People & Company News

 

Widespread Salary and Job Cuts at Schlumberger

Apr 01, 2020

Oilfield services provider Schlumberger on Tuesday said it will implement widespread salary and job cuts as it grapples with a sharp decline in revenue from the oil price collapse.Oil prices have plunged by more than 60% since the start of the year, prompting scores of oil and gas producers to slash spending on drilling and services. On Tuesday, U.S. oil benchmark futures were trading around $20.69 a barrel…

Tullow Gets 'Much-Needed' Breathing Room

19 hours ago

Tullow Oil's lenders have approved the size of its reserves-based lending facility at $1.9 billion, giving the group $700 million of undrawn loans and cash at the start of the second quarter, it said on Friday.The company also said it was cutting its 2020 capital expenditure to $300 million…

Report: Petrofac to Let Go 20% of Workforce

Apr 02, 2020

Oilfield services provider Petrofac is launching a redundancy programme that it expects will end up reducing staff numbers by 20% as it seeks to cope with plunging oil prices, according to a source and an internal email seen by Reuters.The Britain-based company…

Samuel to Remain at Helm of UK's OGA until 2022 End

Apr 02, 2020

UK oil and gas industry regulator Oil and gas Authority (OGA) has informed that Andy Samuel will remain its CEO for an additional period of two years.Samuel's term extension at the helm of OGA has been confirmed by the Secretary of State for Business…

New Senior Exec Team for ROV Specialist Rovco

Apr 02, 2020

Rovco, a provider of remotely operating vehicles (ROV), has announced several key executive teams hires and internal appointments, including a new CFO and CTO.Reena Rowan has been appointed as Chief Financial Officer at Rovco, having previously…

Aker Solutions Slashes 650 Jobs in Norway and UK. More Cuts Ahead

Apr 01, 2020

Norwegian offshore engineering and construction company Aker Solutions laid off 400 employees in Norway and 250 employees in the UK, as per April 1, and it might need to lay off up to 6000 employees in Norway. The company has said the layoffs are temporary…

New CFO for Ocean Installer

Apr 01, 2020

Norway-based offshore oil and gas installation company Ocean Installer has appointed Ingrid Due-Gundersen as new Chief Financial Officer.Due-Gundersen has worked for international shipping company Leif Höegh & Co her whole career. She joined…

Eco Atlantic: Board, Management Salaries Cut up to 40%

Apr 01, 2020

Guyana and Namibia focused oil and gas company Eco Atlantic has said that its board and management have agreed to voluntary pay cuts of up to 40 percent, in the wake of the situation with the coronavirus and the low oil prices.The company has…

Qatar Eases Exit Visa Rules for Oil and Gas Sector

Mar 20, 2020

Qatar has removed exit visa requirements for an additional segment of its foreign labor force, including some of those working in the oil and gas industry, according to official tweets posted on Friday.Qatar in 2018 eliminated exit visas for many foreign migrant workers…

Darley Named LR Marine and Offshore COO

Mar 18, 2020

Lloyd’s Register (LR) said it has named Mark Darley as Marine & Offshore (M&O) Chief Operating Officer.Darley, who joined LR on graduation as a marine surveyor 20 years ago, is currently M&O President for North Asia and has held leadership positions in the UK…

Quality Companies Appoints Nunnally as CEO

Mar 16, 2020

Quality Companies has announced John Clay Nunnally will move from his role as chief financial officer (CFO) to chief executive officer (CEO).Nunnally was previously CFO for Quality Companies and co-owner, president and CFO of Quality Companies’ Zadok Technologies…

Noble Corp. CFO Steps Down. Replacement Named

Mar 16, 2020

Offshore drilling company Noble Corporation has informed that Richard Barker will be appointed as Chief Financial Officer of the company.The new appointment comes following the current CFO Stephen M. Butz's decision to to step down as Executive…

Wintershall Dea Appoints New COO

Mar 10, 2020

Oil and gas company Wintershall Dea will name Dawn Summers to the Executive Board and as Chief Operating Officer (COO).As COO, she will be responsible for the Business Units Germany, Norway, the Netherlands, UK and Denmark, Egypt, Libya, Algeria and UAE as of 1 June 2020…

Neptune Energy Names UK MD

Mar 10, 2020

Oil and gas company Neptune Energy has informed that Alexandra Thomas has joined the company as UK Managing Director, based in Aberdeen.Thomas joins Neptune from Tullow Oil plc, where she most recently held the position of Head of Exploration…

LR Names New Marine & Offshore Head for UK and Ireland

Mar 06, 2020

Lloyd's Register has appointed Elina Papageorgiou as its new Marine and Offshore President for UK and Ireland, starting April 1, 2020.Papageorgiou has held a variety of roles across North and South Europe in sales, marketing, and finance functions since joining LR in 2004…

Current News

Petrobras Delays Bids for Offshore Platform

Petrobras Delays Bids for Offshore Platform

Petronas Cautious over Dividend to Gov't as Energy Prices Tank

Petronas Cautious over Dividend to Gov't as Energy Prices Tank

Guyana's Oil Output Rises 58%

Guyana's Oil Output Rises 58%

Norwegian Gas Exports to UK Fall Sharply as Demand Slumps

Norwegian Gas Exports to UK Fall Sharply as Demand Slumps

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