Creditors of Premier Oil have extended a waiver for the group's debt covenant test until Nov. 5, Premier said on Thursday, granting it breathing space to avoid an immediate debt crunch and work on a longer-term plan.Premier needs to convince…
Offshore drilling contractor Seadrill has replaced CEO Anton Dibowitz. Seadrill's CFO Stuart Jackson will take Dibowitz's place, with immediate effect.Seadrill, which this week got more time from creditors to come up with a $7.3 billion debt restructuring solution…
Norway's Lederne labor union said on Wednesday it would escalate an oil workers' strike from Oct. 4 to four additional offshore fields.Several dozen workers went on strike on Wednesday at Norway and western Europe's largest oilfield, Johan Sverdrup…
Finland-based marine engine and technology provider Wärtsilä has appointed Håkan Agnevall as its next president and CEO.Agnevall, who is currently president of Volvo's bus division, will start in his role no later than in April 2021, succeeding Jaakko Eskola…
Royal Dutch Shell announced on Wednesday plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon energy.Shell, which had 83,000 employees at the end of 2019, said…
Oil workers organized by Norway's Lederne labor union will go on strike on Wednesday following a breakdown of wage talks, cutting Norway's crude output capacity by up to 470,000 barrels of oil per day (bpd), the union and employers said.The…
Thai offshore service provider Mermaid Maritime has completed the previously proposed exit from Asia Offshore Drilling, a joint venture firm with drilling contractor Seadrill.Earlier this month, Mermaid said it would exercise its put option and sell its 33…
OPITO, a UK-based skills and workforce body whose main focus has been offshore oil and gas - as its full name Offshore Petroleum Industry Training Organization suggests - is shifting its course and venturing into renewables.The organization…
Offshore heavy transport and installation contractor OHT has been admitted to trading on Merkur Market in Norway under the ticker code OHT-ME.OHT, which apart from its traditional heavy lift and transportation business is increasingly shifting focus on offshore wind…
Norwegian oil firms plan to close down 22% of the country's oil and gas output, or 900,000 barrels of oil equivalent per day, if workers go on strike next week, the Norwegian Oil and Gas Association (NOG) said on Friday.Some 324 workers out of 7…
Three Norwegian labor unions agreed on a wage deal with the owners of floating offshore oil rigs, preventing a strike that could eventually have halted the exploration for new oil and gas reserves, the unions, and companies said in separate statements on Thursday…
UK-focused offshore oil and gas firm Hurricane Energy said Wednesday that Alan Parsley had resigned from his position as Non-Executive director.Parsley, 76, appointed in 2020 as a Kerogen Capital nominee director, is a geologist with over 50 years’ experience in the oil and gas industry…
Norwegian independent oil firm Aker BP will hold meetings with fixed-income investors to prepare the ground for a possible U.S. dollar-denominated loan, the company said on Tuesday.The potential issue of investment-grade senior unsecured notes will be subject to market conditions…
UK's oil and gas regulator the Oil and Gas Authority (OGA) has appointed Andy Brooks as Area Manager - Central North Sea, starting the role in September 2020.Brooks graduated from Leeds University in 2002 with a Masters in Chemical Engineering…
Fircroft, and NES Global Talent, two global recruitment companies providing skilled personnel across various sectors including oil and gas, renewables, and power sectors, have agreed to merge.'The integration of these two great businesses will…
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