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Friday, October 30, 2020

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Port of Virginia Names Edwards CEO

, Reinhart announced that he would be retiring in March 2021. During his tenure, Reinhart helped secure the port’s position as a leader in the maritime industry by modernizing the port’s infrastructure and rebuilding its reputation, brand, and competitiveness. The VPA board’s executive search committee immediately began working with Tim McNamara and executive search firm Odgers Berndtson, undertaking a worldwide search to find the port’s next leader. During Wednesday’s special virtual board meeting, John G. Milliken, chairman of the VPA board, held a vote on Resolution 20-19

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American Commercial Barge Line Names Ellis as CEO

officer and a member of its board of directors, effective August 17, 2020.Ellis will take the helm following ACBL's recently completed Chapter 11 recapitalization and restructuring, succeeding retiring president and CEO Mark Knoy, who has led the company since 2011.“Following a thorough search, we are delighted to welcome Mike Ellis as ACBL’s new CEO, beginning a new chapter in the company’s 100+ year storied history,” said John Giles, ACBL’s chairman of the board. “Mike comes to ACBL with a long history in the industry and brings a wealth of knowledge and

Chief Financial Officer Jesper Ridder Olsen - Credit: Maersk Drilling

Maersk Drilling CFO to Step Down

our company from a business unit in A.P. Moller - Maersk to an independently listed company on Nasdaq Copenhagen."I would 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

Robert Hosking - Credit: Karoon Energy

Karoon Energy CEO Steps Down after 16 Years at Helm

Stake"I wish to assure shareholders that I am committed to steering Karoon through a seamless transfer to full ownership of the Baúna asset and will work with the board to ensure a smooth transition to the new CEO," Hosking said.Karoon's board has engaged an independent specialist search firm to complete a global search for a replacement CEO.Karoon Chairman Bruce Phillips said “not many people understand how difficult it is to build a company starting with only an idea in your head. Bob’s entrepreneurial skills, dealing capability, and tenacity have been the driving forces

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)

Otto Energy's Gulf of Mexico assets

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

for two years to assist with building out the Company’s presence in the US. We would like to thank Mr. Allen for his significant contributions and guidance of the Company through a difficult period in our industry and wish him well in his future endeavors.” "We have begun the search for Matthew’s replacement and there will be no interruption to Otto’s operations. The Board and management remain focused on maximizing cash generation in the current environment, successfully bringing our GC 21 project online and preserving value for our shareholders.”  Otto

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

Weatherford CEO Steps Down

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 to the Board of Directors and will oversee the day to day operations. "The Board of Directors has initiated a search to identify a permanent President and Chief Executive Officer and will work with a leading executive search firm to assist in the process," Weatherford said."Weatherford delivered materially improved performance this year until the onset of the COVID-19 pandemic and actions by certain oil

(Photo: NavSim Services)

Wärtsilä Upgrades USCG Academy's Training Simulator

for Academy cadets and officers preparing to take command of their own cutters. The training emphasis is on navigation, piloting and collision avoidance. However, the inclusion of specialty modules within the Wärtsilä simulator solution also enables highly advanced training in naval operations, search and rescue, and other operational activities unique to the mission of the US Coast Guard (USCG).The advanced Wärtsilä system consists of two Full Mission navigation and ship-handling bridges, three additional part task bridges and five separate yet interconnected instructor stations, designed

Image Credit: TechnipFMC (Cropped)

TechnipFMC Cutting Jobs in Norway

, the Board of Directors for TechnipFMC in Norway have approved a reduction in the workforce," the spokesman said in a statement, adding that it plans to finalize the process by end of August.The company said on April 22 that it would slash salaries of executives after cutting its dividend by 75% in search of savings to cushion the impact of the novel coronavirus outbreak and downturn in the oil market. (Reporting by Bate Felix, editing by Louise Heavens

Photo: Seamen’s Church Institute of New York & New Jersey (SCI)

Nestlehutt tapped to lead SCI

as the Rector of Christ Church in St. Michaels, Maryland, a waterfront community on the Chesapeake Bay where his parishioners were comprised of Chesapeake Bay Pilots, Delaware River Pilots, tugboat captains, ship engineers, students at the Calhoon MEBA Engineering School, and others.“One of our Search Committee members expressed it well,” says Craig Philip, Research Professor at Vanderbilt University and SCI Selection Committee Chair. “This position is the perfect job for the right person, and in Mark we found exactly the right person – very knowledgeable and passionate about

