Offshore Engineer People News - page 5


Repsol's Adjusted Net Profit Falls on Lower Oil, Gas Prices

Oct 26, 2023

Energy company Repsol's REP.MC adjusted net profit fell 27% year-on-year in the third quarter because of lower oil and gas prices, it said on Thursday, adding it would further diversify into renewables to offset fossil fuel volatility.The company reported an adjusted net profit of 1…

Shell Cuts Low-carbon Jobs, Scales Back Hydrogen in Overhaul by CEO

Oct 25, 2023

Shell will cut around 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan's drive to boost profits, it said on Wednesday.The staff cuts and organizational changes come after Sawan…

New Head for Glamox’s Marine, Offshore, and Wind (MOW) Division

Oct 25, 2023

Lighting solutions specialist Glamox said Wednesday that Tommy Stranden would replace Håkon Helmersen as Chief Sales & Commercial Officer for Glamox’s Marine, Offshore, and Wind (MOW) division.Stranden (46) is the general manager for MOW’s Northern Europe business…

Recent Oil Mega-deals Show Hydrocarbons are 'Here to stay' -Saudi Energy Minister

Oct 25, 2023

Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday that recent multi-billion dollar acquisitions by U.S. oil majors Exxon Mobil and Chevron of smaller rivals showed that hydrocarbons were 'here to stay'.'Exxon, Chevron didn't buy because they want to have stranded assets…

Aramco CEO Sees Significant Oil Demand Growth

Oct 24, 2023

Saudi oil giant Aramco's Chief Executive Amin Nasser said on Tuesday he saw significant demand growth for oil, citing a possible resurgence in the Chinese economy and an aviation sector that remains below pre-pandemic levels. He said a one-size…

Chairman of Russia's Oil Major Lukoil Dies Suddenly Aged 66

Oct 24, 2023

Vladimir Nekrasov, the chairman of Russia's second-largest oil producer Lukoil, has died suddenly at the age of 66 after suffering acute heart failure, the company said on Tuesday.Lukoil said Nekrasov had worked for almost 50 years in the oil and gas sector…

SLB Profit Beats on Strength in Global Drilling Activity

Oct 20, 2023

SLB edged past estimates for quarterly profit on Friday as strength in the overseas drilling market to meet the insatiable global appetite for oil drove demand for its oilfield equipment, offsetting weakness in North America.Oilfield services…

Pemex Agrees 7.82% Hike in Wages, Benefits with Union

Oct 20, 2023

Mexican state oil company Petroleos Mexicanos, known as Pemex, and its union agreed to a 7.82% hike in combined benefits and pay, according to a government statement published on Thursday.Under the agreement, Pemex workers will receive 4.16% higher salaries and 2…

Equinor CEO Sees EU Gas Market in 'Better place' Than Last Year

Oct 19, 2023

Equinor's CEO said on Wednesday the European gas market will remain volatile this winter, and will face a lot of variables, but is in a stronger position than last year.Global gas prices leapt to all-time highs last year after Russia cut its gas supply to Europe…

Chevron Australia LNG Unions Agree Deal on Eve of Strikes Resuming

Oct 18, 2023

An Australian union alliance on Wednesday agreed to endorse deals on pay and conditions at Chevron's two liquefied natural gas (LNG) facilities in Australia, ending an impasse that had led workers to threaten renewed strikes this week.The Offshore Alliance…

UK Offshore Well Decommissioning Firm Eyes CCUS and Geothermal Projects with New Appointment

Oct 17, 2023

UK-based offshore well decommissioning specialist Well-Safe Solutions is looking to expand its capabilities and venture into the carbon capture, usage and storage (CCUS) and geothermal sectors too.To help facilitate this scope expansion, Well…

Chevron Australia LNG Unions Stick to Strike Plan Even as Pay Talks Continue

Oct 16, 2023

Unions at Chevron's liquefied natural gas (LNG) facilities in Australia reaffirmed their plan to resume strikes this week as mediated talks continued on Monday, sparking angry comments from the company saying workers were being unreasonable…

UK Offshore Vessel Owner Welcomes Sustainable Shipping Specialist

Oct 12, 2023

North Star, a UK-based offshore vessel owner, with a growing fleet of offshore wind support vessels, has hired sustainable shipping specialist Dr Tamara Topić to lead on the implementation of its environmental, social, and corporate governance (ESG) strategy…

Strict Immigration Rules Threaten UK Offshore Wind Projects, Warns Immigration Specialist

Oct 10, 2023

Strict new immigration requirements are deterring vital skilled workers and threatening major disruption for UK offshore wind projects, according to Maria Gravelle, an immigration specialist at Pinsent Masons.Gravelle said that axing the Offshore…

Ventus Energy to Provide Support at UK's Dogger Bank Offshore Wind Farm

Oct 09, 2023

High voltage engineering specialist, Ventus Energy, said Monday it had secured a significant contract to supply highly skilled senior authorised persons (SAPs) for 24/7 support at a UK offshore wind farm, Dogger Bank. Awarded to the organization’s North Shields base in the north-east of England…

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