People & Companies News

 

Chevron to Cut a Quarter of Noble Energy's Employees

Oct 28, 2020

Chevron Corp will lay off about 25% of Noble Energy's employees who joined the oil major after its $4.1 billion purchase of the smaller rival earlier this month, the company told Reuters on Tuesday.A collapse in crude oil prices has forced most oil and gas producers to drastically cut costs by laying off thousands of employees and cutting down on drilling. For many companies, consolidation with larger players at low or no premiums is becoming the only option to survive…

Oceaneering Names Head of Business Development for Renewables

Oct 27, 2020

Oceaneering, mostly known as a provider of subsea services to the international oil and gas industry, has appointed Ben Hooker as Director of Business Development – Renewables.  In a statement on Tuesday, Oceaneering described Hooker as a seasoned…

BP Swings Back to Small 3Q Profit

Oct 27, 2020

BP swung back to a small profit in the third quarter but warned the pace of recovery from the pandemic remains uncertain and continued to weigh on fuel demand and refining profits.The London-based company said that while fuel demand in Asia…

Offshore Driller Launches "Wide range of cost-cutting measures"

Oct 26, 2020

The UK-based offshore drilling company Awilco Drilling on Monday said it would launch a 'wide range of cost-cutting measures,' citing a newbuild rig contract termination and delay in construction and start-up of another rig.'Awilco Drilling…

Ørsted's North America CEO Joins Shell's Renewables Division

Oct 23, 2020

Royal Dutch Shell has hired Ørsted's North America Chief Thomas Brostrom as Senior Vice President for its Global Renewable Solutions department starting next year, a Shell spokesman said on Friday.Shell is cutting around a tenth of its workforce…

Norway's Safe Union Breaks Off Wage Talks with Oilfield Services Firms

Oct 22, 2020

Wage negotiations between Norwegian oil service companies and the Safe labor union broke down on Thursday and will become subject to mandatory mediation later this year, union and industry officials said.Safe's 850 members are not permitted to strike at this point…

Former SNC-Lavalin CEO Joins McDermott Board

Oct 21, 2020

Offshore installation firm McDermott has appointed Neil Bruce, a former SNC-Lavalin CEO, to its Board of Directors.Bruce started his career in the North Sea basin with Brown and Root, delivering offshore projects for 10 years, then moved to…

Lounsbury Joins Harvey Gulf Subsea Solutions

Oct 19, 2020

U.S.-based Harvey Gulf Subsea Solutions said it has appointed LaDawn Lounsbury to its Business Development Team.Lounsbury brings to the position extensive subsea background and well-established client relationships, having previously held roles with Helix…

Outgoing Ørsted CEO Poulsen to Join AP Moller

Oct 19, 2020

Henrik Poulsen, CEO of offshore wind giant Ørsted, who recently announced his decision to step down after eight years with the firm, will join Denmark's maritime giant AP Moller Holding.The A.P. Moller Group comprises of A.P. Moller - Maersk…

As Oil Rout Hits Services Demand, Schlumberger Reports Third Straight Quarterly Loss

Oct 16, 2020

Top oilfield services provider Schlumberger NV on Friday posted its third straight quarterly loss as this year's slump in oil demand and prices due to the COVID-19 pandemic cut demand for its services.The company kicked off earnings from hard-hit U…

Westwood Hires Ex-Woodmac Man to Lead Energy Transition Business

Oct 16, 2020

Energy data and intelligence company Westwood Global Energy Group (Westwood) has appointed David Linden to the newly-created role of Head of Energy Transition. Based in London, Linden joins from Wood Mackenzie, where he was a Director within the company’s energy transition consulting division…

Tekmar Group Names New CEO

Oct 15, 2020

Tekmar Group, a provider of offshore energy equipment and services, has appointed Alasdair MacDonald as Chief Executive Officer.Alasdair MacDonald was Chairman of Tekmar Energy, a design, engineering, and manufacturing specialist of subsea protection systems for subsea cables…

Eni CEO Should Be Acquitted in Nigeria Graft Case, Lawyer Says

Oct 15, 2020

Eni Chief Executive Claudio Descalzi should be acquitted of corruption in a legal case concerning the purchase of an oilfield in Nigeria since there is no evidence to support the charges, Descalzi's lawyer told a Milan court on Wednesday.Speaking in the court hearing…

Ulstein Names Marti as CEO

Oct 13, 2020

Norwegian shipbuilder and vessel design group Ulstein announced Tuesday that its CFO Cathrine Kristiseter Marti has been promoted to replace long-serving CEO Gunvor Ulstein, who has decided to step down.Marti will take over as CEO on November 2 after six years as Ulstein Group's CFO…

Enhanced Drilling Appoints New CEO

Oct 13, 2020

Norwegian offshore drilling equipment provider Enhanced Drilling has appointed Kjetil Lunde as Chief Executive Officer.Enhanced Drilling said that Lunde had been a key member of the senior management team since 2016 as VP of Finance and Business Support…

Current News

Op/Ed: Candidates Should Not Ignore Offshore Safety Advances

Op/Ed: Candidates Should Not Ignore Offshore Safety Advances

MODEC Sets Out to Reduce Cost of Floating Wind Turbines

MODEC Sets Out to Reduce Cost of Floating Wind Turbines

Chevron Posts Q3 Profit

Chevron Posts Q3 Profit

GIEK Doubling Down on Offshore Wind

GIEK Doubling Down on Offshore Wind

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