Oilfield services sector is set to reach the lowest total workforce count in over 10 years, as a consequence of the COVID-19 pandemic, low oil prices, and cuts in spending by the oil companies.'The oil market turmoil brought on by Covid-19 has…
Denmark's Orsted on Wednesday beat second-quarter operating profit expectations but said lockdown measures had hurt demand for its electricity.The world's largest operator of offshore wind farms said operations had remained stable during the…
Danish offshore construction company Bladt has appointed Anders Søe-Jensen, the former head of both Vestas Offshore Wind and GE Offshore Wind, as its new CEO.He will be succeeding Klaus Steen Mortensen who has decided to step down due to a chronic but not a life-threatening heart condition…
Norwegian offshore installation contractor Ocean Installer has established a new business branch called 'developer of offshore wind,' and has appointed Olav Hetland as Director Offshore Wind Farms.Ocean Installer said the formation of the new…
The Equinor Board of Directors appointed Anders Opedal as its new president and CEO starting November 2, 2020. Eldar Sætre will retire after six years as CEO and more than 40 years in the company.Opedal ascends to the top spot coming from the position as Executive Vice President Technology…
Oslo-listed seismic surveyor Axxis Geo Solutions has appointed Ronny Bøhn as CEO with effect from August 10, 2020. Bøhn has more than 20 years of experience from the seismic industry and has held management positions as vice president of marine operations at CGG and as COO at April AS…
U.S. offshore oil and gas producer Fieldwood Energy said Tuesday it had filed for chapter 11 bankruptcy to restructure the company.The company filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas…
BP cut its dividend for the first time in a decade after a record $6.7 billion second quarter loss when the coronavirus crisis hammered fuel demand and it sought to win over investors by speeding up its reinvention as a lower carbon company…
Hempel's new Executive Vice President & Chief Operating Officer Katarina Lindström officially stepped into her new role on August 1.As a member of the company’s Executive Management Board, Lindström will play a central role in driving Hempel’s strategy…
The U.S.-based offshore support vessel operator Harvey Gulf International Marine has appointed Ed Galloway to manage Harvey’s new subsea venture company, Harvey Subsea Services. Galloway was previously Director of Gulf of Mexico Region for Subsea7/i-Tech7 where he ran the company’s IMR business…
Former Guyanese housing minister Irfaan Ali was sworn in as president of the newly oil-producing South American country on Sunday, after he was declared winner of a disputed March 2 election following a recount.Preliminary recount data released in June showed Ali…
Italian oil and gas company Eni has named Francesco Gattei as its Chief Financial Officer.In 2019, Gattei moved to Houston to become Eni's Upstream Director of the Americas, managing the E&P business in the USA, Mexico, Venezuela, and Argentina…
Danish offshore drilling company Maersk Drilling said Friday its Chief Financial Officer Jesper Ridder Olsen would step down from the position by January 2021.The offshore drilling contractor said that Ridder Olsen had 'decided to pursue another…
Exxon Mobil Corp reported a $1.1 billion loss for the second quarter on Friday, the first back-to-back quarterly loss for the U.S. oil giant in at least 36 years.Exxon stood out among its supermajor peers for not taking a large writedown on…
Rosneft, Russia's largest oil producer, will cut salaries at its central office by a quarter following a decision to reduce the working hours due to the fallout from the coronavirus, Kommersant daily reported on Friday.The newspaper, citing unnamed sources…