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Friday, July 19, 2019

Schlumberger News

Fairfield Geotechnologies Names Sugahara CEO

joined the company in 2017 as VP of Corporate Development. He has over 22 years in the energy industry in various business development and financing roles at Frank’s International, GE and Intergen.Mattos joined the company in January, 2019 as VP Data Processing after spending 19 years with Schlumberger and WesternGeco in various technical and business development roles

© Cla78 / Adobe Stock

Equatorial Guinea Punishes Subsea 7

Equatorial Guinea has ordered energy operators to stop doing business with oil and gas service firm Subsea 7 for failing to comply with local laws aimed at creating more jobs for locals, the oil minister said on Thursday.In September, an oil ministry source warned that Schlumberger, Subsea 7 and FMC faced bans from working in Equatorial Guinea if they did not commit to local content laws.The move was part of a crackdown by the African country to enforce local content laws that have been in place since 2014. Petroleum operators were told in July to cancel contracts with Canadian-based CHC Helicopter.

Left to right: Jon Beatty and Greg Hammond (Photo: UTEC)

UTEC Makes Two Key Appointments

joins UTEC Geomarine as managing director and is responsible for its range of geotechnical services, which, when combined with UTEC’s geophysical survey offering, provides a one-stop solution for seabed characterization and sampling. He has more than 25 years of international experience with Schlumberger, having served in technical and management positions spanning reservoir characterization, well construction and completion, and production.Hammond takes on the StarNet business unit director role having been with the business for more than 13 years. During this time, he has been instrumental in

Odin Estensen (Photo: Neptune Energy)

Neptune Energy Names Estensen Managing Director for Norway

appointed Odin Estensen as Managing Director of its Norwegian business, based in Stavanger.Estensen joins Neptune Energy from A/S Norske Shell, where he is currently the Norway Operated Asset Manager.With more than 28 years’ experience in the oil and gas sector, Estensen started his career with Schlumberger before joining Shell in 1990, where he went on to hold various senior roles across Europe, and also to support operations in the Middle East, Africa and Asia.Anne Botne, currently Interim Country Director of Norway for Neptune, will remain with the company and fully resume her head of legal responsibil

CGG Names Baidoukov CFO

of international oil and gas industry experience. He is currently Group CFO at OiLSERV Group, a Middle East and North Africa Oilfield Services company. Prior to this, he was CFO of Maersk Oil US, and Group CFO of Integra Group, a CIS oilfield services company. Baidoukov spent 10 years of his career at Schlumberger in finance positions at the corporate and regional levels.Baidoukov holds an MBA degree from TRIUM Global Executive MBA, a joint program of NYU Stern School of Business, LSE and HEC Paris. He also holds a Master of Science (Honors), Economics degree from the Russian Peoples’ Friendship University

Schlumberger CFO Ayat to Retire Soon

Schlumberger NV Chief Financial Officer Simon Ayat plans to retire this year and a company insider has emerged as top candidate to replace him at the world's largest oil services firm, three people familiar with the matter told Reuters.Stephane Biguet, currently vice president of finance, is the frontrunner to replace Ayat, according to the people who declined to be named because the matter is not yet public.Schlumberger declined to comment.The CFO change would come as rising oil prices and dwindling producer reserves are helping lift demand for oil services, which were hit hard by the 2014 oil

Helge Lund  Photo courtesy of BP

BP Names Former Statoil Boss Lund as Next Chairman

months before the worst offshore oil disaster in U.S. history that left 11 workers dead. He played a key role in the aftermath of the disaster that cost the company over $65 billion.Lund, who is also chairman of Denmark's Novo Nordisk AS , will stand down as a director at oilfield service company Schlumberger with immediate effect. He has been a Schlumberger director since June 2016.He started his career as a consultant with McKinsey & Company and a parliamentary adviser for Norway's Conservative party. Lund was also on the board of directors of Nokia from 2011 to 2014.(Reporting by Ron Bousso

(File photo: Polarcus)

Mannering Named Polarcus Chairman

Michael Mannering has been nominated to succeed Polarcus’ outgoing chairman of the board, Peter Rigg, with effect from the 2018 AGM on May 10.Rigg will retire after a decade as chairman of the marine geophysical company, having served in the role since the company’s inception in 2008.Mannering has previously held many senior corporate positions in Schlumberger as well as chairman and, subsequently, non-executive director of Songa Offshore until its acquisition by Transocean. He has a BSc (First Class) in Mechanical Engineering from the University of Southampton.

