Vaalco Energy's chief financial officer Don McCormack has resigned effective 2 June, after spending less than one year with the company. McCormack’s departure was not related to any issues regarding financial disclosures, accounting or legal matters…
Woodside Petroleum informed Papua New Guinea-focused Oil Search that it has withdrawn its proposal to merge the businesses. Woodside CEO Peter Coleman. Image from Woodside. This follows the Australian explorer’s US$8…
A search for missing oil workers continues in the Caspian Sea following a fire offshore Azerbaijan that started last week, on 4 December. Socar's West Azeri plaform. Image from Socar's Facebook…
Papua New Guinea-based Oil Search has rejected Woodside’s US$8.1 billion all stock proposal the Australian company made last week. Woodside CEO Peter Coleman. Image from Woodside. Oil…
Woodside confirms that it provided Oil Search a confidential and non-binding proposal to merge through a scheme of arrangement under the Papua New Guinea Companies Act. Woodside is currently engaging with Oil Search in relation to the proposal…
A consortium of three companies has joined forces to bring enhanced oil spill detection and search and rescue capability to the UK North Sea. Using technology developed in Norway, Aptomar, working with Aberdeen's Briggs Environmental Services…
North Sea oil and gas operators have committed to fund a search and rescue (SAR) helicopter service, supplementing national SAR cover for parts of the Central North Sea. The participating companies have awarded Bond Offshore Helicopters a US$88…
Update: 17 February 2015 - BW Offshore has confirmed that the death toll has now risen to six after an explosion on the the company's Cidade São Mateus FPSO offshore Brazil. The body of one of the previously four missing Brazilian…
A new research study from Flow Research, Volume X: The World Market for Flowmeters, 5th Edition finds that the worldwide new-technology flowmeter market totaled US$4 billion in 2013 and is projected to grow substantially to exceed $5.7 billion by 2018…
Noreco’s CFO Ørjan Gjerde will leave the company by 31 August 2014 to take part in a new business venture. Noreco announced that the search for his replacement has already commenced. Gjerde played a central role in the financial and operational restructuring of the company…
Following a competitive tender process, Bristow Helicopters Ltd. has a significant new contract to provide helicopter transportation services to BP Exploration Operating Co. Ltd. The contract has a five-year term, with an option to extend…
McDermott International, Inc. announced that Stephen M. Johnson will retire from his positions as chairman of the board, president and chief executive officer— and as a director of McDermott in December 2013. David Dickson has agreed to join…
US Coast Guard PhotoAfter 100 hours of search and rescue efforts, Black Elk Energy has ended its search for a missing worker who vanished following an explosion at its production platform offshore Louisiana on Friday, the company announced on 20 November…
U.S. Coast Guard photo of the Black Elk Energy production platformHouston-based Black Elk Energy vowed to continue searching for a missing contractor after the U.S. Coast Guard suspended efforts on Saturday offshore Louisiana, the company announced on 18 November 2012…
Chris Reinsvold (pictured) joins Preng & Associates in Houston as an executive search consultant in its oilfield services & equipment practice. He was most recently CEO of Decision Strategies, having earlier worked for Shell, Baker Hughes, Smith International, IHS, Cera and AT Kearney.