For many investors, the appointment of former army general Joaquim Silva e Luna as the new chief executive of Brazil's state-run oil company Petrobras was unexpected - and unwelcome.President Jair Bolsonaro announced the 71-year-old Luna would take the helm of Petroleo Brasileiro SA…
Africa-focused oil company Vaalco Energy has named George Maxwell as Chief Executive Officer effective April 12, 2021. Cary Bounds who has served as Chief Executive Officer since 2016 will leave Vaalco to pursue other interests.Maxwell, who…
Dutch offshore services contractor Boskalis has served the Malaysian offshore construction firm Malaysia Marine Heavy Engineering (MMHE) with an arbitration notice over alleged cost overruns related to the Bokor platform project, in Malaysia…
Akselos, a company developing real-time digital twins for offshore energy industry applications, has appointed Shell Venture’s Michiel Van Haersma Buma as Vice President of Customer Success.Van Haersma Buma joins Akselos after a 12-year career with Shell as a commercial technologist…
Maritime Developments (MDL), a company providing consultancy, equipment, and personnel for the global offshore energy sectors, has appointed Chris Reid as its new Vice President VP - UK & EuropeMDL, which provides SURF handling back-deck equipment…
Integrated logistics and materials management company, ASCO, has appointed Craig Revie as General Manager of its specialist lifting division, NSL.Revie first joined ASCO in 2018 as head of Marine Services, Craig led initiatives in vessel monitoring…
BP expects to reach its $35 billion net debt target in the first quarter of 2021, the energy group said on Tuesday, following earlier-than-expected proceeds from disposals and a 'very strong' quarter.The company, which had a debt pile of $39 billion at the end of 2020…
Scottish Renewables, Scotland's renewable energy industry association, has created a new role aimed at strengthening the renewable energy industry’s voice in the transition to a net-zero energy system.The organization’s new Energy Transition…
Royal Dutch Shell has proposed linking its directors' pay more closely to the group's climate performance and severing the link between bonuses and liquefied natural gas (LNG) production volumes, it said on Monday.The weighting of Shell's energy…
Petroleo Brasileiro SA’s chief financial officer and three other top executives decided to leave the state-controlled producer after clashing with plans of the company’s incoming chief executive, a person close to the executives said.Topics…
Norway's minister of petroleum and energy, Tina Bru, has been diagnosed with COVID-19, along with her son and husband, she wrote on her Facebook page on Friday.'We are all feeling relatively well, and we obviously hope it will continue that way…
Subsea services and technology contractor Ashtead Technology has created a new role to head up its increasing activities in renewable energy.For this Ashtead Technology appointed Scott Stephen to oversee and enhance its service offering to support the global renewables market…
Offshore wind developer Ørsted has appointed Joanne Fernandez as Head of Government Affairs and Policy in New York.Fernandez will be responsible for setting and shaping the Ørsted legislative and regulatory agenda in New York as well as working…
Floatel International, a company providing offshore accommodation rigs for the oil and gas industry, said Wednesday it had successfully completed its comprehensive balance sheet restructuring.The company said it had secured a fully consensual deal among all key stakeholders…
Vaarst, an offshore robotics technology spin-off from ROV-services firm Rovco, was formally launched Wednesday.Vaarst says its goal is to revolutionize the offshore robotics sector - 'leveraging intelligent data flows for smart asset management…
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