People & Company News


U.S. Offshore Vessel Owner Harvey Gulf Welcomes Philip Luongo as Executive VP

May 09, 2023

U.S.-based offshore vessel owner Harvey Gulf International Marine has said that Philip Luongo, a New York native and graduate of the United States Merchant Marine Academy, has joined the company. After graduating Kings Point, Luongo upgraded his Unlimited U…

Moving Shell Head Office Not a Priority, CEO Sawan Says

May 04, 2023

Relocating Shell's headquarters from London is not on Chief Executive Wael Sawan's priority list, he said on Thursday, as he focuses on narrowing the energy giant's share performance gap with U.S. rivals. Shares of Europe's top energy companies including Shell…

Mexico's Pemex Quarterly Profit Nearly Halves as Sales, Revenues Fall

May 04, 2023

Mexican national oil company Pemex said on Wednesday its net profit almost halved in the first quarter to $3.15 billion, as weaker sales outweighed lower costs and currency gains from a stronger peso.In a securities filing, Pemex said profit declined from about $6…

Shell Posts Q1 Profit of $9.65B

May 04, 2023

Shell on Thursday posted first-quarter net profit of $9.65 billion, topping analysts' forecasts, as strong earnings from fuel trading offset cooling oil and gas prices. Shell kept its dividend unchanged at $0.2875 per share and also kept the…

Former Aker Solutions CEO, Luis Araujo, Becomes Chairman of CRC Evans

May 03, 2023

Bluewater-backed CRC Evans, a company offering welding and coating services to the energy sector has appointed Luis Araujo, former CEO of Aker Solutions, as its Chairman to help drive its next growth phase.'The appointment comes after a transformational year for the business…

BP's Profit Rises to $5B as Share Buyback Slows

May 02, 2023

BP BP.L made a profit of $5 billion in the first quarter of 2023, up from the previous three months on the back of strong oil and gas trading, but the company's shares fell as it slowed a share buyback program.BP's results, which beat forecasts…

Hegazi Becomes CEO of ARO Drilling

May 02, 2023

Offshore drilling contractor ARO Drilling, a 50/50 joint venture between Valaris and Saudi Aramco, has appointed Mohamed Hegazi as Chief Executive Officer.Hegazi previously served as Chief Executive Officer of TGT Diagnostics, a provider of…

Woodside Directors Re-elected Despite Climate Strategy Concerns

Apr 28, 2023

Woodside Energy Group Ltd's WDS.AX shareholders on Friday supported its management pay report and re-election of directors despite a strong push by activist groups and some smaller investors upset over its climate report to reject the plans…

BASF Eyes Sale of Wintershall Dea, IPO Preferred Option

Apr 27, 2023

German chemicals group BASF on Thursday said it was working to exit energy business Wintershall Dea, with a stock market listing remaining the preferred option.CEO Martin Brudermueller also flagged a possible sale of the oil and gas producer to investors…

Prosafe CEO Stepping Down after More than 6 Years in Position

Apr 27, 2023

Jesper Kragh Andresen is stepping down as CEO of offshore accommodation firm Prosafe after more than 6 years in the position.He will continue with his current role until his successor is in place. Jesper Kragh Andresen said: 'It has been a privilege…

Capricorn Plans $575M Payouts and Picks New CEO

Apr 27, 2023

Capricorn Energy plans $575 million in shareholder payouts under a new CEO with experience of renegotiating Egyptian licenses, it said on Thursday, after two mergers failed amid investor revolts that also toppled its previous leadership. The…

Ex-Ensco CEO Joins Borr Drilling as Director

Apr 26, 2023

Offshore drilling rig firm Borr Drilling has appointed Daniel Rabun, former CEO of Ensco, as a company director to fill existing vacancy with effect April 25, 2023.Rabun served as Chairman of the Board, President and Chief Executive Officer of Ensco plc…

Society of Petroleum Engineers Appoints Simon Seaton as new CEO

Apr 24, 2023

The Society of Petroleum Engineers (SPE) said Monday that Simon Seaton had been hired as Chief Executive Officer. 'In the CEO role, Seaton will work with the  Board of Directors on the short- and long-term development and growth of SPE as the…

Keppel's Profit Boosted by Sale of Offshore & Marine Business

Apr 20, 2023

Singaporean conglomerate Keppel Corp Ltd on Thursday posted a higher net profit for the first quarter, boosted by a significant one-off gain recognized from the sale of its offshore & marine unit.In February, Sembcorp Marine completed a S$4…

Baker Hughes Beats Profit Estimate

Apr 19, 2023

Oilfield firm Baker Hughes Co beat first-quarter profit estimates on Wednesday, as stronger oil prices have supported demand for its equipment and services. Global oil futures are currently trading around $83.12 a barrel, down about 22% from…

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