Terje Askvig Joins Prosafe as New CEO
Prosafe, an offshore accommodation rig provider, has welcomed Terje Askvig as its new CEO."Terje brings extensive experience from shipping, oil service and private equity and has among others experience from Eitzen Chemical, Fred Olsen & Co and Triton Partners. His experience and track record fit well with Prosafe’s strategic agenda in a clearly improving market for high-end offshore accommodation. We look forward to working closely with Terje, aiming to propel the company's growth and ensure that we deliver safe and efficient operations," Prosafe said.During his period as a
Former BOEM Head Amanda Lefton Joins RWE
German energy company RWE announced it has hired Amanda Lefton as Vice President of Offshore Development, U.S. East.Lefton was previously Director of the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) during a period of sigificant growth for the U.S. offshore wind industry under direction from the Biden Administration. Lefton resigned from here position at BOEM effective January 19, 2023.RWE is one of the world's largest producers of offshore wind energy, with projects in Asia, Europe and the United States. In the U.S., it has leases off New York and California
Next Wave of North American LNG Export Projects to Face Labor Challenges
.There are eight export projects now under way that when completed would add 86 million tonnes per annum (MTPA) capacity of the chilled natural gas. The projects have already created thousands of construction jobs and are soon to employ hundreds of operators.Paul Marsden, head of Bechtel Corp's Energy global business unit, which has built 30% of the world's LNG plants in the last 20 years, said industry, labor and education must work together to provide the training and workers to staff all the projects."Labor has grown as an inflationary concern for everyone in the industry. We need
Unique Group Names New CEO
organization with over 500 employees today. On the appointment of Sahil Gandhi as CEO, Harry Gandhi said:“Over the years, Sahil has been instrumental in shaping Unique Group to become a leader in providing comprehensive technical and digital solutions for the subsea, renewable, and wider energy industries, with a continued focus on sustainability. Sahil’s appointment heralds the beginning of a new era for Unique Group, and I’m confident that his expertise, passion, and ambition will steer the company towards new heights.&rdquo
350 New Jobs: Haizea Bilbao to Supply Monopiles for UK's East Anglia Three Offshore Wind Farm
Scottish Power, a UK subsidiary of Iberdrola, a Spanish renewables giant, on Wednesday signed a framework agreement worth over €200 million with Haizea Wind Group, for Haizea Bilbao to supply 50 monopiles to the East Anglia Three offshore wind farm in the UK.The monopiles will be built in Haizea's facilities in the Port of Bilbao. Also on Wednesday, the Basque First Minister Iñigo Urkullu, the Chairman of Haizea Wind Group Dámaso Quintana, and the Chairman of Iberdrola Ignacio Sánchez Galán, together with other authorities, laid the first stone of the new
Swift Anchors Looking to Expand Engineering Team
Swift Anchors, a UK-based company that develops anchoring solutions for the global offshore energy (floating wind, floating solar, tidal and wave) and aquaculture industries, is looking for new engineers to join its team. The company said that the need to has been spurred by its current work program and a growing commercial interest in its technologies. The company plans to more than double its workforce during 2023.Swift Anchors, acquired by Schottel last year, is currently working on marine energy projects on both sides of the Atlantic, and is pursuing a number of other project opportunities
Westwood Names Director of Hydrogen
Energy market research and consultancy firm Westwood Global Energy Group (Westwood) has appointed Joyce Grigorey as Director of Hydrogen.Grigorey has 15 years of analytical and project management experience in research and consulting, having worked across the natural resources sectors – with cross-sector expertise in energy, petrochemicals, plastics, oil refining and gas, and shipping. She joins Westwood from Wood Mackenzie, where she was a member of the hydrogen consulting team and played a part in developing the chemicals research practice.David Linden, Head of Energy Transition, Westwood
Equinor Names Reitan as New CFO
Norwegian energy giant Equinor has appointed Torgrim Reitan as Chief Financial Officer and executive vice president in Equinor, with effect from October 6, 2022.Reitan succeeds Ulrica Fearn who has decided to leave the company to pursue a CFO opportunity outside the company. Ulrica Fearn will be available to secure a good handover to her successor until further notice, Equinor said.Separately, Danish brewery group Carlsberg Group announced that Fearn would join Carlsberg as Chief Financial Officer and a member of the Executive Board. Before joining Equinor, Fearn had 19 years of experience in the
Semco Maritime's Offshore Workforce for Aker BP's Norwegian Oil Fields
Norwegian oil and gas company Aker BP has awarded Semco Maritime a contract for the provision of Offshore Personnel Service in 2022-2027 for the company’s oil & gas installations on the Norwegian Continental Shelf."Semco Maritime has provided highly qualified labor to Aker BP under a framework agreement for the provision of offshore personnel since 2016, and the new contract entails a continuation of the cooperation in 2022-2027 with the option of extending by 12 + 12 months," Semco Maritime said.The contract covers the provision of personnel for the oil fields Valhall, Ula, Ivar
