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Serica Energy CFO Andy Bell to Step Down, Martin Copeland Named Successor

Nov 21, 2023

Serica Energy, a UK-based upstream oil and gas company, said Tuesday that its Chief Financial Officer Andy Bell had informed the board of his intention to step down from his role in the New Year when he will be replaced by Martin Copeland. Copeland…

Orsted's Finance and Operations Chiefs Out after Big Losses

Nov 14, 2023

Denmark's Orsted said on Tuesday that its finance and operations chiefs were stepping down with immediate effect after the offshore wind farm developer earlier this month reported large financial losses.The search for successors to Chief Financial…

Dolphin Drilling Names Ex-Awilco Drilling CEO as Chief Strategy Officer Amid Offshore Drilling Rebound

Nov 08, 2023

Offshore drilling contractor Dolphin Drilling said Wednesday it had appointed Jon Oliver Bryce as Chief Strategy Officer, as, the company says, the market for mid-water moored semi-submersibles continues to rebound.Jon Oliver Bryce, the former…

Repsol Sinopec Resources UK Changes Name

Nov 03, 2023

Repsol Sinopec Resources UK Limited, an oil and gas exploration and production company operating in the North Sea, said this week that the company would be renamed Repsol Resources UK.'On 28th April 2023 it was announced that a settlement and…

UK's Wood Group Ropes in Rolls-Royce exec as New CFO

Nov 01, 2023

John Wood Group on Wednesday named Arvind Balan, a finance executive at Rolls-Royce, as the British oilfield services and engineering firm's new chief financial officer, effective April 2024.Balan has been the CFO at the aero-engineer's Civil…

Terje Askvig Joins Prosafe as New CEO

Nov 01, 2023

Prosafe, an offshore accommodation rig provider, has welcomed Terje Askvig as its new CEO.'Terje brings extensive experience from shipping, oil service and private equity and has among others experience from Eitzen Chemical, Fred Olsen & Co and Triton Partners…

Crowley Names Guthman VP of Business Development for Wind Services

Oct 31, 2023

Crowley has named offshore wind veteran Christy Guthman as vice president of business development for its Wind Services business as the company grows in the clean, sustainable energy sector.Guthman most recently served as executive general manager…

M3 Marine (Offshore Brokers) UK Ltd Appoints Robert Day as Managing Director

Oct 31, 2023

M3 Marine (Offshore Brokers) UK Ltd (M3OBUK) – a newly established London-based broking company focusing on the offshore and renewables sectors, announced on Tuesday the appointment of Robert Day as its Managing Director.Day brings with him almost a decade of experience…

Siemens Energy Shares Recover Further as Guarantee Talks Continue

Oct 30, 2023

Shares in Siemens Energy continued their recovery on Monday, topping Germany's blue-chip index as concerns over the group's ability to post guarantees for big industrial projects eased.Shares in the company, the world's largest maker offshore…

Wintershall Dea Q3 Net Profit Drops 86% on Weak Oil, Gas Prices

Oct 30, 2023

Wintershall Dea on Monday reported that its third-quarter net profit slumped 86% year-on-year due to weaker oil and gas prices, unplanned maintenance outages in Norway and the costly loss of Russian business.The company's earnings showed that adjusted net income totalled 61 million euros ($64…

Portugal's Galp Q3 Profit Rises 12% on Stronger Refining Margins

Oct 30, 2023

Portuguese oil company Galp Energia said on Monday that its adjusted third-quarter profit rose 12% on year as refining margins almost doubled, offsetting a decline in crude output following the sale of its Angolan fields and lower oil prices…

Scotland: Hundreds of Offshore Drillers Balloted Over Working Rotas and Annual Leave

Oct 30, 2023

Scottish offshore trade union Unite said Friday that hundreds of Odfjell offshore drillers were being balloted in a dispute over working rotas and paid annual leave.The dispute involves crews on Equinor’s Mariner platform and TAQA platforms including Harding…

Eni Lifts Profit Guidance after Q3 Beats Expectations

Oct 27, 2023

Italian energy group Eni raised its guidance on Friday for full-year earnings before interest and taxes (EBIT) and cash flow, while also announcing an acceleration of its share buyback program.The group beat analysts' expectations for third…

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…

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