LR Names Abi-Saab Chief Technology and Innovation Officer
Officer, joins LR with considerable expertise in technology and digital enablement from both maritime and the oil and gas industry. Before his time with Bahri, Abi-Saab held executive roles at ship management company OSM, offshore energy provider Bumi Armada and Oil and Gas Services provider Baker Hughes. The new position of CTIO will see the merging of the Chief Technology Officer and IT roles, aligning the executive leadership team as LR accelerates its transformation and supports its innovation activities focused on maritime digitalization. The appointment follows the expansion of LR&rsquo
Norway Oilfield Services Workers Agree Wage Deal, Averting Strike
Two Norwegian labour unions have signed new wage deals with oil service companies, the unions said on Thursday, preventing a strike among workers.Some 646 members of the Safe and Industri Energi unions had threatened to go on strike at companies such as Schlumberger, Baker Hughes, and Subsea 7 unless a deal was reached.(Reuters - Reporting by Nerijus Adomaitis, editing by Terje Solsvik)
'This could be the one that gets me,' Says Oilfield Service Veteran
struggle to re-hire experienced managers if other sectors rebound first, said Ron Ness, president of the North Dakota Petroleum Council.Career website LinkedIn.com has dozens of goodbye posts from workers with 15- to 30-year careers in the oilfield, many with top firms Schlumberger, Halliburton, and Baker Hughes Inc. More than two dozen tributes appeared recently from mid- to senior-level Schlumberger executives."I'm joining the crowd posting my departure via retirement from Schlumberger after 34-years," Jatinder Kalra, a team leader, wrote in a heartfelt post."It's Armageddon for
Xodus Hires Bell as Decom Manager
Sinopec Resources UK where he led a number of P&A projects through early planning phases including rig option selection and the development of P&A cost models. Previously, he worked for DONG Energy in Denmark and spent 20 years working with well service contractors, Halliburton and Baker Hughes INTEQ. Before joining the oil industry, he completed training in marine engineering and industrial engineering.Xodus said the appointment follows a successful year for its decommissioning division which secured several new clients and won more than £2 million of work.Enrico Salardi, Xodus&rsquo
US Energy Jobs Rise as Higher Prices Boost Oil Drilling
gas extraction data is available through January. Energy firms cut more than 165,000 jobs over the past two years as they slashed the number of rigs drilling for oil from a peak of 1,609 in October 2014 to a six-year low of 316 in May, according to statistics from Labor and energy logistics firm Baker Hughes Inc.. Those cuts came during the biggest price rout in a generation, in which U.S. crude futures collapsed from over $107 a barrel in June 2014 to around $26 in February 2016 due to a global oil glut and lackluster demand for the fuel. Crude prices have since more than doubled from their
US Energy Jobs on the Rise
busy year for hiring in oil and gas here in the United States." Energy firms cut more than 155,000 jobs over the prior two years as they slashed the number of rigs drilling for oil from a record high of 1,609 in October 2014 to a six-year low of 316 in May, according to the BLS data and Baker Hughes Inc's rig count. Those cuts came during the biggest price rout in a generation, in which U.S. crude futures collapsed from over $107 a barrel in June 2014 to around $26 in February 2016 due to a global oil glut and lackluster demand for the fuel. Crude prices have more than doubled
Norway Labor Union in Small Expansion of Oil Industry Strike
; Union officials would meet next week to review the state of the strike and what to do next, he said. Mediation between Industri Energi and the Norwegian Oil and Gas Association broke down earlier this week, triggering the initial strike at the Norwegian units of Schlumberger, Halliburton, Baker Hughes, Oceaneering and Oceaneering Asset Integrity. The negotiations were on behalf of about 6,500 union members at around 30 companies. Norway is western Europe's top oil and gas producer, with state-controlled Statoil its largest firm. Reporting by Terje Solsvik
AccessESP Names Sheridan Asia Pacific Region Manager
conveyance solutions for the worldwide oil industry, has appointed Ed Sheridan as its Asia Pacific region manager. Based in Kuala Lumpur, Malaysia, he will be responsible for increasing market share in the region. Prior to joining AccessESP, Sheridan worked for nine years with Baker Hughes Artificial Lift in the United Kingdom in a variety of sales, technical and operational positions. Most recently, Sheridan worked as AccessESP’s product line manager for Southeast Asia, Indonesia and Australia. Sheridan has a mechanical engineering degree from Aberdeen College in Scotland
Avalos Joins Reactive Downhole Tools
manager for the North America region. Stacey Avalos joins the management team and will be based at Reactive’s 30,000 sq ft Houston office and facility, which was launched in 2013 and represented an investment of $5 million. Her experience includes a seven-year period with Baker Hughes which comprised a number of field engineer roles, and latterly a post as operations manager for which she led engineering teams and projects, whilst handling profit and loss (P&L) for West Central Area completions. Having recently installed its 24,000th packer, the new appointment
Emco Wheaton Grows Sales Team
the Emco Wheaton Marine Loading Arm aftermarket business – primarily in the company’s home state of Texas. A Graduate of the Texas A&M Industrial Distribution Engineering Program, Rodriguez has more than five years’ experience selling fracturing and pressure pumping services with Baker Hughes and FTS
Layoffs and Another Lost Generation?
