An EnVen Energy Corp co-founder claims the chief executive of the offshore oil and gas producer provided misleading production and financial data to the board and forced him out as president, according to a lawsuit in a Texas court.David Dunwoody…
Norwegian offshore support vessel owner DOF Subsea is seeking a revision of debt terms with creditors as it struggles to achieve a refinancing solution.The cash-strapped subsidiary of Oslo-listed DOF Group has launched a bid to align bond and loan covenants as its refinancing continues…
American multinational energy corporation ConocoPhillips has rewarded services firm TechnipFMC with a Global Supplier Recognition Award.According to a press release from the UK-based oil and gas services provider, the international awards go…
Offshore engineering consultant Aqualis has completed the acquisition of the London-based Braemar Shipping Services' offshore, adjusting and marine consultancy business Braemar Technical Services (BTS).The new company, called AqualisBraemar…
Equinor said it will make changes to the leadership of two corporate staff areas.Siv Helen Rygh Torstensen, head of the CEO office, will take over as General Counsel, succeeding Hans Henrik Klouman, who will take on a role as Senior Advisor to the EVP CFO from August 1…
International energy consultancy Xodus Group said it has added a new principal consultant to strengthen its renewables team as the company sets its sights on a range of new offshore developments.Dr. Adrian de Andres joins Xodus from Black &…
Ole Martin Grimsrud has been appointed Chief Financial Officer of Aker Solutions, effective August 1, 2019. He replaces Svein Oskar Stoknes, who is taking over as CFO of Aker on the same day.Grimsrud joined Aker Solutions in 2012 as Vice President…
Svein Oskar Stoknes has been appointed Chief Financial Officer (CFO) of Norwegian industrial investment company Aker, effective August 1, 2019.Stoknes, who has worked at Aker Solutions since 2007 and was named CFO in September 2014, replaces Frank O…
Swedish energy company Vattenfall has issued a EUR500mln green bond, its first such issuance, with the proceeds earmarked for a number of projects, including renewables.The bond with a tenor of seven years is offering investors the chance to “support the transformation of the energy system”…
Scotland-based energy equipment manufacturer and service provider Flowline Specialists announced changes to its senior management team, including the appointments of Ross Whittingham as CEO and Graeme Chalmers as COO.Whittingham, who was previously the firm’s engineering manager…
Danish wind turbine manufacturer MHI Vestas Offshore Wind has opened its first US office in Boston, Massachusetts.The office will focus initially on sales and strategy as it develops a local footprint for projects in the region as as MHI Vestas gears up for Vineyard Wind…
NorSea Wind, part of the Wilhelmsen Ship Management (WSM) Group, has named Anders Peter Pedersen as its new chief executive officer (CEO). Pedersen has extensive experience from the green energy sector. A lot has happened in the harbor since…
Taiwan Offshore Windfarm Service Corp (TOWSC) has entered into collaboration agreement with the UK energy industry recruitment outfit ERSG for future business in Taiwan's offshore wind sector. Both parties target the manning services from construction…
Drilling and engineering contractor KCA Deutag has appointed a new chief executive Joseph Elkhoury, as current boss Norrie McKay prepares to retire. McKay will remain with the group in an advisory capacity until December 31, 2019, working closely with Joseph to ensure a smooth transition…
Offshore driller Seadrill said it has appointed Stuart Jackson as Chief Financial Officer, effective upon release from his current employment which is expected by the beginning of August.Jackson will replace Mark Morris who announced he would step down from the CFO role in January…
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