Northern Ocean Names Arne Jacobsen CEO
, a joint venture between Hayfin Capital and Transocean, and has experience as a senior investment advisor for the oil and gas investment portfolio of Hayfin Capital.Beyond his background as an investment professional, Jacobsen holds extensive commercial and operational experience from the oil and gas industry. Before joining Hayfin Capital, Jacobsen held leading positions in Songa Offshore and Ocean Rig, where he was positioned both in Brazil, South Korea and Norway.Gary Casswell, chairman of Northern Ocean's board of directors, said, "We are very pleased to welcome Arne Jacobsen as the new
Conroy Joins Connector Subsea Solutions
in driving revenue growth and fostering client relationships, Martyn brings a wealth of expertise to the company," the Norwegian headquartered company said in a statement. "Martyn joins us with a proven track record of building high-performing, sales-driven teams within the subsea oil and gas industry."Conroy has held a number of leadership positions at subsea technology companies and was most recently managing director at Deepsea Technologies.Connector Subsea Solutions supplies products and solutions to deliver offshore connections for the energy industry
Hornblower Announces Leadership Promotions
and shaping a new vision for the future of the company. Prior to joining Hornblower Group, Peakes served as the CFO for both Merichem Corporation, a large private industrial services company, and Noble Corporation, one of the largest privately traded offshore drilling contractors in the oil and gas industry.Peakes, shared his excitement for the new challenge and his vision for the company's future. He commented, "I am truly thrilled to build on the great foundation that Hornblower Group has already established and ensuring that we continue to deliver the best possible experiences and services
W&T Offshore Appoints Parasnis as EVP and CFO
Director of Stifel Financial Corporation’s Energy & Energy Transition team in Houston. He started his investment banking career at Credit Suisse, where he worked for eight years (inclusive of four years internationally) on several notable domestic and international deals in the oil and gas industry, including initial public offerings, debt high-yield offerings and spinoffs. Parasnis began his career as a chemical engineer at Reliance Industries Ltd. in 1996 and subsequently transitioned to finance with Citigroup, following his MBA.“We are excited to welcome Sameer to W&T&rsquo
Larry Rigdon Retires from Tidewater Board
in Tidewater's ability to play a meaningful role in the future of the offshore service vessel industry.”“We would like to thank Larry for his many contributions to Tidewater,” Fagerstal said. “His leadership and deep experience in the maritime and offshore oil and gas industry were instrumental to the company as we emerged following one of the industry’s most challenging downturns. During Larry’s tenure on the board, Tidewater rebuilt itself as the global leader in the offshore support vessel industry and has positioned itself for continued success going
Supreme Court Sides With Offshore Worker in Overtime Case
An oil rig supervisor who earned more than $200,000 a year working for Houston-based Helix Energy Solutions Group Inc is entitled to overtime pay, the U.S. Supreme Court ruled on Wednesday in a decision with costly implications for the oil and gas industry.The court in a 6-3 decision authored by liberal Justice Elena Kagan decided that because the rig supervisor, Michael Hewitt, was paid a daily rate of $963 and not a salary, an overtime pay exemption in federal wage law for highly paid workers did not apply to him.The justices affirmed a 2021 ruling by the New Orleans-based 5th U.S. Circuit Court of
Crain Named Managing Director at APM Terminals Liberia
and has been involved in various aspects of running businesses in West Africa and Latin America. He joins APM Terminals from SageRider, where, as Business Development Advisor, he is advising the boutique tech company that provides the latest technology solutions to the businesses in Oil and Gas Industry, towards development of West African markets. Prior to that, he also served as General Manager at Nigerian-owned oil and gas production solutions company Eunisell and as consultant to various companies from the energy sector.“I am very happy to introduce Clay to our organization and to APM
Deepsea Technologies Promotes Satterfield
Projects and Operations.Satterfield has worked for Deepsea Technologies in senior management roles since 2013.He is now responsible for the project execution and operational excellence as the firm engineers and manufactures a wide range of subsea products and equipment used in the offshore oil and gas industry.Prior to joining Deepsea Technologies, Satterfield was Vice President at Forum Energy Technologies and its predecessor Perry-Slingsby. He studied at the Nuclear Power School - Naval Nuclear Power Training Command (NNPTC) in South Carolina
ABS Hires Hernandez to Head its Offshore Division