into supervisory or eventual leadership positions in the oil and gas industry is notably small. According to Douglas-Westwood, since oil price started declining late last summer, layoffs in today’s industry are nearing 100,000 worldwide. Oilfield service companies Schlumberger, Baker Hughes, and Halliburton announced layoffs of around 20,000, 10,500, and 9,000 employees respectively, while E&Ps BP and Chevron each announced layoffs approaching 10,000 of their employees. According to a survey completed in January 2015 by Rigzone, 44 percent of the surveyed companies indicated
Durkin Appointed COO of Maersk Drilling
Angela Durkin from Baker Hughes will join Maersk Drilling as new Chief Operating Officer (COO). She will assume her new role 1 May 2015 taking over from Jørn Madsen and report directly to CEO Claus V. Hemmingsen. “We are very pleased that Angela Durkin will join Maersk Drilling. Angela brings vast experience with her from Baker Hughes, and with her technical competencies and enormous international experience from an oilfield service provider in the drilling industry, she is just the right fit for Maersk Drilling. I am confident that with Angela on board, we will have an even
O&G Sector Tarnishes Strong US Jobs Report
financial crisis, jobs in the oil and gas extraction sector did not begin to fall until December, five months into the oil price slide. But once the rout started, it lasted for a year, wiping out over 50,000 jobs. The signs are bleak. Oil drilling firms including Schlumberger, Halliburton and Baker Hughes already have announced plans to lay off ten of thousands of workers worldwide this year. (Reporting by Edward McAllister; Editing by Paul Simao
US Oilfield Jobs Cull Gains Pace, More Pain Ahead
, but his hours and pay have been cut in half and it was not clear how long it would last. Interviews with more than a dozen oil workers and job recruiters suggest this is just the first stage of bloodletting as oil drillers, producers and service firms such as Halliburton , Schlumberger and Baker Hughes respond to a 50 percent drop in crude prices since June. Those three firms alone have in recent weeks announced a total of 22,000 job cuts worldwide. The pace at which the industry is shelving projects, releasing rigs and firing crews "would indicate that we won't be back to usual
Drillsearch Appoints Simpson COO
Director Brad Lingo. The most recent role in Mr Simpson’s 30-year career in oil and gas was with BG Group subsidiary QGC as Technical & Commercial Director, based in Brisbane. He has worked in a number of roles in the oil and gas industry worldwide for BG and other companies including Baker Hughes and BP. Drillsearch Chairman Mr Jim McKerlie said: “The Board commissioned a global search for an additional very senior executive and are completely supportive of Walter’s appointment. He brings additional depth and expertise to the executive team and increases the Company&rsquo
Baker Hughes Names Kimberly Ross as CFO
Baker Hughes Incorporated has today announced appointment of Kimberly A. Ross, as Senior Vice President and Chief Financial Officer (CFO) effective October 22, 2014. Ross currently serves as Executive Vice President and CFO of Avon Products, Inc. She served as Executive Vice President and CFO of Royal Ahold N.V. from 2007 to 2011 and held various other finance positions at Royal Ahold from 2001 to 2007. Ross earned a Bachelor of Arts degree in accounting from the University of South Florida and became a certified public accountant after graduation. "I am pleased to welcome
Danos Names Broxson Division Manager
Control System Solutions (API). Broxson has been charged with leading the API integration into the Danos organization and leveraging the companies’ resources to expand I&E capabilities and offerings. Prior to joining Danos, Broxson, held senior-level management positions with CAMCO, Baker Hughes, NATCO and Weatherford in the U.S., United Kingdom, Middle East and Asia Pacific areas. With services including I&E construction, commissioning, maintenance, calibration and testing, control system design, system integration, manufacturing and installation, Danos’ new division will
