Norwegian energy services firm Endúr has said it is working on a merger with compatriot marine engineering company Oceano.Endur, formed in 2019 after the merger of Bergen Group ASA with Endúr Fabricom, has signed a letter of intent with the…
Sasol Ltd plans to cut jobs and end West African oil operations as part of a business revamp, the petrochemicals producer said on Thursday, and has also agreed a deal with lenders to relax borrowing rules.Sasol has been reviewing its business as it grapples with high debt levels…
Eni CEO Claudio Descalzi wants to turn the 67-year-old Italian oil and gas firm into a greener business, focusing on clean low-carbon products to build a huge customer base which he believes can steady the ship and attract investors more than ever…
Southeast Asia-focused oil company has settled with its former CEO after he threatened to sue following the termination of his service agreement in April.Coro Energy said Thursday that, 'having received appropriate legal advice on legal action threatened against the company…
Wind turbine maker Siemens Gamesa said on Wednesday that Andreas Nauen, head of the company's offshore activities, has been appointed chief executive, with immediate effect, replacing Markus Tacke.The company did not give reasons for the change…
Seacat Services is a UK-company providing support services to the offshore wind industry in the UK and elsewhere in Europe with a fleet of 14 UK-built catamaran vessels.Over the past eight years, the company has used its fleet of 14 South Catamaran…
Fulkrum Technical Resources (FTR), a provider of technical personnel specializing in QA/QC, inspection, and vendor surveillance services to the energy industry, has taken in Oceaneering’s third-party inspection division – including two key members of staff…
Dutch offshore and dredging contractor Van Oord said Tuesday it would lay off 500 people, citing effects of COVID-19 on its business.Van Oord said: 'As a company operating on a global scale, COVID-19 is having a major impact on our business…
Ørsted Chief Executive Henrik Poulsen has resigned after eight years at the helm of the Danish offshore wind farm developer, the company said on Monday.Poulsen, who became Ørsted CEO in 2012, spearheaded the group's transformation from a diversified…
Dutch offshore jack-up company Seafox has had its push to appoint two directors to the board of the UAE-based jack-up provider Gulf Marine Services, rejected.Seafox, a shareholder at GMS, on Thursday said it had written to Gulf Marine Services…
Indonesia's State-Owned Enterprise Minister Erick Thohir said on Friday he aimed to group units of state oil and gas company PT Pertamina into 'sub-holdings' and launch initial public offerings within two years.Thohir is trying to revamp hundreds of Indonesian state companies to boost profitability…
Oil and gas company Otto Energy has said that Matthew Allen will step down as Chief Executive Officer and from the Board as Managing Director effective immediately by mutual agreement following the completion of his two-year assignment to Houston…
Norwegian energy company Equinor has elected Tove Andersen as a new member of its board of directors.Tove Andersen is recently appointed executive vice president for Europe in Yara International ASA, a Norwegian chemical company. Since 2018 she has been executive vice president…
British oil major BP will lay off 10,000 people by the end of the year in a move to cut costs, the company's CEO Bernard Looney said in a social media post on Monday.Looney said: 'The oil price has plunged well below the level we need to turn a profit…
U.S. oilfield services company Weatherford has said that Mark A. McCollum, President, Chief Executive Officer, and a director, has left the company, effective immediately. McCollum, an executive with four decades of experience in the oil and gas industry…