and regulatory challenges of the energy transition and ABS is fully committed to ensuring they get it. Miguel’s appointment is the latest evidence of that,” said Christopher J. Wiernicki, ABS Chairman, President and CEO.Hernandez has more than 18 years of experience in the oil and gas industry, including expertise in global strategic account management, offshore sales and business development. He holds a Bachelor of Science in Mechanical Engineering Technology from Texas A&M University and a Master of Business Administration from Rice University
Chris Weber Steps In as Valaris CFO
that Chris Weber has commenced his role as senior vice president and chief financial officer, having been appointed to the role in late May.Weber previously served as CFO of LUFKIN Industries, the global provider of rod lift optimization solutions, products, technologies and services to the oil and gas industry. Weber has also served as CFO of Abaco Drilling Technologies, Halliburton and Parker Drilling Company, and also held senior finance roles at Valaris predecessor companies, Ensco and Pride International.Valaris president and chief executive officer Anton Dibowitz said, “I am pleased to welcome
Investments in Hydrogen, Platform Electrification, and CCS Could Create 26,000 New Jobs in UK by 2030
a large chunk of the profits from offshore oil and gas extraction to the Treasury, meaning oil and gas operators will have less money for investing in new technologies."The RGU research was commissioned by OEUK under the North Sea Transition Deal, a 2021 agreement between the offshore oil and gas industry and UK government. The deal recognizes the role of the sector in providing secure supplies of oil and gas while also enabling offshore oil and gas companies to deliver low-carbon energy production, also including offshore wind," OEUK said.RGU looked at three investment scenarios to work out
LR Names Abi-Saab Chief Technology and Innovation Officer
Technology and Innovation Officer (CTIO). Abi-Saab, who was previously with Bahri (formerly known as the National Shipping Company of Saudi Arabia) as their Chief Technology 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
Avenir LNG Names Baltar CFO
it has appointed Abigail Baltar as its new chief financial officer.Baltar first joined Avenir assuming the role of head of finance in 2020. She brings with her over 20 years of financial, investment and corporate finance experience, the last 11 of which have been within the shipping and oil and gas industry.Avenir LNG chief executive officer, Peter Mackey, said, "I am delighted to appoint Abigail as our CFO. She has built a strong track record since she joined Avenir and has been critical to our recent success and growth. Abigail will play a key role within the group as we continue to build
Valaris Announces Executive Leadership Changes
Raimbault will continue to serve as vice president and interim head of marketing and remain with the company after Lyne joins.Weber previously served as chief financial officer of LUFKIN Industries, the provider of rod lift optimization solutions, products, technologies and services to the oil and gas industry. He has also served as chief financial officer of Abaco Drilling Technologies, Halliburton and Parker Drilling Company, and also held senior finance roles at Valaris predecessor companies, Ensco and Pride International.Lyne joins Valaris from Seadrill, where he served in a number of senior marketing
Lewis Named Partner in MidAtlantic Engineering
oversight, and inspections. Under his direction, the team has worked extensively throughout the northeast and across the United States and Puerto Rico in various industries for a multitude of clients ranging from on-call state and federal government contracts to port facilities for the Oil and Gas industry and more.Lewis started his career with Hardesty and Hanover, later joining COWI North America where he climbed through the ranks from engineer-diver to project manager, before joining MidAtlantic. He is a graduate of NYU School of Engineering, is a member of Tau Beta Pi, and is a licensed
Alabama Shipyard Names Wagner CEO
Mobile, Ala. repair yard Alabama Shipyard, LLC announced it has appointed Greg Wagner as its new chief executive officer (CEO).Wagner is joining the Alabama Shipyard team from the position of CEO at Navarro Capital Partners LLC., an oil and gas industry marine and subsea construction support services provider.Wagner is a graduate from the State University of New York Maritime College and has held various management and executive positions in marine operations, business development, and project and asset management. Over the course of his career, Wagner, successfully led several Engineering, Procurement
Hornblower Names Peakes EVP and CFO
for its guests across the globe.” Peakes comes to Hornblower from Merichem Corporation, a large private industrial services company, serving as the company CFO, and previously as CFO at Noble Corporation, one of the largest publicly traded offshore drilling contractors in the oil and gas industry. Prior to that, he had a nearly 20-year career as an investment banker, serving as a managing director at Goldman Sachs, then as a partner at the boutique investment banking firm of Tudor, Pickering, Holt & Company. Peakes additionally spent time working in the sports industry, including playing
