People And Companies News

 

Norway: Six Offshore Oil Fields Shut as More Workers Join Strike

Oct 06, 2020

Six Norwegian offshore oil and gas fields were shut on Monday as more workers joined a strike over pay, companies and union officials said.The strike will cut Norway's total output capacity by just over 330,000 barrels of oil equivalent per day, or about 8% of total production, according to the Norwegian Oil and Gas Association (NOG).The dispute began on Sept. 30 when a group of 43 workers organized by the Lederne union went on strike after wage talks failed between the union and the NOG…

Halliburton Posts Fourth Straight Quarterly Loss

Oct 19, 2020

Halliburton Co posted its fourth-straight quarterly loss on Monday, as the world's second-largest oilfield services provider struggles with a plunge in demand and lower oil prices.Even though oil prices have recouped some of their losses from the historic lows of March and April…

Borr Drilling Names Veteran Oilfield Services Exec as New CFO

Oct 14, 2020

Jack-up drilling rig contractor Borr Drilling has appointed Christoph Bausch as its new Chief Financial Officer, replacing Francis Millet with effect from November 1, 2020.Previously, Bausch served as Executive Vice President and Chief Financial Officer of Weatherford…

Golar Unit Names New Boss as Former CEO Steps Down Amid Bribery Probe in Brazil

Oct 12, 2020

Golar LNG said on Monday Hygo Energy Transition Ltd, a joint venture between Golar and U.S. private equity firm Stonepeak Infrastructure Partners, has appointed Paul Hanrahan as chief executive officer after Eduardo Antonello stepped down, following a corruption investigation in Brazil…

Looming Strike Could Close 22% of Norwegian Oil and Gas Output

Sep 25, 2020

Norwegian oil firms plan to close down 22% of the country's oil and gas output, or 900,000 barrels of oil equivalent per day, if workers go on strike next week, the Norwegian Oil and Gas Association (NOG) said on Friday.Some 324 workers out of 7…

Dolphin Drilling Adds Ex-Nordea Director as New Board Member

Sep 24, 2020

Offshore drilling company Dolphin Drilling has appointed Ronny Bjørnådal (48) as a Non-Executive Director of its Board of Directors.Bjørnådal was previously Managing Director and Head of Global Maritime Loans in Nordea, the largest financial institution in the Nordics…

Offshore Helicopter Firm Bristow Names CFO

Sep 17, 2020

Offshore helicopter operator Bristow has appointed Jennifer Whalen as Senior Vice President and Chief Financial Officer.Whalen will be responsible for accounting, financial reporting, investor relations, M&A, tax, and other financial aspects of the company…

Former U.S. Ambassador to Russia Rejoins Chevron Board

Sep 08, 2020

Jon Huntsman Jr., the former U.S. Ambassador to Russia and the former Governor of Utah, has been re-elected to Chevron's board of directors.Huntsman, 60, was a member of the U.S. oil company's board from 2014 to 2017, serving on the Audit Committee…

Hurricane Energy Picks Ex-Pharos Energy Man as New CEO

Aug 21, 2020

UK-based oil and gas company Hurricane Energy has appointed Antony Maris as Chief Executive Officer ('CEO') designate, and executive director of the company.Maris' appointment follows the resignation of Hurricane Energy's long-standing CEO Robert Trice…

Boskalis 1H Earnings, 2020 Goal Beat Forecasts

Aug 20, 2020

Dutch marine services provider Boskalis said on Thursday it expected its 2020 core profit to match last year's result, offering a more optimistic outlook than market forecasts citing well-filled order books.The dredging giant, which counts energy companies among its major clients…

Gulf of Mexico Oil Firm Fieldwood Energy Files for Bankruptcy

Aug 05, 2020

U.S. offshore oil and gas producer Fieldwood Energy said Tuesday it had filed for chapter 11 bankruptcy to restructure the company.The company filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas…

Eni Names CFO

Aug 03, 2020

Italian oil and gas company Eni has named Francesco Gattei as its Chief Financial Officer.In 2019, Gattei moved to Houston to become Eni's Upstream Director of the Americas, managing the E&P business in the USA, Mexico, Venezuela, and Argentina…

Talos CEO Becomes Vice-Chairman of U.S. Offshore Industry Body NOIA

Jul 30, 2020

Tim Duncan, CEO of Talos, an oil and gas company focused on exploration and production in the Gulf of Mexico, has been appointed Vice Chairman of the U.S. National Ocean Industries Association (NOIA).Duncan will join NOIA Chairman and Halliburton…

Subsea 7 Posts $922M Loss in Q2 on Impairment Charges. Offshore Wind Boosts Orderbook

Jul 29, 2020

Offshore installation services company Subsea 7 reported a Q2 net loss of $922 million, compared to a profit of $24 million in Q2 2019, due to impairment charges of $807 million.The second-quarter revenues of $754 million was 21% lower than in the second quarter of 2018…

Norway: Equinor's Operating Profit Dives, But Beats Estimates

Jul 24, 2020

Equinor on Friday reported a drop in second-quarter operating profit but a strong performance from its refinery and trading business helped to counter a coronavirus-led slump in oil and gas prices allowing the group to beat forecasts.The Norwegian…

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