alberto Maestrini, who will remain in his position as Chairman of the Board…
McDermott has appointed Maurizio Coratella to be Executive Vice President and Chief Operating Officer effective May 1, 2024.In his new role, Coratella will apply his more than three decades of industry leadership and engineering and construction…
Offshore wind developer Vineyard Offshore announced that Rick Musiol, Jr. has joined the company as Director of External Affairs and Community Engagement. In this newly created position, Musiol will lead community engagement and corporate citizenship…
UK oil and gas company Perenco has mobilized independent experts to determine the causes of the fire incident at is Becuna platform offshore Gabon, which claimed five lives with one person still missing.As of March 27, 2024, the search for the missing person was still actively underway…
The Oil Companies International Marine Forum (OCIMF) has published an updated information paper, Guidelines for the Control of Drugs and Alcohol in the Maritime Industry (2024).The paper aims to provide general guidance and recommendations for the maritime industry (operators of tankers…
QatarEnergy signed time-charter party (TCP) agreements with Qatar Gas Transport Company Limited (Nakilat) for the operation of 25, 174,000 cubic meter LNG vessels as part of the second ship-owner tender under QatarEnergy’s historic LNG Fleet Expansion Program…
Oil and gas company Perenco has reported an incident involving fire on its Perenco Becuna platform offshore Gabon.The incident took place on March 20, 2024 at approximately 15.25 (Gabon time).Initial reports indicate two persons have been injured and five are currently missing…
Brazil's president on Monday called for state-run oil company Petrobras to pay smaller dividends and invest more, in remarks recorded ahead of a meeting with the firm's chief executive, who held out hope of an extra dividend that was axed last week…
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