Investments in Hydrogen, Platform Electrification, and CCS Could Create 26,000 New Jobs in UK by 2030
A trio of new low-carbon technologies could create 26,000 new UK energy jobs by 2030, according to Robert Gordon University research commissioned by Offshore Energies UK (OEUK).Many of the new jobs would be in coastal communities stretching around the UK, from East Anglia, northeast England, north-east Scotland and down to Merseyside and north Wales, the research said.RGU’s Energy Transition Institute looked at the potential benefits of three new fast-expanding energy technologies: Mass production of hydrogen - a green fuel that can replace natural gas and diesel; Carbon transport and storage
Eidesvik Offshore Names Cotgrove as New CFO
Norwegian offshore vessel owner Eidesvik Offshore has named Helga Cotgrove as Chief Financial Officer (CFO). Cotgrove will join Eidesvik Offshore October 1, 2022 at the latest. She has more than 20 years of energy sector finance experience in various roles within M&A, strategy, tax, finance, accounting, and auditing. She comes from the position as CFO in Norsk Solar AS. Cotgrove previously worked as Halliburton's director of corporate development in Houston, where she was in charge of global M&A deals.Cotgrove holds a degree in accounting and auditing and an MBA in Management
Norway Oilfield Services Workers Agree Wage Deal, Averting Strike
Two Norwegian labour unions have signed new wage deals with oil service companies, the unions said on Thursday, preventing a strike among workers.Some 646 members of the Safe and Industri Energi unions had threatened to go on strike at companies such as Schlumberger, Baker Hughes, and Subsea 7 unless a deal was reached.(Reuters - Reporting by Nerijus Adomaitis, editing by Terje Solsvik)
Norway Oil Companies, Workers Agree Wage Deal in Principle, Avert Strike for Now
impact, while Lederne said its members would target oil. Safe had not said whether a strike by its members would have an impact on oil output.Norway pumps just over 4 million barrels of oil equivalent per day, half in the form of crude and other liquids and half from natural gas, making it a major global energy supplier.(Reporting by Nerijus Adomaitis and Gwladys Fouche, editing by Terje Solsvik, Catherine Evans and Ed Osmond
Vallourec to Close Sites in Germany, France, and Scotland, with 2950 Jobs Set to Be Lost
Vallourec is starting a process to close its German manufacturing sites as it had failed to find a "credible" buyer for the assets, the French steel pipe maker said on Wednesday.Vallourec also said it would close its heat treatment line in Saint-Saulve in France and a site in Scotland.The firm, which in November announced plans to dispose of its German assets and relocate its oil and gas activities to Brazil, said the closure process in Germany would take place over the next two years and include the sale of the land and buildings. Vallourec said in a call with journalists that the
Dolphin Drilling Names VP of Marketing as It Targets North Sea Growth
Harsh environment offshore drilling services provider Dolphin Drilling has appointed Michael Boyd to the role of VP of Marketing, as the firm eyes further growth and boosts its presence in the North Sea market.Boyd, who first joined Dolphin Drilling in 2013 as Assistant Rig Manager has progressed throughout his career at Dolphin, spanning almost a decade, holding multiple roles including Rig Manager, Project Manager, and latterly as VP of Supply Chain. He has an MBA from the Open University and an MSc in Project Management from Aberdeen University.Dolphin Drilling which has operational bases in
New COO and CFO for Eidesvik Offshore
Norway-based offshore support vessel operator Eidesvik Offshore has appointed Arve Nilsen as its new Chief Operating Officer (COO) and Ellen Sofie Ottesen as its new Chief Technology Officer (CTO).Nilsen comes from the position of Technical Manager in Eidesvik with responsibility for technology, purchasing, and IT. He has more than 30 years of industry and technology experience and has been with the Company for 13 years.Ottesen comes from the position of Director of Sustainability in Eidesvik. She has more than 15 years of experience within the company from various management positions such as Fleet
Semco Maritime Looking to Recruit More Than 200 People for Tyra, Greensand Work
Danish offshore energy industry services firm Semco Maritime is looking to recruit more than 200 people due to the "significant" growth of offshore projects in the North Sea, particularly Tyra and Greensand projects. The jobs would see workers employed on 2/2 or 2/3 rotations."Semco Maritime currently finds themselves faced with an interesting challenge. The company needs to recruit a high number of people in a short amount of time – more than 200 positions, some of which need to be filled before Q2 this year. The positions are in a wide range of areas, including welder-fitters
Xodus, BSG Launch Project in U.S. to Bring Offshore Wind Jobs to Underrepresented Groups
UK-based energy consultancy Xodus is teaming up with Browning the Green Space (BGS) coalition to create a workforce program aiming to increase the participation of underrepresented populations in the offshore wind industry across Massachusetts, USA.The workforce program, which has received $140,000 of funding from the Massachusetts Clean Energy Center, includes a targeted community and education engagement campaign directed at high schools and community colleges in disadvantaged communities. Target groups include people of color, indigenous people, women, students in vocational-technical education
