People & Companies News


CGG CEO Joins TechnipFMC Board

Mar 02, 2021

Sophie Zurquiyah/Credit: CGGOilfield services company TechnipFMC has appointed Sophie Zurquiyah, who currently serves as Chief Executive Officer of the French seismic data firm CGG, to its Board of Directors and Audit Committee, effective April 1…

ExxonMobil Announces Two Board Appointments

Mar 01, 2021

U.S.-based oil major ExxonMobil said on Monday activist investor Jeffrey Ubben and Michael Angelakis have joined its board.Angelakis is chairman and CEO of independent strategic investment company Atairos. Prior to founding Atairos, he served…

Subsea 7 Expects 2021 Results to be Adversely Impacted by Virus, But Forecasts Rise in Revenue

Feb 25, 2021

Offshore installation contractor Subsea 7 expects its 2021 results to be adversely impacted by costs associated with the Covid-19 pandemic, including more contagious, new variants of the virus.Despite this, the company expects that revenue in 2021 will exceed the 2020 revenue level…

Ex-SBM Offshore Sales Manager Convicted in Bribery Case

Feb 25, 2021

A former sales manager of Dutch energy services company SBM Offshore was on Wednesday convicted by a London jury of conspiracy to bribe public officials to secure lucrative oil contracts in Iraq after the fall of Saddam Hussein in 2003.Paul Bond…

Alexey Miller to Stay at Gazprom Helm for Five More Years

Feb 25, 2021

Alexey Miller will remain at the helm of the Russian oil and gas giant Gazprom for another five years, the company said in a statement on Wednesday. 'The Board of Directors reviewed the issue of electing the Chairman of the Gazprom Management…

Rovco in Management Shift as CEO Set to Lead New Robotics firm Vaarst

Feb 25, 2021

Rovco, a UK-based provider of ROV services to the offshore energy industry, on Thursday said its CEO would lead a new start-up technology company, Vaarst, which will be looking for business opportunities in the wider industrial robotics sectors…

Ashtead Technology Upgrades Tech Center to Support Renewables and Decom Work. Launches Recruitment Drive

Feb 23, 2021

UK-based subsea technology and services provider Ashtead Technology said Tuesday it has invested £ 1million to develop a new R&D and engineering facility in Aberdeenshire to support renewables and decommissioning work. 'Upgrading an existing site at Thainstone Business Park…

Brazil's President Bolsonaro Nominates Retired Army General as Next CEO of Petrobras

Feb 22, 2021

Brazilian President Jair Bolsonaro's nominee to lead state-run oil company Petrobras said on Saturday the company needs to find 'balance' in fuel pricing, considering the impact on shareholders, investors, sellers and consumers.Joaquim Silva e Luna…

In a First, BP Offers Employees Shares in Rallying Cry for Low-carbon Shift

Feb 17, 2021

Oil major BP is launching its first share award scheme to rally its more than 60,000 employees around CEO Bernard Looney’s plan to shift to renewable energy following a bruising year of mass layoffs, bonus suspensions, and spending cuts.The distribution of the shares…

Mooring Solutions Firm FMS Bolsters Survey and Positioning Services

Feb 16, 2021

Aberdeen-based offshore energy mooring solutions provider First Marine Solutions (FMS), said Tuesday it had invested in a new office and workshop premises to bolster its survey and positioning services. It has also made new appointments.The…

Three60 Energy Names EPC&C Projects Director. Plans to Recruit 50 People

Feb 16, 2021

UK-based energy services company Three60 Energy has appointed Garrie Scott as Projects Director in its Engineering, Procurement, Construction and Commissioning (EPC&C) service line, and has outlined plans to recruit 50 people over the next 12 months…

Mediation Underway to Avert Possible Strike That Could Affect Norwegian Offshore Fields

Feb 15, 2021

Mediation is starting Monday on the wage deal between the oil workers' union SAFE and the Norwegian Oil and Gas Association in a bid to avert a potential strike that could shut down production from several offshore oil fields in Norway.'This…

Marathon Oil Lays Off 100 Workers

Feb 12, 2021

Marathon Oil Corp has laid off around 100 U.S. employees, or about 5% of its total workforce, a company spokeswoman told Reuters on Thursday, days after the oil and gas producer cut salaries for top executives and board members.Although oil…

OXY Restores Major Portion of CEO Pay as Oil Prices Rise

Feb 12, 2021

Occidental Petroleum Corp said on Thursday it had restored a major portion of its chief executive officer's base salary, nearly a year after its management and employees were to forced to take a pay cut to battle one of the industry's worst downturns…

Tullow Oil CEO: "We will be able to repay the debt"

Feb 10, 2021

Tullow Oil CEO Rahul Dhir said on Wednesday he expected talks with creditors, including bondholders, to end in the second quarter with a focus on matching maturities with expected cashflows.Tullow had a market capitalization of around $596 million on Wednesday and net debt of $2…

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