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Norwegian Seismic Player Names New CFO

Feb 17, 2020

Norwegian oilfield seismic data company TGS has named Fredrik Amundsen as the new Chief Financial Officer, to replace Dean Zuzic who joined the company last year after the acquisition of rival Spectrum.Amundsen has served as Executive Vice President (EVP) Europe at TGS…

Pearson to Lead National Subsea Center

Feb 11, 2020

Robert Gordon University (RGU) has appointed Chris Pearson as Director for the National Subsea Center (NSC), tasked with leading the center’s research and development to tackle subsea engineering challenges.Pearson will take up the new post…

Guyana to Agree to Oil Prices with Exxon Before Govt's First Export

Feb 11, 2020

Guyana is aiming to complete talks with the Exxon Mobil Corp-led consortium producing oil off its coast over crude pricing, lifting costs, and scheduling before the government exports its first cargo, energy director Mark Bynoe said on Monday…

Harvey Gulf CEO to Remain Until 2027

Feb 10, 2020

New Orleans based offshore vessels company Harvey Gulf International Marine said it has signed an agreement with its CEO, Shane Guidry, to remain at Harvey until January 1, 2027.Guidry commented, “Over the past several years, Harvey Gulf has…

Scantrol Hires Gaupaas

Feb 10, 2020

Scantrol, a supplier of monitoring and control systems to the marine and offshore industries, has hired Frode Gaupaas as Business Development Manager for Subsea.Gaupaas has more than 23 years of experience in subsea and offshore operations.…

Total Beats Quarterly Forecasts Despite Low Oil Price

Feb 06, 2020

Total beat forecasts on Thursday by keeping net adjusted profit for the fourth quarter steady at $3.2 billion despite low oil prices and fulfilled a pledge to boost dividends, lifting the French energy major's shares. Analysts had forecast net profit of about $2…

BP Closes London HQ on CEO's First Day Amid Climate Protests

Feb 05, 2020

Climate protesters forced BP to temporarily shut down its London headquarters on Wednesday, the first day in office for the oil and gas company's new CEO Bernard Looney. BP said more than 100 Greenpeace activists attempted to place 500 solar…

BP 4Q Profit Drops. Bob Dudley Steps Down as CEO

Feb 04, 2020

BP on Tuesday boosted its dividend payout after a 26% drop in fourth-quarter profit on lower oil and gas prices which still beat forecasts.On Chief Executive's Bob Dudley last day in office, London-based BP increased its dividend by 2.4% to 10…

Worley CEO to Step Down. Replacement Named

Feb 03, 2020

Australia-based oilfield services and engineering company Worley has named a new CEO after Andrew Wood decided to retire after 26 years with the company, seven as CEO.He will be replaced by Chris Ashton, who has been with Worley since 1998, most recently serving as the Chief Operating Officer…

Maersk Supply Service Names New COO

Feb 03, 2020

Danish offshore vessel owner Maersk Supply Service has named Mark Andrew Handin as new Chief Operating Officer. Handin will join from Tidewater, another offshore vessel operator, where he currently works as VP of Operations.Handin, who has over…

Ex-SembMarine Brazil Director Charged with Bribery, Money Laundering

Feb 03, 2020

Offshore rig builder Sembcorp Marine has said that its Brazil subsidiary Estaleiro Jurong Aracruz's former director has been charged for corruption and money laundering. A former Sembcorp Marine consultant has also been charged.SembcorpMarine…

Chevron Posts $6.6B 4Q Loss on Impairments

Jan 31, 2020

U.S. oil major Chevron slumped to a $6.6 billion quarterly loss compared to 4Q 2019 $3.7 billion profit, citing previously announced impairments on several projects.'Included in the [4Q 2019] were previously announced upstream impairments and write-offs totaling $10…

Aker Energy Names New Ghana Country Director

Jan 31, 2020

Norwegian oil company Aker Energy has named Kadijah Amoah as Country Director for its business in Ghana. The company explained the appointment as part of its strategy to strengthen its local presence and management in Ghana. Aker Energy holds…

Shell's Q4 Profits Halve to $2.9B

Jan 30, 2020

Royal Dutch Shell is cutting the pace of its vast $25 billion share buyback program after lower oil and natural gas prices halved its profit in the last three months of 2019, sending its shares to their lowest since July 2017. While the Anglo…

Hess Posts Bigger-Than-Expected Loss

Jan 29, 2020

U.S. oil and gas producer Hess Corp on Wednesday reported a bigger-than-expected quarterly loss, as lower prices for its natural gas and natural gas liquids more than offset higher production at its Bakken shale assets in North Dakota. The company said average selling prices for natural gas fell 27…

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