Rovco, a provider of remotely operating vehicles (ROV), has announced several key executive teams hires and internal appointments, including a new CFO and CTO.Reena Rowan has been appointed as Chief Financial Officer at Rovco, having previously…
Norwegian offshore engineering and construction company Aker Solutions laid off 400 employees in Norway and 250 employees in the UK, as per April 1, and it might need to lay off up to 6000 employees in Norway. The company has said the layoffs are temporary…
UK North Sea-focused oil company Repsol Sinopec Resources UK Limited has appointed Jose Luis Muñoz as its Chief Executive Officer, effective April 1, 2020.Muñoz replaces Bill Dunnett, who had been in the CEO since 2015. Repsol Sinopec said Dunnett…
Oilfield services provider Schlumberger on Tuesday said it will implement widespread salary and job cuts as it grapples with a sharp decline in revenue from the oil price collapse.Oil prices have plunged by more than 60% since the start of the year…
Norway-based offshore oil and gas installation company Ocean Installer has appointed Ingrid Due-Gundersen as new Chief Financial Officer.Due-Gundersen has worked for international shipping company Leif Höegh & Co her whole career. She joined…
Guyana and Namibia focused oil and gas company Eco Atlantic has said that its board and management have agreed to voluntary pay cuts of up to 40 percent, in the wake of the situation with the coronavirus and the low oil prices.The company has…
Norway-based offshore vessel owner Siem Offshore has received some breathing room after reaching an agreement with its banks.The company last week warned that the extreme fluctuations in the financial markets over the past weeks „have resulted…
Vietnam Oil and Gas Group is cutting employee salaries to rein in costs as it grapples with low oil prices and a coronavirus pandemic that has infected 212 people in the southeast Asian nation, the company said on Wednesday.The move was part of efforts to cut costs by 15% to 30%…
Norwegian Oil and Gas Association has appointed Anniken Hauglie, former Minister of Labour and Social Affairs, as its new CEO.The association representing interests of oil and gas companies in Norway expects to benefit from Hauglie's political experience…
Abu Dhabi-based Gulf Marine Services (GMS) said on Tuesday it had reached an agreement with its syndicate of banks to restructure its debt that will help it weather the coronavirus crisis.London-listed GMS provides support vessels for offshore oil and gas and other energy installations…
Norway will allow entry to certain European citizens for work in sectors critically short of labor including agriculture and the oil industry despite its lockdown to fight the coronavirus pandemic, the government said on Monday.The measure, which takes immediate effect in the Nordic country…
Offshore oil and gas logistics company ASCO has appointed Gary Paver as its new Group Chief Financial Officer.Paver is a Chartered Accountant with over 25 years' experience in oil and gas including roles with Halliburton, Petroleum Engineering Services and most recently as Senior Vice President…
Norwegian offshore survey company has announced severe cost-cutting measures that will lead to termination of most employees and consultants and cold stacking of vessels.EMGS recently lost what was expected to be a long-term contract with Pemex in Mexico…
The CEO of Murphy Oil has taken a medical leave due to coronavirus concerns.The US-based exploration and production company announced Thursday that Roger W. Jenkins will step down temporarily pending test results and a presumptive diagnosis of COVID-19…
Schlumberger, the world's largest oilfield services company, on Tuesday said it would cut spending by 30% this year from last year's levels as the oil market has been roiled by the coronavirus outbreak and Saudi-Russia price war.The company…
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