Dutch offshore transportation and dredging giant Boskalis has halted crew changes and will slash spending this year due to the COVID-19 virus crisis, it said on Thursday.The company said that, while its workers work from home where possible…
Oilfield services firm Archer announced Tuesday that Dag Skindlo will take over as the company's new Chief Executive Officer and that Espen Joranger will succeed Skindlo as Chief Financial Officer.Skindlo joined Archer as Chief Financial Officer and EVP Strategy in May 2016…
British oil major BP has decided to leave three U.S. based trade organizations saying that its in-depth review has found misalignment of the climate-related policies and activities of trade associations with BP’s positions.Based on its findings…
US-based services firm Danos promoted two employees to manager positions. Brady Hebert was named shelf operations manager, and Mark Theriot is the company’s new competency assurance and training manager.In his new role, Hebert will oversee all…
Dutch dredging and heavylift company Royal Boskalis Westminster has acquired the remaining 37.5% in the United Arab Emirates’s Horizon Group, a company specializing in the provision of marine geophysical surveys and geotechnical services.Earlier this year…
Drilling contractor Borr Drilling announced that Rune Magnus Lundetræ will step down from his position as Chief Financial Officer. Lundetræ, who has been with the company since 2016, will continue in his position while the company finds a replacement, the company said.
By early last week, hedge funds had become the most bearish towards petroleum prices since the start of the year, as traders grew increasingly pessimistic about the global economy.Hedge funds and other money managers sold the equivalent of 95…
The Norwegian Petroleum Directorate (NPD) has announced the appointment of Ingrid Solvberg as Director for the Norwegian Sea and Barents Sea, replacing Bente Nyland.According to a note from NPD, Sølvberg was appointed by the King in Council on 11 October…
Offshore vessels owner Tidewater announced on Wednesday that its board has appointed Quintin V. Kneen as President, Chief Executive Officer, and director, replacing retiring President, Chief Executive Officer and director John T. Rynd, effective immediately…
Fugro said it has provided remote positioning services on board a floating production storage and offloading (FPSO) vessel for Bluewater during a scheduled subsea inspection, repair and maintenance campaign in the North Sea.The recent week-long…
Equinor said it will make changes to the leadership of two corporate staff areas.Siv Helen Rygh Torstensen, head of the CEO office, will take over as General Counsel, succeeding Hans Henrik Klouman, who will take on a role as Senior Advisor to the EVP CFO from August 1…
Ole Martin Grimsrud has been appointed Chief Financial Officer of Aker Solutions, effective August 1, 2019. He replaces Svein Oskar Stoknes, who is taking over as CFO of Aker on the same day.Grimsrud joined Aker Solutions in 2012 as Vice President…
Subsea robotics specialist ROVOP announced Tuesday it has opened a new office in Rotterdam to support to mainland Europe based clients and further strengthen the company's position in the market.The newly appointed Business Development Manager in the Rotterdam office…
French subsea firm Forssea Robotics and UK-based Subsea Technology & Rentals (STR) have agreed a global exclusive partnership.The moves follows a partnership formed between the two companies in June last year (2018). As part of the new partnership…
Maintaining cable tension within required tolerances is critical during the submarine cable laying process to minimize the risk of cable damage due to cable cores being crushed or the minimum bend radius being exceeded.To regulate this tension…
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