Simpson Spence Young (SSY) agreed on the terms to acquire Norwegian Westshore Shipbrokers AS, part of SSY’s strategy to enter into the global offshore sector. Based in Kristiansand, Norway, Westshore was launched in 1987.“This acquisition marks…
Canada's Suncor Energy said on Tuesday that former Exxon Mobil executive Rich Kruger would take over as its chief executive officer, replacing interim boss Kris Smith. Kruger, a near 40-year veteran of Exxon Mobil Corp, served as CEO of Imperial Oil Ltd for six years before retiring in 2019…
Brazilian state-run oil company Petrobras said on Friday its Chief Executive Officer Jean Paul Prates has appointed Sergio Caetano Leite to be the company's chief financial officer. Reuters had previously reported that Leite, Prates' business partner…
Harland & Wolff said on Friday that it would 'rationalize' the number of people working at its Methil facility in Scotland.This was in response to the contract termination settlement with Saipem over the building of jackets for the Neart na…
BP is set to hire over 100 employees to its offshore wind division as the energy company rapidly expands its operations in the fast-growing sector around the world.The hiring process will begin in the coming weeks, as part of BP's ambition to…
Spain's Repsol said on Thursday its fourth-quarter adjusted net profit more than doubled, helped by high oil and gas prices, and flagged a big increase in capital spending for this year. Its fourth-quarter profit surged to 2.01 billion euros ($2…
UK-based workers' union Unite said Tuesday that offshore workers employed by Petrofac on the FPF1 platform and the Wood Group UK Limited on TAQA platforms were being balloted for strike action.Unite said that the latest offshore disputes were…
About forty offshore installations in the UK North Sea could be affected by strike action by Bilfinger workers beginning in early April 2023, over a pay dispute.Unite the union, a workers' rights union in the UK, said Friday that more than 700…
Espen Thomassen - ©ScanaOslo-listed maritime and offshore services provider Scana has appointed Espen Thomassen as the chief commercial officer.He comes from the role of Director, Head of Commercial - Norway in legacy Maersk Drilling, now Noble Corp…
Portuguese oil and gas company Galp Energia on Monday reported a record adjusted net profit for 2022, due to soaring oil prices and wider refining margins in the fourth quarter. Galp said its adjusted profit almost doubled to 881 million euros ($940…
UK-based workers' union Unite said Friday that some 300 Stork construction members would be balloted on strike action on over 30 offshore installations in the UK Continental Shelf (UKCS), potentially affecting operators such as EnQuest, Repsol…
Indonesian energy company Medco Energi Internasional MEDC.JK (MedcoEnergi) will raise its capital expenditure by nearly 50% to about $370 million this year, with a bigger portion allocated to oil and gas development, a company director said on Thursday…
Japan's Inpex on Thursday forecast a 38% fall in net income to 270 billion yen ($2 billion) and a 19% fall in sales to 1.9 trillion yen this year, hit by lower oil prices and a stronger yen. The country's top exploration and production company…
Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile energy prices where Russia's invasion of Ukraine reshaped global energy markets and, in some cases, the industry's climate ambitions…
French oil major TotalEnergies posted a record net profit of $36.2 billion in 2022, double the previous year, joining in the sector's bumper earnings thanks to higher oil and gas prices since Russia invaded Ukraine.TotalEnergies' fourth-quarter adjusted net income was $7…