Chemicals group BASF put the planned stock market listing of its Wintershall Dea business on hold on Wednesday until further notice, saying the market was underestimating the value of oil and gas companies.BASF and co-owner LetterOne will postpone the Initial Public Offering (IPO)…
Petrofac, a company for years known as simply an oilfield services provider, is transforming into an energy services firm with increasing involvement in the offshore wind business in recent years.To support its growth and offering in the new and renewable energy sectors…
The number of people working in the UK's offshore sector has increased to levels not seen since the national lockdown began in March 2020, according to OGUK, a trade organization representing the UK oil and gas industry.According to OGUK data…
Aberdeen-based North Star Renewables has created a new permanent senior role for offshore wind consultant Andrew Duncan to lead the company's expansion in offshore wind and increase its foothold in other green offshore energy industries.Duncan…
Energy services provider, Swire Energy Services (SES) said Monday it had invested in Portugal-based wind O&M technology start-up, BladeInsight, becoming a majority shareholding, with options for further future investment.Founded in 2015 by André Moura…
UK oil and gas company EnQuest has said it has signed a new senior secured borrowing base debt facility of around $600 million and an additional amount of $150 million for letters of credit for up to seven years.'The new facility will enable…
A Malaysian manager of Norway's largest oil services provider Aker Solutions was charged on Friday over allegations he submitted false documents in dealings with state-owned energy firm Petronas , according to a court charge-sheet.Ahmad Hatta Kamaruzzaman…
Offshore oil and gas exploration and production company Kosmos Energy has appointed Roy A. Franklin as a member of its Board of Directors, effective June 9, 2021. Franklin is a senior executive with more than 45 years in the energy industry…
Tom Selwood has been appointed Chief Financial Officer of Aker Offshore Wind, the recently established Norwegian floating wind developer. Selwood joins the company from Aker Horizons’ commercial finance unit where he has worked with M&A and financing for offshore wind projects…
Offshore energy services provider McDermott has appointed Samik Mukherjee as Executive Vice President and Chief Operating Officer. 'In this position, Mukherjee will continue to advance the company's long-term strategy through solid alignment of its service offerings to meet evolving customer needs…
David Dickson, CEO of offshore installation and construction firm McDermott has decided to resign, the company said Monday. Dickson was CEO of the company since December 2013.Lee McIntire, an independent director on the McDermott Board of Directors…
Harvey Gulf International Marine announced that Steve Olmos has been brought on board to manage and continue to grow Harvey Gulfs Subsea Solutions installations group.Olmos leaves Oceaneering International after 40 years in which he performed various roles…
Offshore helicopter operator NHV Group on Monday announced the appointment of Laurent Verhelst as Chief Financial Officer (‘CFO’). Verhelst will be a member of NHV’s Executive Committee reporting to CEO Steffen Bay. He will begin his employment in mid-June 2021…
KrisEnergy, an oil and gas company focused on Southeast Asia, said Friday it had filed a winding-up petition and that it would proceed to liquidation due to its inability to pay debts.KrisEnergy warned about this outcome back on March 31 when it said that the production from the Apsara field…
Offshore wind developer Ørsted has named Troy Patton as COO of its Offshore North American region, filling a post that has been vacant since David Hardy was designated CEO in October of 2020.'Patton has many years of leadership experience in the renewable energy industry…
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