People & Companies News

 

Kvaerner Sends Workers on Temporary Leave. Execs Cut Own Salaries

Mar 24, 2020

Kvaerner, a Norwegian offshore engineering and construction company, has said its executive management will cut its salaries. The company has also placed 30 employees on temporary leave, with this number set to increase.This is a part of the…

CNOOC Names New President

Mar 20, 2020

Chinese oil company CNOOC has announced the appointment of Hu Guangjie executive director and president of the company. In a statement on Friday, CNOOC said that Xu Keqiang had resigned as the President of the Company, but would remain an Executive…

Equinor Workers to Stay Offshore for Longer Due to Coronavirus

Mar 16, 2020

Equinor will extend its employees' shifts at offshore platforms to 21 days from 14 days to reduce the risk of coronavirus spread, the oil company said on Monday, as oil and gas production offshore Norway continued as normal.Equinor recorded…

Ex-Bureau Veritas Man Joins Lloyd's Register

Feb 21, 2020

On the back of several major consultancy and maintenance optimization contracts wins in offshore and onshore oil and gas exploration space, Lloyds Register has appointed Yvo Yansen as Global Business Development Director for Energy business…

Leadership Change at Noble Corp

Feb 20, 2020

Offshore drilling company Noble Corp. has announced that Julie J. Robertson will resign as President and Chief Executive Officer of the company at the next annual general meeting. She will take on the newly created role of executive Chairman of the Company's Board of Directors…

Norwegian Seismic Player Names New CFO

Feb 17, 2020

Norwegian oilfield seismic data company TGS has named Fredrik Amundsen as the new Chief Financial Officer, to replace Dean Zuzic who joined the company last year after the acquisition of rival Spectrum.Amundsen has served as Executive Vice President (EVP) Europe at TGS…

NABU Objects to Gennaker OWF

Feb 16, 2020

A German non-governmental conservation organisation, Naturschutzbund Deutschland e.V. (NABU), has filed an objection to the building permit for the Gennaker offshore wind farm (OWF) in the coastal waters of Mecklenburg-Western Pomerania.Massive…

Teesside Univ, Sofia OWF Ink Skills Partnership

Feb 11, 2020

UK's Teesside University and Sofia Offshore Wind Farm (OWF), a project by German energy company Innogy SE, have signed an agreement setting out how they will work together to build local skills and capabilities to equip students for careers in the rapidly growing offshore wind sector…

Cost Cuts Pay Off for NOV

Feb 07, 2020

National Oilwell Varco beat estimates for its fourth-quarter profit on Thursday, as the oilfield services provider cut costs to counter an ongoing decline in North American drilling activity. Lower crude prices and investor demand for higher returns have forced U…

TÜV SÜD, IX Wind Join Forces for Wind Power

Feb 06, 2020

The global testing, certification, inspection and training provider TÜV SÜD and Taiwan's IX Wind have signed a memorandum of understanding (MOU) to cooperate in various wind power industry services in Taiwan and Japan.Combining forces in the Taiwanese and Japanese wind power industry…

Total Beats Quarterly Forecasts Despite Low Oil Price

Feb 06, 2020

Total beat forecasts on Thursday by keeping net adjusted profit for the fourth quarter steady at $3.2 billion despite low oil prices and fulfilled a pledge to boost dividends, lifting the French energy major's shares. Analysts had forecast net profit of about $2…

Equinor Q4 Profit Beats Forecast Amid Oilfield Startup

Feb 06, 2020

Norway's Equinor reported a smaller-than-expected drop in fourth-quarter core operating profits on Thursday as the startup of a major new oilfield partly mitigated the impact from weak European gas markets. The Oslo-listed company's adjusted earnings before interest and tax (EBIT) fell to $3…

ConocoPhillips Misses Profit Estimates

Feb 04, 2020

U.S. oil and gas producer ConocoPhillips reported a lower-than-expected quarterly adjusted profit on Tuesday and boosted its share buyback program by $10 billion.Investors have made higher returns a key priority, pressing oil and gas drillers…

BP 4Q Profit Drops. Bob Dudley Steps Down as CEO

Feb 04, 2020

BP on Tuesday boosted its dividend payout after a 26% drop in fourth-quarter profit on lower oil and gas prices which still beat forecasts.On Chief Executive's Bob Dudley last day in office, London-based BP increased its dividend by 2.4% to 10…

Worley CEO to Step Down. Replacement Named

Feb 03, 2020

Australia-based oilfield services and engineering company Worley has named a new CEO after Andrew Wood decided to retire after 26 years with the company, seven as CEO.He will be replaced by Chris Ashton, who has been with Worley since 1998, most recently serving as the Chief Operating Officer…

Current News

Tullow Says 58 Workers Test Positive for COVID-19 Offshore Ghana

Tullow Says 58 Workers Test Positive for COVID-19 Offshore Ghana

Turkey May Begin Drilling Under Libya Deal in 3-4 Months

Turkey May Begin Drilling Under Libya Deal in 3-4 Months

Norway Earmarks $369M for Green Industry Investments

Norway Earmarks $369M for Green Industry Investments

Oil Drops but Still Set for Biggest Monthly Gain in Years

Oil Drops but Still Set for Biggest Monthly Gain in Years

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