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Monday, August 3, 2020

Oil And Gas News

Francesco Gattei -  Eni CFO/Image Credit: Eni

Eni Names CFO

Italian oil and gas company Eni has named Francesco Gattei as its Chief Financial Officer.In 2019, Gattei moved to Houston to become Eni's Upstream Director of the Americas, managing the E&P business in the USA, Mexico, Venezuela, and Argentina.Eni said Monday that in his new role, Gattei is tasked with supporting the CEO in developing and implementing Eni’s economic and financial strategy during this important phase of accelerating the company’s decarbonization plan.Born in Bologna in 1969, Gattei graduated in Economics and Commerce at the University of Bologna with a thesis

Chief Financial Officer Jesper Ridder Olsen - Credit: Maersk Drilling

Maersk Drilling CFO to Step Down

like to thank Jesper for his contributions to Maersk Drilling and I appreciate his commitment to ensure a smooth and efficient handover in the months to come as we commence the search for his replacement.”Maersk Drilling in May revised down its earnings expectations for the year 2020 citing oil and gas companies' cuts in spending, reduced sanctioning of new projects, delays, and cancellations of drilling tenders, and the fact that some contracts in hand contracts had been renegotiated, suspended, or terminated.The driller revised its guidance for 2020 for EBITDA before special items to USD

Tim Duncan - Credit: Talos

Talos CEO Becomes Vice-Chairman of U.S. Offshore Industry Body NOIA

Tim Duncan, CEO of Talos, an oil and gas company focused on exploration and production in the Gulf of Mexico, has been appointed Vice Chairman of the U.S. National Ocean Industries Association (NOIA).Duncan will join NOIA Chairman and Halliburton Vice President Industry Relations Galen Cobb as an NOIA National Officer. Galen has been the NOIA Chairman since April 2020. Following the vote by the NOIA Board of Directors, NOIA President Erik Milito said, “The offshore industry has a powerful story to tell, and Galen and Tim’s leadership will help us tell it. Not only does our

Robert Hosking - Credit: Karoon Energy

Karoon Energy CEO Steps Down after 16 Years at Helm

Australian oil and gas company Karoon Energy has said that its founder and CEO Robert Hosking will step down after 16 years at the helm.The company, with oil and gas projects in Australia, Peru, and Brazil, said Wednesday that Hosking had informed it of its decision to retire at the 2020 Annual General Meeting.Commenting on his retirement plans, Hosking said: “After 16 years at the helm, and having transformed Karoon from a A$8 million pure-play exploration company in the onshore Gippsland Basin, to making offshore gas discoveries in the Browse Basin, reaching the ASX 200 index, developing a

Equinor CEO Eldar Saetre - Credit: Equinor

Report: Equinor Shortlists Four Candidates to Succeed CEO Eldar Saetre

Equinor has short-listed four internal candidates to succeed Chief Executive Eldar Saetre who is likely to announce his departure within the next few months, a source familiar with the process told Reuters.The candidates have been asked to present their views on how to speed up the Norwegian oil and gas group's transformation towards becoming a greener company while preserving profitability, the source said.The four internal candidates are chief financial officer Lars Christian Bacher, head of midstream and marketing Irene Rummelhoff, head of international development and production Torgrim

In Guyana, Exxon produces oil via the Liza Destiny FPSO (File photo: Hess Corp)

Exxon Names Country Head in Emerging Hot Spot Guyana

of its operations in Guyana, a South American country that just started producing crude last year and is seen as key to the company's future.Alastair Routledge takes over after the company, as part of a consortium with Hess Corp and China's CNOOC Ltd, has discovered some 8 billion barrels of oil and gas off the coast of Guyana, a poor country with no history of oil production.While crude exports have the potential to spur economic development, Routledge will have to contend with political turbulence after a disputed March presidential election. Exxon Chief Executive Darren Woods told investors

Tareq Kawash / Credit: McDermottt

McDermott Names Senior VP for EMEA Region

of our regions to form EMEA considering he grew up in the Middle East and has worked with our customers in both regions covering offshore and onshore segments."Kawash has nearly 30 years of experience in the engineering and construction industry with domestic and international assignments for oil and gas projects. Prior to McDermott's combination with CB&I in 2018, he was CB&I's Group Vice President, Engineering and Construction International. Prior to joining CB&I in 2000, he worked with KBR for two years and Consolidated Contractors Company for seven years.Kawash has a Bachelor

Image credit: marcin jucha/AdobeStock

Offshore Industry Welcomes UK Gov't Job Retention Bonus. Calls for Long-Term Support

. Further detail about the scheme will be announced by the end of July," the UK government said.The objective of the scheme is to provide a financial incentive to employers to bring their furloughed staff back to work and keep themon over the coming months as an alternative to redundancy. Oil and Gas UK Welcomes the Plan, Calls for Long Term SupportThe UK’s offshore oil and gas industry's representative body Oil and Gas UK has welcomed the Chancellor’s announcement of support for employers, including the Job Retention Bonus and moves to support more traineeships and

Todd Carey (Photo: PCCI)

