People & Companies News

 

Polarcus Cuts 20% of Workforce

Jun 22, 2020

Offshore seismic services provider Polarcus is reducing its headcount further by 20 percent, the company said Monday, citing the market uncertainty and bleak near-term outlook caused by low oil prices and COVID-19.Oslo-listed Polarcus had on…

Neptune Energy Plans to Let 400 Office Workers Go

Jun 19, 2020

Oil and gas company Neptune Energy is looking to reduce its workforce by 400 positions, half of which are contractor roles, citing the impact of the COVID-19 and a drop in oil prices.'We anticipate approximately 400 roles across nine countries to be impacted by these proposals…

Norway: Endur, Oceano Set to Merge

Jun 19, 2020

Norwegian energy services firm Endúr has said it is working on a merger with compatriot marine engineering company Oceano.Endur, formed in 2019 after the merger of Bergen Group ASA with Endúr Fabricom, has signed a letter of intent with the…

Coro Energy Settles with Ex-CEO over Contract Termination

Jun 18, 2020

Southeast Asia-focused oil company has settled with its former CEO after he threatened to sue following the termination of his service agreement in April.Coro Energy said Thursday that, 'having received appropriate legal advice on legal action threatened against the company…

Van Oord to Lay Off 500 Employees

Jun 16, 2020

Dutch offshore and dredging contractor Van Oord said Tuesday it would lay off 500 people, citing effects of COVID-19 on its business.Van Oord said: 'As a company operating on a global scale, COVID-19 is having a major impact on our business…

Indonesia Targets IPOs of Pertamina Sub-holdings

Jun 12, 2020

Indonesia's State-Owned Enterprise Minister Erick Thohir said on Friday he aimed to group units of state oil and gas company PT Pertamina into 'sub-holdings' and launch initial public offerings within two years.Thohir is trying to revamp hundreds of Indonesian state companies to boost profitability…

Otto Energy Looking to Appoint Gulf of Mexico Veteran as New CEO

Jun 12, 2020

Oil and gas company Otto Energy has said that Matthew Allen will step down as Chief Executive Officer and from the Board as Managing Director effective immediately by mutual agreement following the completion of his two-year assignment to Houston…

Yara EVP Europe Joins Equinor Board

Jun 10, 2020

Norwegian energy company Equinor has elected Tove Andersen as a new member of its board of directors.Tove Andersen is recently appointed executive vice president for Europe in Yara International ASA, a Norwegian chemical company. Since 2018 she has been executive vice president…

BP to Lay Off 10,000 People by 2020 End

Jun 09, 2020

British oil major BP will lay off 10,000 people by the end of the year in a move to cut costs, the company's CEO Bernard Looney said in a social media post on Monday.Looney said: 'The oil price has plunged well below the level we need to turn a profit…

Weatherford CEO Steps Down

Jun 08, 2020

U.S. oilfield services company Weatherford has said that Mark A. McCollum, President, Chief Executive Officer, and a director, has left the company, effective immediately. McCollum, an executive with four decades of experience in the oil and gas industry…

Petronas CEO to Leave for Role at Malaysia Airlines

Jun 08, 2020

Malaysia's prime minister on Saturday appointed the finance chief at Petroliam Nasional Bhd (Petronas) to take over as chief executive at the state energy company, at a time when lower oil prices and the coronavirus pandemic have hit the firm's profits…

Havyard Names New CFO

Jun 04, 2020

Norwegian shipbuilding and technology group Havyard will appoint Erik Høyvik as CFO in Havyard Group from August 1, 2020.Havyard, which designs and builds various types of vessels, including those used in the offshore energy industry, said its current CFO Pål Aurvåg…

KCA Deutag Appoints New President of Offshore Branch

Jun 04, 2020

Drilling and engineering company KCA Deutag has named Ole Maier its new President of Offshore Business Unit.Maier, who has most recently served as Executive Vice President for Odfjell Drilling's Platform Drilling Operations, has succeeded KCA Deutag's Rune Lorentzen who will be retiring…

Solstad Offshore Names New CFO

Jun 02, 2020

Norwegian offshore vessel provider Solstad Offshore has appointed Kjetil Ramstad as the CFO position. Ramstad comes from the position as Finance Director in Solstad Offshore and has worked for the company since 2018. Prior to joining Solstad Offshore…

Aker Solutions CFO to Resign

Jun 02, 2020

Norwegian offshore engineering company Aker Solutions has said its Chief Financial Officer Ole Martin Grimsrud will resign in September.Aker Solutions said Tuesday that Grimsrud had given notice that 'he will leave the company September 1, 2020…

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