People & Company News

 

Arabian Drilling Set to Raise over $700M in IPO

Oct 12, 2022

Arabian Drilling Company, a Saudi oilfield services firm, said on Tuesday it will price its initial public offering at 100 riyals a share and is set to raise 2.67 billion riyals ($710.58 million).The final price is at the top end of a price range announced last month…

Semco Maritime Names Managing Director of UK Business

Oct 12, 2022

David C. Hutchinson has been appointed Managing Director and UK Country Head of Semco Maritime, a Danish based engineering and contracting company focused on the energy sector.Hutchinson be based in Aberdeen and lead Semco Maritime’s growth ambitions for the UK operations…

Seadrill Approved to Relist on the New York Stock Exchange

Oct 11, 2022

Offshore drilling contractor Seadrill announced on Tuesday that it has received approval to relist its common shares on the New York Stock Exchange under the ticker symbol 'SDRL'.The company voluntarily delisted from the NYSE in June 2020, several…

Equinor's EVP Exploration and Production International to Resign

Oct 10, 2022

Al Cook, Equinor's executive vice president for Exploration and Production International, has informed the Norwegian energy giant that he will resign to become CEO of a company outside the energy industry.'To secure a good hand over to his successor…

Petrobras Taps Brazil Treasury Official for Executive Post, Sources Say

Oct 06, 2022

Brazilian Treasury official Esteves Colnago has been tapped for a position on the executive board of Petrobras, two sources told Reuters on Thursday, as part of a broad shakeup at the state-run oil company under its new chief executive.It was not immediately clear if Colnago…

Offshore Drilling Workers Plan Strike in UK

Oct 05, 2022

Labour union Unite Scotland said on Wednesday that more than 300 offshore drilling and contract maintenance workers employed by companies including Maersk and Odfjell have backed a strike action in the UK.The Unite union said the industrial…

U.S. Offshore Wind Developer Names Its First CEO

Oct 05, 2022

Atlantic Shores Offshore Wind, a 50/50 partnership between Shell New Energies US LLC and EDF Renewables North America, has appointed Joris Veldhoven as the company’s first Chief Executive Officer.The joint venture is working to develop offshore wind projects on the U…

Geoquip Names Turner CEO

Oct 04, 2022

Geotechnical data acquisition company Geoquip Marine appointed Richard Turner as its new Chief Executive Officer with former CEO Stewart Higginson moving to the role of Executive Chairperson. Existing Chairperson, Peter Østergaard Nielsen will…

Gazelle Wind Power Appoints CTO

Oct 04, 2022

Irish floating wind platform firm Gazelle Wind Power has appointed Jason Wormald, former Global Head of Innovation of Bridon-Bekaert Ropes Group, as Chief Technology Officer to lead the company’s product design and engineering.'In order to realize…

'Tax people in this room' to Help the Poor, Shell CEO Tells Energy Conference

Oct 04, 2022

European governments should tax the wealthy to help weaker parts of society weather soaring energy costs but not intervene to cap gas prices, Shell Chief Executive Officer Ben van Beurden said on Tuesday.Speaking before the Energy Intelligence Forum in London…

Semco Maritime Names New CFO

Oct 04, 2022

Danish energy industry engineering services firm Semco Maritime said Tuesday it had appointed Martin Oehlenschlæger (43) as CFO and member of the Executive Board on 1 October 2022, reporting to CEO Steen Brødbæk. He will succeed Jørgen Devantier…

AkzoNobel Names Ex-Weatherford Man as Americas Marine Regional Commercial Director

Oct 03, 2022

Coatings manufacturer AkzoNobel has appointed Michael Stulberg As New Regional Commercial Director For Marine And Protective Coatings Americas.According to the company, Stulberg brings to the role extensive expertise across sales and product…

Equinor Names Reitan as New CFO

Sep 30, 2022

Norwegian energy giant Equinor has appointed Torgrim Reitan as Chief Financial Officer and executive vice president in Equinor, with effect from October 6, 2022.Reitan succeeds Ulrica Fearn who has decided to leave the company to pursue a CFO opportunity outside the company…

Lyne Steps Into Chief Commercial Officer Role at Valaris

Sep 26, 2022

Offshore drilling contractor Valaris on Monday announced that Matt Lyne has commenced his role as senior vice president and chief commercial officer, having been appointed to the role in late May.Lyne previously served as chief commercial and strategy officer at rival Seadrill…

Archer Wins $50m Platform Drilling Contract

Sep 25, 2022

Archer secured a five year contract for the provision of platform drilling operations and maintenance services on seven installations with a U.K. North Sea operator.The new contract will commence November 1, 2022, in direct continuation of the…

Current News

Simulators Should Reflect Actual System Behavior, Not Perfection – Which Doesn't Exist in the Real World

Simulators Should Reflect Actu

St. Johns Ship Building Delivers Third CTV in 6 Months

St. Johns Ship Building Delive

Africa Oil to Buy Out BTG's 50% Stake in Nigeria Joint Venture

Africa Oil to Buy Out BTG's 50

EU to Place Sanctions on 19 Energy-Related Ships Including LNG Vessels

EU to Place Sanctions on 19 En

Subscribe for OE Digital E‑News

Offshore Engineer Magazine