People And Companies News


Borr Drilling Names New CFO

Dec 28, 2020

Offshore drilling contractor Borr Drilling has appointed Magnus Vaaler as its new Chief Financial Officer, replacing Christoph Bausch with effect from December 28, 2020.Vaaler currently serves as VP of Investor Relations and Treasury in the company…

Biden Set to Announce Picks for Core Climate and Energy Jobs

Dec 16, 2020

U.S. President-elect Joe Biden is close to announcing a slate of Cabinet nominees who will be central to his administration’s sweeping plan to fight climate change, according to sources familiar with the matter.The picks include a diverse list of nominees to head the departments of Energy…

Premier Oil CEO Steps Down from Board Ahead of Chrysaor Merger. New Company Name Revealed

Dec 16, 2020

UK-based oil and gas company Premier Oil, which is set to merge with rival Chrysaor, said Wednesday that its CEO Tony Durrant had stepped down from the Board of Directors, and would step down as CEO at the end of the month.Richard Rose will be the Interim Chief Executive from January 1…

Vår Energi CEO Kragseth to Leave. Set to Take Helm at Petoro

Dec 10, 2020

Norwegian oil and gas company Vår Energi has informed that its CEO Kristin Kragseth will leave the company for her new role as CEO of Petoro, a Norwegian government-owned oil and gas firm.Kragseth was appointed CEO when Vår Energi was established…

Strike Could Hit Norway's Gas Exports, Close Offshore Fields

Nov 27, 2020

A key export terminal for Norwegian natural gas will close down on Saturday if a labour strike goes ahead as planned, resulting in a reduction of supplies to Europe, gas system operator Gassco said on Friday, sending prices sharply higher.The…

Equinor Promotes More Female Executives in Management Overhaul

Nov 16, 2020

Norwegian oil major Equinor is promoting more women to its top leadership team, including the head of a new digital technology division, while cutting the group's overall number of senior executives, it said on Monday.It is the first corporate reshuffle by Chief Executive Anders Opedal…

DOF Subsea Names Acting CFO

Nov 13, 2020

Norwegian subsea support vessel owner DOF Subsea has appointed Martin Lundberg as Acting Chief Financial Officer (CFO) with responsibility for the corporate finance functions in the DOF Subsea Group. The appointment is effective from January 1…

Former Petronas Exec to join EnQuest Board

Oct 23, 2020

UK-based, the North Sea and Malaysia focused, oil and gas company EnQuest said Friday it intended to appoint Farina Khan as a Non-Executive Director of the EnQuest Board with effect from November 1, 2020. On joining the Board, Farina Khan will…

Equinor CFO Resigns

Oct 23, 2020

Norwegian energy company Equinor said Friday its CFO Lars Christian Bacher would resign from his position.Bacher has been with Equinor since 1991, holding a number of leadership positions over the years, including as offshore installation manager…

New CEO Named for Ørsted Offshore North America

Oct 22, 2020

Denmark-based offshore wind giant Ørsted has appointed David Hardy as new CEO of its U.S. subsidiary Ørsted Offshore North America. Hardy, who becomes CEO after previously serving as COO, will replace Thomas Brostrøm who has led Ørsted Offshore North America since the summer of 2015As CEO…

Floating Wind Tech Firm Principle Power Names CFO

Oct 22, 2020

Floating offshore wind farm technology developer Principle Power has appointed Paula Rosa as Chief Financial Officer effective immediately.Rosa, who will report to CEO João Metelo, has more than two decades of experience as a partner to executive teams…

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…

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…

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