A tiny hedge fund dealt a major blow to Exxon Mobil Corp on Wednesday, unseating at least two board members in a bid to force the company's leadership to reckon with the risk of failing to adjust its business strategy to match global efforts to combat climate change…
Philippe Kavafyan, the former CEO of offshore wind turbine manufacturer MHI Vestas Offshore Wind, has been appointed Chief Executive Officer of the recently established Norwegian offshore wind developer Aker Offshore Wind.Aker Offshore Wind…
Exxon Mobil Corp's bid to stave off a tiny activist fund challenging its board and response to growing climate concerns is too close to call just hours before the oil giant's annual meeting, people familiar with the matter said.Exxon's 12 directors…
Seadrill Partners, an affiliate of offshore drilling firm Seadrill, said Tuesday it had emerged from Chapter 11 bankruptcy for which it had filed in December 2020.The company said it has successfully completed its reorganization, turning around $2…
Danish wind turbine maker Vestas has won a contract to deliver 50 wind turbines for Spanish renewable energy firm Iberdrola's Baltic Eagle offshore wind project being developed off the island of Rügen, in German waters of the Baltic Sea. The…
Offshore helicopter services provider Bristow Group has appointed retired U.S. Air Force General Maryanne Miller to its Board of Directors. General Miller, age 62, is a retired four-star U.S. Air Force General with over 39 years of military service…
Bahamas Petroleum Company, an oil and gas company focused on the Caribbean and Atlantic margin, which earlier this year failed to unearth commercial quantities of oil from the closely watched Perseverance well offshore the Bahamas, is changing its name…
Halliburton Co's shareholders voted against the oilfield services provider's proposed executive compensation plan in an advisory motion, the company said on Thursday.Halliburton Chief Executive Officer Jeff Miller said the company was 'disappointed…
Offshore services and equipment group Acteon announced Kenny Murdoch has been appointed as group chief financial officer, taking over for Kevin Ovenden who will retire effective July 1.Murdoch joins Acteon with three decades of global financial leadership experience…
Wage talks involving thousands of Norwegian oil drilling workers broke down on Thursday, unions and employers said, raising the risk of a strike that could disrupt oil and gas exploration and efforts to boost output from existing fields.The…
Wayne Mulhall, a Senior Director at offshore wind turbine firm MHI Vestas Offshore Wind, will become a Managing Director of EDS HV, part of James Fisher Renewables.EDS HV provides high voltage engineering solutions to the renewables industry…
Denmark-based offshore wind developer Ørsted has named Richard Hunter as its Chief Operating Officer (COO) and new member of the Executive Committee of Ørsted as of June 1, 2021. Hunter joins Ørsted from a position as President of Rail Control Solutions and Wayside in Bombardier Transportation…
Oilfield services company Schlumberger has appointed Dr. Katharina Beumelburg to the position of Chief Strategy and Sustainability Officer, reporting to Olivier Le Peuch, Chief Executive Officer. The appointment is effective Monday, May 17.As a member of the executive team…
U.S.-based offshore drilling contractor Diamond Offshore's new CEO Bernie Wolford will have a base salary of $700,000 plus bonuses, the company said Thursday.As previously reported, Diamond Offshore, which in April emerged from their chapter…
Petrofac's Chief Financial Officer Alastair Cochran has informed the Board of Directors of his intention to resign and take up a new job outside the group on September 1, 2021. Cochran joined Petrofac in 2016 from BG Group where he had served…