PCCI Hires Carey as Chief Engineer

, Calif. He will be responsible for providing engineering, design, installation and program/project management services to U.S. government and commercial clients in the ocean facility and offshore energy industries.Carey is a Mechanical Engineer with experience supporting U.S. Navy, and upstream oil and gas clients on the U.S. West Coast.  He has 18-years of experience in the analysis, design and installation of ship deployment systems, ocean facility installations, port security barriers, and submarine cable shore landings. He received a Bachelor of Science in Mechanical Engineering from California

Australia's Oil Search Slashes Workforce by 34%

Australia's Oil Search on Wednesday said it has reduced its total workforce by around 34% under its cost restructuring review to cushion the blow from subdued oil prices as a result of the coronavirus pandemic.The Papua New Guinea-focused oil and gas producer said full-time employees have currently been reduced to 1,222 from 1,649 in mid-March, with another 137 moving out by year-end.The firm expects production costs to be about $10.50/boe in 2020, compared to a previous cost guidance of US$11-12/boe, it said in a statement. (Reporting by Sameer Manekar in Bengaluru; Editing by Himani Sarkar)

Image for illustration; Credit: Hunting

Hunting Slashes 25% of Workforce

units in the second quarter, the company said on Monday.The manufacturer and services provider, which had 2,956 employees across its global operations at the end of last year, said it would cut 739 jobs by the end of the month.Hunting, which manufactures a wide range of tools and solutions used in oil and gas exploration, said it would close three distribution centres in North America and two manufacturing facilities in Oklahoma City and Texas."Our business is likely to continue to see volatile trading throughout Q3 2020, but the group's cost base has now been recalibrated to current market

NPD Director General Ingrid Sølvberg - Credit/NPD

Norwegian Petroleum Directorate Names New Senior Management Team

The Norwegian oil and gas regulator Norwegian Petroleum Directorate has appointed new senior management team."The six directors who will make up the Norwegian Petroleum Directorate’s senior management team along with Director General Ingrid Sølvberg have now been employed," NPD said Thursday.The positions were advertised at the end of April, and, according to Director-General Sølvberg there were a total of around 150 applicants for them.Sølvberg said there had been an intense period where "we have interviewed many good candidates.""We have recruited

Jessica Hutchison - Credit: deugro

deugro Names Hutchinson VP – Oil & Gas Logistics

years, Hutchison managed the global account development and contractual relationship with one of the world’s leading oilfield service companies while working at Panalpina. deugro did not say who the oilfield services firm was."[Hutchinson] excelled in this role and became recognized in the oil and gas logistics industry as a key global business developer. In addition, Jessica Hutchison has over 25 years of freight forwarding experience in sales and management roles with Jarvis International Freight, American Cargo Express, and Eagle USA," deugro said.Over the course of her career to date

Otto Energy's Gulf of Mexico assets

Otto Energy Looking to Appoint Gulf of Mexico Veteran as New CEO

Oil and gas company Otto Energy has said that Matthew Allen will step down as Chief Executive Officer and from the Board as Managing Director effective immediately by mutual agreement following the completion of his two-year assignment to Houston.Allen was appointed Chief Executive Officer in February 2014 and Managing Director in June 2015. He joined Otto Energy in 2009 as Chief Financial Officer. Prior to joining Otto,  Allen worked for Woodside Energy for over 8 years in leadership roles in a number of Woodside business units, including within Woodside’s overseas businesses in Africa.

Join a webinar on June 17, 2020 for the global release of a major new market study on the depth, breadth and growth prospects of the Offshore Wind Market -- https://zoom.us/webinar/register/WN_UR5uY1boTOKdAAcAXDbR4g
© zozulinskyi/AdobeStock

The Emerging U.S. Offshore Wind Industry in a Post-COVID-19 World

. Moreover, this is a politically charged topic, and there are several movements afoot to try to change these laws and regulations in potentially material ways, so this will need to be continuously monitored.While the U.S. offshore wind industry is in its infancy, we do have a well-developed offshore oil and gas industry, particularly in the U.S. Gulf. Much of the “oil patch” vessel work has been fixed on the widely used time charter SUPPLYTIME 2005 form. However, because that form was intended for the oil and gas industry, it required extensive amendments to fit the needs of the offshore-wind

Jim House, Neptune Energy CEO - Credit: Neptune Energy

Neptune Energy Plans to Let 400 Office Workers Go

Oil and gas company Neptune Energy is looking to reduce its workforce by 400 positions, half of which are contractor roles, citing the impact of the COVID-19 and a drop in oil prices."We anticipate approximately 400 roles across nine countries to be impacted by these proposals, with around half of these staff positions and half contractor positions. The impacted roles would be office-based and operations would not be impacted by these proposals," Neptune said in a statement sent to Offshore Engineer. Neptune's current workforce - including staff and contractors - is around 1,900.

Image by Gerd Fahrenhorst/Wikimedia - Shared under CC BY 3.0 license

Weatherford CEO Steps Down

U.S. oilfield services company Weatherford has said that Mark A. McCollum, President, Chief Executive Officer, and a director, has left the company, effective immediately. McCollum, an executive with four decades of experience in the oil and gas industry, joined Weathearford as CEO in 2017, having previously served as CFO at rival service company Halliburton.He will now be replaced by Karl Blanchard, Executive Vice President and Chief Operating Officer, and Christian Garcia, Executive Vice President and Chief Financial Officer, who will form the Office of the Chief Executive, reporting directly

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