Tanker Firm Frontline Keeps Barstad as Permanent CEO
Oil tanker company Frontline has appointed Lars H. Barstad as the Chief Executive Officer of Frontline Management AS with effect from September 1, 2021.Barstad currently serves as the Interim Chief Executive Officer of Frontline Management AS, having assumed that position after CEO Robert Hvide Macleod decided to step down, as reported in October 2020.Prior to becoming the interim CEO, Barstad held the role as Frontline’s Commercial Director and has previously worked as a trader with Noble Group Ltd and Glencore Ltd in London, as well as serving as Director of Imarex Pte Ltd in Singapore.Ola
UK Offshore Workers Call for Gov't to Invest in Oil Projects
British unions representing offshore workers said on Monday the government should invest taxpayer money directly into oil and gas projects to save the sector rather than extend welfare payments to furloughed staff.In a joint statement, the unions said they expected around 3,500 workers to be out of a job by September and that their members in the drilling sector were told their employers did not see any upturn in their sector before 2022."We see it as vital that we get the government to invest in projects, not as operating partners but as equity partners, providing low cost loans to operators