Golar LNG CFO Robjohns Steps Down

Golar LNG Limited said that, after almost 20 years of service with the Golar group Graham Robjohns has decided to step down from his position as Chief Financial Officer. In order to facilitate a smooth transition,  Robjohns will remain in his current position until April 30, 2020 while the search for his replacement proceeds.Additionally, Golar LNG Partners L.P. announced that with immediate effect Brian Tienzo will step down as Chief Executive officer of Golar Partners and will focus full time on Golar group financings.  Robjohns will take on the role of Golar Partners CEO until April

Source: File Photo

STEM is so 'Yesterday’s News'

recently, people have suggested that the answer lies with STEAM. Thereby somehow suggesting that Art is needed to make STEM complete. This is both true and pointless at the same time. True because Art is an incredibly important part of science, engineering, math and technology. Not Art in the form of a search for prettier depictions of emotional concepts, but, instead, in the form of the search for, and expression of, deeper truths, in math, science, engineering and technology. Hence, we talk about the art of engineering, or elegant mathematical proofs, or rugged and efficient code. However, in all those

(Photo: Subsea 7)

Subsea 7 Seeks Engineers - From Any Sector

Offshore contractor Subsea 7  isn't limiting its search to the offshore and subsea talent pool as it looks to grow its engineering team. The company said it is offering experienced engineers from all sectors the opportunity to forge a new career in the subsea industry.Since 2005, the company’s Engineering Conversion Program has enabled more than 70  engineers from aerospace to automotive, and onshore construction to ex-military, to transfer their skills into oil and gas.The intensive program, which begins later in 2019, delivers a mix of on the job and classroom based training as

Mike Schwarz, Photo: IIMS

IIMS Launches Marine Surveyor Search App

The International Institute of Marine Surveying (IIMS) has launched a new free App for iOS and Android devices that makes finding a commercial, or yacht and small craft marine surveyor by area, or specialization, fast and simple. Not only a key benefit for members of IIMS, it will make the search for a surveyor easier for the boating and yachting public, brokers, P&I Clubs, marine insurers - in fact anyone needing the services of a marine surveyor on an occasional or ongoing basis.The content is drawn from the current IIMS practicing surveyor membership, which has been loaded in its entirety

“Through this transaction, Vigor gains responsible, forward-thinking investors who will seek to build on our current platform while maintaining a values-driven culture,” said Frank Foti, President and CEO of Vigor. Photo: Vigor

Vigor, MHI Acquired and Merged

and growth companies in the United States and Canada. As part of the transaction, Stellex Capital, MHI’s existing owner, will contribute new equity to the platform, while Vigor’s CEO Frank Foti will roll a portion of his existing Vigor ownership stake into the combined company.A CEO search is underway for the new company. Tom Rabaut, former President and CEO of United Defense and a current Operating Executive at The Carlyle Group, and Admiral James Stavridis, a retired 4-star U.S. Navy officer, former NATO Alliance Supreme Allied Commander, and a current Operating Executive at The

Image: Atlas Professionals

Atals Sets Sights on Asian Offshore

Atlas Professionals has extended permanent recruitment and executive search services for the offshore wind industry to the Asia Pacific region."With the offshore renewables industry surging ahead as countries aim to achieve their climate targets, clients all over the world – and definitively in the Asia Pacific region  – are increasingly looking to recruit professionals for permanent roles," pointed out offshore specialist recruiter.The offshore wind sector in the Asia-Pacific (APAC) region is growing at a remarkable rate. The APAC offshore wind capacity will rise mainly in

Stuart Nicholls (Photo: Shoreham Port)

Shoreman Port Announces Changes in Board

for five consecutive years on the Admiralty and Navy Boards. Sir Alan Massey’s naval career culminated as Second Sea Lord and Commander-in-Chief, Naval Home Command.In his eight years with the MCA, Massey led a fundamental transformation of HM Coastguard Service, introduced an all-new fleet of UK Search and Rescue helicopters under MCA control, and modernized the MCA’s vessel survey, inspection, regulatory and ship registration functions

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