People & Companies News

 

Petrobras: 10,000 People Accept Voluntary Buyouts

Jul 02, 2020

Some 10,000 employees of Brazil's Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on Wednesday, as the state-run oil company intensifies its quest to slim down and refocus on core businesses…

McDermott Emerges From Bankruptcy

Jul 01, 2020

Offshore engineering and construction company McDermott has successfully completed its restructuring process after filing for bankruptcy in January to restructure its $4.6 billion debt.The company said Wednesday its balance sheet restructuring equitized nearly all of McDermott's $4…

AqualisBraemar Names South East Asia Head

Jul 01, 2020

Marine and offshore consultancy AqualisBraemar has appointed John Harris as its new regional managing director of the South East Asia region.Harris will oversee the company’s operations in South East Asia (SEA), including its offices in Indonesia…

China's Sinopec Starts Hiring for New Risk Management Unit

Jun 29, 2020

China Petrochemical Corp, or Sinopec Group, has started hiring for six top management positions for a new commodities risk management unit, according to a statement posted on the state energy company's official wechat account on Sunday.Formally…

Hunting Slashes 25% of Workforce

Jun 29, 2020

Oilfield services group Hunting Plc has cut its workforce by a fourth as low oil prices and weak demand slammed most of its business units in the second quarter, the company said on Monday.The manufacturer and services provider, which had 2…

RWE Faces Heated AGM Over Coal Exit, Green Future

Jun 26, 2020

RWE sought on Friday to convince shareholders of its plans to move away from fossil fuels as environmentalists protested in its coal regions and as Germany prepares to pass a coal exit law from which it stands to gain 2.6 billion euros ($2.92 billion)…

Oxy Plans $9B Writedown on Bleak Oil Price Outlook

Jun 26, 2020

Occidental Petroleum Corp will write down the value of its oil and gas properties by up to $9 billion this quarter and restructure some debts to avoid a possible default, the company said on Thursday.The U.S. oil producer is trying to shed nearly…

Shell Taps Danos for U.S. Gulf of Mexico Workforce

Jun 25, 2020

U.S. oilfield services provider Danos has won a contract with Shell to provide a production workforce across Shell production assets in the Gulf of Mexico.The assets to be covered by the agreement include Appomattox, Auger, Enchilada, Salsa…

Norwegian Petroleum Directorate Names New Senior Management Team

Jun 25, 2020

The Norwegian oil and gas regulator Norwegian Petroleum Directorate has appointed new senior management team.'The six directors who will make up the Norwegian Petroleum Directorate’s senior management team along with Director General Ingrid Sølvberg have now been employed…

Tendeka VP Joins OGTC Board

Jun 25, 2020

Aberdeen-based Oil & Gas Technology Centre (OGTC) has appointed Tendeka’s VP for Europe, Russia, CIS & Africa, Gillian King, to its Board of Directors.'Gillian has worked in the oil and gas industry for almost 20 years and is passionate about new technology…

U.S. Oil Firms Hit Brakes on Return-to-work as Virus Cases Soar

Jun 25, 2020

U.S. energy companies slammed the brakes on returning staff to their Houston offices as COVID-19 cases soared and top hospitals warned they could soon run out of beds for the most severely ill patients.A record number of new illnesses in Texas…

deugro Names Hutchinson VP – Oil & Gas Logistics

Jun 24, 2020

Freight forwarding and project logistics solutions provider deugro has named Jessica Hutchison as Vice President Global Key Accounts – Oil & Gas Logistics.She is responsible for managing and developing deugro’s portfolio of global key accounts within the Oilfield Services division…

Coleman Expects to Stay Woodside CEO for a Few More Years

Jun 23, 2020

Woodside Petroleum Chief Executive Peter Coleman expects to remain in the top job for around two or three more years, with the company grappling with a review of its project timeline and possible acquisitions, he said on Tuesday.While the company weighs acquisitions…

Rovco Opens Edinburgh Office

Jun 23, 2020

The UK-based provider of ROV services to the offshore energy industry has opened a new office and operational base in Edinburgh, Scotland to serve its current portfolio of offshore renewable and energy projects renewable and energy projects…

Nord Stream 2 Finds Replacement for Chief Project Officer

Jun 22, 2020

Nord Stream 2 (NS2), the company for building a transport link for Russian gas into Germany under the Baltic Sea, on Friday said a departing top manager had already been replaced, allowing progress of the project.Earlier, the consortium confirmed…

Current News

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Seanovent, Strohm in Offshore Wind-to-hydrogen Collab

Lhyfe, DORIS to Install Hydrogen Production System on Floating Wind Turbine

Lhyfe, DORIS to Install Hydrogen Production System on Floating Wind Turbine

Seplat Looking to Buy Exxon's Shallow Water Fields in Nigeria

Seplat Looking to Buy Exxon's Shallow Water Fields in Nigeria

U.S. Oil Drilling Review Proposes Higher Fees, Development Curbs

U.S. Oil Drilling Review Proposes Higher Fees, Development Curbs

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