People & Companies News


ENI CEO Might Step Down if Found Guilty of Corruption

Jan 27, 2020

Italian oil group ENI's Chief Executive Claudio Descalzi could step down if he is found guilty by an Italian court of corruption in Nigeria, he told the Wall Street Journal.Descalzi is one of the defendants in a case over the alleged payment of bribes to facilitate a $1…

Permanent Deals for Monadelphous' Ichthys Workers

Jan 24, 2020

Australian unions have negotiated permanent contracts for 70 percent of their members working for Monadelphous aboard Inpex facilities.'The Offshore Alliance and [Electrical Trades Union] negotiated Monadelphous INPEX facilities EBA [Enterprise…

TAQA Taking Over as Brae Field Operator

Jan 17, 2020

UAE-based oil company TAQA is set to take over operatorship over the Brae oil field in the UK sector of the North Sea from RockRose Energy.RockRose energy got hold of the licenses containing the Brae field last year, following the completion of the UK North Sea assets of the U…

TechnipFMC Affirms Company Split Timeline

Jan 17, 2020

Oilfield services company TechnipFMC has reaffirmed its planned split into two separate companies is „well on track“ for completion in the first half of 2020. TechnipFMC, formed in 2017 via a merger between France's Technip and U.S. FMC Technologies…

Seawave Welcomes Lekoil Scam Probe

Jan 16, 2020

A consultancy firm that allegedly arranged a fraudulent $184 million loan announced by Nigerian oil company Lekoil Ltd said on Wednesday that it welcomed an investigation into the matter.Shares in Lekoil Ltd fell by more than 70% following a…

Italy Court Acquits Saipem, Eni In Algeria Corruption Case

Jan 15, 2020

An Italian appeals court said on Wednesday it had acquitted oil services group Saipem and oil major Eni of alleged corruption charges in Algeria.The court also acquitted a series of other defendants, including former Eni Chief Executive Paolo Scaroni…

Lekoil in Trading Halt After Funding Deal Query

Jan 13, 2020

London-listed oil company Lekoil has suspended trading of its shares after the Qatari Investment Authority questioned the validity of its recently announced funding agreement.Lekoil, focused on oil and gas activities in Africa, earlier in January…

TGS names SVP Imaging. Strikes Google Cloud deal

Jan 13, 2020

Norway-based seismic data provider TGS has appointed Scott Mitchel, an ex-BP man, as Senior Vice President of Imaging at TGS. TGS has also signed a deal with Google Cloud for cloud-based computing capacity.Mitchell, who has 28 years of experience in the oil and gas industry…

Apache Corp To Close San Antonio Office, Cut 272 Jobs

Jan 10, 2020

U.S. oil and gas producer Apache Corp will close its San Antonio, Texas office overseeing its struggling Alpine High project in the Permian basin and 272 jobs will be affected.The closure follows the October resignation of Steven Keenan, the…

Providence's New CEO Eyeing Barryroe Investors

Jan 09, 2020

Irish oil and gas explorer Providence Resources has appointed Alan Linn as a new CEO. He hopes to help the company with the development of long-delayed Barryroe offshore oilfield. He will also join the board as an executive director.In a statement on Thursday…

RWE is Possible Takeover Target in Renewables Boom

Jan 09, 2020

RWE, Germany's largest power producer, could become a takeover target as big industry players strive to expand their renewable portfolios around the world, Goldman Sachs said in a research note on Wednesday.Following an asset swap with E.ON…

Tidewater Elects Larry Rigdon as Chairman

Nov 01, 2019

Tidewater, which owns and operates the largest fleet of offshore support vessels in the industry, announced that Larry T. Rigdon has been elected Chairman of the Board effective October 28th.Rigdon replaces Dr. Thomas R. Bates, Jr., who has recently resigned from the board…

POSH Acquires Pacific Workboats

Oct 10, 2019

Singapore-listed operator of offshore support vessels PACC Offshore Services Holdings (POSH) has agreed to acquire the 50 per cent stake held by Sembcorp Marine (SMM) in harbour services provider Pacific Workboats Pte Ltd (PWPL) for over US$679…

Current News

Ulstein Designs SOVs for Shanghai Electric

Ulstein Designs SOVs for Shanghai Electric

DOE Announces $25 Million for Wave Energy Research

DOE Announces $25 Million for Wave Energy Research

Ørsted and Eversource to Charter Newbuild CTVs from WindServe and AOS

Ørsted and Eversource to Charter Newbuild CTVs from WindServe and AOS

State Dept: Nord Stream 2 Will Not Move Forward if Russia Invades Ukraine

State Dept: Nord Stream 2 Will Not Move Forward if Russia Invades Ukraine

Subscribe for OE Digital E‑News

Offshore Engineer Magazine