Oil and gas producer Capricorn Energy CNE.L said on Thursday it would cut three fourths of its UK staff to keep less than 40 employees there as the oil and gas producer focuses on its Egypt operations. Capricorn told Reuters that the consultation…
Belgian oil tanker and storage operator Euronav said on Thursday its shareholders had elected John Fredriksen from Frontline, a major investor that pulled out of a merger deal with Euronav this year, to its supervisory board. Euronav said shareholders…
UK-based oil and gas producer Harbour Energy on Thursday announced the appointment of Belgacem Chariag and Louise Hough as independent Non-Executive Directors. The duo will join the Board on 1 May 2023 and will stand for election by shareholders…
UK's Unite the union on Wednesday said that its members at BP Petrofac sites have voted to support a strike over pay at oil and gas facilities in the North Sea.'The vote will see the BP Petrofac workers join 1,400 others in dispute with their employers…
Venezuelan President Nicolas Maduro on Tuesday named the head of state oil company PDVSA, Pedro Rafael Tellechea, as the new oil minister, a day after his predecessor resigned amid an extensive corruption investigation focused on the company…
Venezuela's oil minister, Tareck El Aissami, said on Monday he would resign amid corruption investigations into state-owned oil company PDVSA, in a bid to support the investigative effort. Venezuelan anti-graft police have arrested a mayor,…
Offshore workers employed by Sparrows Offshore Services on BP’s North Sea installations have called off the strike action after securing an extra three weeks paid leave on BP assets, British union Unite said on Tuesday. The strike involved almost 50 workers at BP's Andrew…
Ally Cedeno, founder and president of the Women Offshore Foundation, has been selected to address California State University Maritime Academy’s class of 2023 at its Commencement Ceremony on Saturday, May 6. Cedeno is a 2008 graduate of the U…
Subsea rental equipment and solutions firm Ashtead Technology has appointed Rich Fry as Group Business Development Manager – Renewables. The company said Fry brought strong credentials to the company with over a decade of experience working with equipment manufacturers…
Around 1400 offshore workers employed on the UK Continental Shelf (UKCS) platforms will take strike action in the next weeks, seeking better deal on jobs, pay, and conditions, workers' union Unite said Monday.According to Unite, platforms and…
Britain’s Serious Fraud Office (SFO) can seize more than $8 million of illicit cash linked to a massive Brazilian corruption scandal involving state-run oil company Petrobras, a London court ruled on Friday.The SFO successfully applied to confiscate $7…
John Wood Group has sold its offshore labor supply operations in the Gulf of Mexico to Louisiana-based energy services contractor Danos.The sale was for a cash consideration of $17 million, with Wood retaining working capital. This represents an EV/EBITDA multiple of around 8x…
Maritime classification society DNV has appointed Torgeir Sterri as the new Offshore Classification Director for DNV Maritime, with effect from 1 March 2023.Lucas Ribeiro, former Area Manager for Iberia, Italy, and Malta, will succeed Sterri as Regional Manager for West Europe…
BP CEO Bernard Looney's 2022 pay packet more than doubled to around $12 million on the back of bumper profits amid spiraling energy prices, while BP's emissions were broadly unchanged, its annual report showed on Friday.BP reported a record profit of $28 billion for 2022 and hiked its dividend…
Rovco will now operate through two separate business units. Marc Coull, who joined the company last year as Operations Manager, has been promoted to Director of Inspection, Repair and Maintenance (IRM). His career spans 26 years in on and offshore roles supporting offshoreoperations…