Zurquiyah Named CEO of CGG

23 board of directors meeting.   “Sophie will take office at the end of the next general meeting on April 26. Until then, the Group remains managed by Jean-Georges,” Dorval said.   Zurquiyah joined CGG in 2013 after 22 years in the oilfield services industry, working for Schlumberger in global executive positions ranging from business, operations, functional to technology, based in France, the U.S. and Brazil. She is a graduate from École Centrale de Paris, holds a master in Numerical analysis from the University of Paris VI (UPMC) and a master in Aerospace engineering

Duncan Eley (Photo: Polarcus)

Eley to Take over as Polarcus CEO

the near term, Polarcus will eliminate the COO position “to better align with current market conditions,” the company said.   Eley has over 18 years of experience in the seismic industry in various senior management roles and has been Polarcus' COO since May 2013. He worked with Schlumberger for 10 years supporting marine seismic operations in Europe, Africa and the Americas. Prior to joining Polarcus in 2009, Eley worked for a global strategy consultancy firm across the energy, transport and natural resources sectors. Eley has a Bachelor of Science and Bachelor of Engineering from

Photo: CMA CGM

CMA CGM Appoints New CFO

Group, the world’s leader in high technology batteries.    Prior to this, he was Chief Financial Officer and member of the Executive Committee at Imerys, the world leader in mineral-based specialties for industry, which he joined in 1999. Michel Delville started his career at the Schlumberger group where he held various financial responsibilities in France and abroad for ten years.   Michel Delville is a graduate of law with a MBA from the University of Liège (Belgium) and a graduate of INSEAD.   CMA CGM wishes to thank Michel Sirat for his important contribution

Photo: Statoil

Norway Labor Union in Small Expansion of Oil Industry Strike

this stage, he added.   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

Aker Solutions Shuffles Leadership Team

boost companywide cost-efficiency by at least 30 percent by the end of 2017. The new organization will have five delivery centers: customer management, front end, products, projects and services.    As part of the plan, Dean Watson has been named chief operating officer. Watson joins from Schlumberger, where he has held various leadership positions, and will report to Chief Executive Officer Luis Araujo.   The other executive management team members were selected internally. Valborg Lundegaard, currently head of engineering, will lead the customer management center. Svenn Ivar Fure will

Fraser Louden Photo EV

EV Appoints New CEO

EV has announced the appointment of a new chief executive officer.   Bringing over 28 years’ of industry experience to the role, Fraser Louden has held a number of positions within a range of oil and gas service companies - including 17 years with Schlumberger - in global management and leadership posts. His career has also seen him work as managing director, and subsequently as chief executive officer of READ Well Services.   Fraser joins EV from his most recent position as managing director at ALS Oil & Gas, Houston, which was a role he held for four years.   To

Graeme Slater (Photo: WFS Technology Ltd.)

Slater joins WFS Technologies as Sales Manager

and Southeast Asia. He is based in Aberdeen.   Since joining WFS in March, Slater has been supporting the company’s U.K. and international customers in its use of Seatooth-enabled products to increase production and reduce costs.   Prior to joining WFS Slater spent 13 years at Schlumberger in domestic and international managerial positions as the main point of contact. Before Schlumberger, he worked in engineering roles for National Oilwell Varco and Wood Group Engineering.   Slater was educated Robert Gordon University where he holds a BSc in Electrical & Electronic

AccessESP Names Algeroy as Europe and Africa Region Manager

for clients throughout the region.   Algeroy joins AccessESP with 32 years of domestic and international oilfield experience where he has served in a variety of operational and managerial positions, primarily in the completions sector. Most recently, he worked as the product line manager for Schlumberger where he was responsible for the development of a new electric intelligent completions system for ERD and ML wells.    Algeroy holds a Bachelor of Science in petroleum engineering from Stavanger University in Norway. He is an active member of SPE where he has served as a Forum-Steering

Schlumberger: No More Job Cuts Expected in Current Oil Slump

Schlumberger Ltd, the world's No.1 oilfield services provider, said it was optimistic that it had completed the job cuts needed in this oil downturn.   Executives speaking on the company's earnings call on Friday said they expected "positive movement" in oil prices in 2016, but that any significant recovery in activity levels would come next year.   Schlumberger reported a slightly better-than-expected quarterly profit on Thursday as it cut costs again - mostly through 10,000 job cuts - and the company unveiled a $10 billion share buyback program.   The company has cut 34

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