Norwegian oil producer Equinor has started a search for a new chief executive, the Stavanger Aftenblad newspaper reported on Friday, citing unnamed sources.CEO Eldar Saetre, 63, who led the company through the oil market's downturn in 2014-2016…
SBM Offshore announced on Thursday that ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded the company contracts to perform front end engineering and design (FEED) for a third floating production, storage and offloading vessel (FPSO) in Guyana…
Offshore services provider Subsea 7 cut its 2019 revenue outlook on Thursday but predicted a rebound next year as demand for oilfield services and from renewable energy providers is set to increase, boosting its shares almost 6%.Subsea 7 now expects a slight decline in revenue this year from 2018…
McDermott International announced the appointment of Chris Krummel as Executive Vice President, Chief Financial Officer, effective immediately. Krummel joined McDermott in 2016 and previously served as the company's Global Vice President, Finance and Chief Accounting Officer…
Subsea and field development planning services provider Peritus International announced that Matthew Rawlings will be joining Peritus’ Perth office as Australia Pacific Regional Managing Director.Peritus has over 30 years' experience in the…
Drilling contractor Borr Drilling announced that Rune Magnus Lundetræ will step down from his position as Chief Financial Officer. Lundetræ, who has been with the company since 2016, will continue in his position while the company finds a replacement, the company said.
Saudi Arabia's giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world's biggest listing as the kingdom seeks to diversify its economy away from oil…
The oil and gas industry is witnessing wide-scale deployment of virtual reality (VR) technology across its value chain, according to GlobalData.According to the report, ‘Virtual Reality in Oil & Gas’, VR is finding its way into upstream, midstream…
The Offshore Renewable Energy (ORE) Catapult launched a new multimillion dollar national Floating Offshore Wind Center of Excellence to drive forward the development of next generation offshore wind technologies.The initiative is backed by up to £500…
Bids for North Sea oil and gas firm Siccar Point, backed by private equity groups Blackstone and Blue Water Energy, are due on Nov. 7 and are likely to target specific assets rather than the whole company, four industry sources said.The list…
Offshore drilling contractor Dolphin Drilling announced a two-month contract extension with i3 Energy for use of the Borgland Dolphin semi-submersible drilling rig and agreed to enter into a four-year strategic operations agreement between both companies…
Aker BP, Schlumberger and Stimwell Services have established the Well Intervention and Stimulation Alliance to accelerate and boost oil production.The 5+5 year tripartite agreement was signed by the CEOs of the three alliance partners at a venue at Aker BP’s Headquarter at Fornebu on Tuesday…
Premier Oilfield Group has appointed Patrick “Paddy” Keenan as CEO, beginning October 28, 2019, the oilfield services company announced on Tuesday.Keenan brings to the role experience in both the US and international oil and gas industries,…
The Norwegian Competition Authority has rejected the proposed merger between Scandinavian offshore accommodation/construction support providers Prosafe and Floatel.Oslo-listed accommodation services player Prosafe in a press release said that it will study the decision in detail…
C-Kore Systems announced it has been honored with The Queen’s Awards for Enterprise, in the Innovation category.The company welcome two Deputy Lord Lieutenants of North Yorkshire, David Kerfoot MBE DL and Trevor Watson JP DL, to its offices near York…
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