500 Local Jobs: Vineyard Wind Signs Labor Union Deal for U.S. Offshore Wind Farm
Trades Council covers 500 jobs, most of which will go to local workers, the company said in a statement. It also includes hiring targets for women and people of color.The pact is the first in the nascent U.S. offshore wind industry and comes as President Joe Biden, a Democrat, has pledged that his clean energy and climate change agenda will create millions of good-paying union jobs.Biden's administration approved the Vineyard Wind project in May, billing it as the launch of a new domestic energy industry that will help eliminate emissions from the power sector.Dennis Arriola, chief executive of Avangrid
McDermott CEO David Dickson Resigns. Interim CEO Named
David Dickson, CEO of offshore installation and construction firm McDermott has decided to resign, the company said Monday. Dickson was CEO of the company since December 2013.Lee McIntire, an independent director on the McDermott Board of Directors, will assume the responsibilities of interim Chief Executive Officer effective immediately. Nils Larsen, Lead Directo said: "Lee is a strategic and pragmatic leader. He brings extensive experience leading successful engineering and construction firms and will work closely with McDermott's executive leaders. McDermott has outstanding capabilities
Ex-Bibby Offshore Man Takes Helm of Decom North Sea
of my predecessor and his board of directors, my aim is to consolidate DNS’ position as a key voice within the decommissioning arena. Operator, supply chain and regulator communities share a joint vision to provide safe, cost-effective and environmentally sound decommissioning as the energy transition accelerates – and DNS exists to provide a vital link between each group, facilitating their joint success.” Jinda Nelson, Chair of DNS’ board of directors added: “We are thrilled to welcome Fraser to Decom North Sea, knowing that his global decommissioning
UK: Offshore Wind Industry to Support Almost 70,000 Jobs by 2026
Blade Construction Facility in UKThe Industry Chair of OWIC Danielle Lane, UK Country Manager for Vattenfall, said: “The UK offshore wind industry employs thousands of people in parts of the country which other sectors fail to reach and which need leveling up the most. This month GE Renewable Energy announced that it will open a massive offshore wind turbine blade manufacturing plant on Teesside, transforming a former steelworks site into a high-tech clean energy powerhouse and boosting our innovative UK supply chain.“We offer opportunities to people from all backgrounds and with qualifications
Ørsted Names Head of Government Affairs and Policy in New York
Pataki. In this role, she served as the principal liaison to the 212 elected officials of the New York State Legislature. Previously. Fernandez worked in the New York State Assembly and in the New York State Senate."Joanne’s over fifteen years of experience at the interface of New York’s energy industry and government will serve Ørsted well as we continue to advance the state’s burgeoning offshore wind market and develop our South Fork Wind, Sunrise Wind, and future projects in the state,” said Fred Zalcman, Head of Government Affairs at Offshore North America, Ø
Tidewater Names CFO, COO
U.S. offshore support vessel company Tidewater has announced the promotion of two key members of the company’s executive team, Sam R. Rubio and David E. Darling, to the positions of Chief Financial Officer and Chief Operating Officer, respectively.Rubio has been promoted to Executive Vice President and Chief Financial Officer, following his accomplishments serving as the Company’s Chief Accounting Officer and Controller since joining Tidewater following the combination with GulfMark Offshore, Inc. in 2018. Prior to joining Tidewater he served as GulfMark’s Senior Vice President
Aker Solutions Names EVP for Sustainability
Norwegian offshore energy services company Aker Solutions has appointed Marianne Hagen has been appointed executive vice president for sustainability and communications in a push to expand its work on sustainability."Last year, Aker Solutions established a business segment dedicated to the energy transition, such as low-carbon solutions and projects for renewable energy. Today, the company announces that it will also reduce the environmental footprint from its own operations. Marianne Hagen has been appointed executive vice president for sustainability and communications. She will be part of the
Offshore Wind Seen as Lucrative Side Gig Option for US Fishermen, Mariners
The growing U.S. offshore wind industry will offer "a substantial number of opportunities" for the local fishermen and mariners to supplement their income, a study commissioned by the New York State Economic Research and Development Authority (NYSERDA), has found.The study – compiled by The Renewables Consulting Group (RCG) – concluded that as the offshore wind industry grows, the option for mariners to supplement their income will become available during all phases of a project’s lifecycle.Based on current Northeastern US offshore wind commitments alone, the study shows
Galloper Wind Farm Opens Recruitment for Two Wind Turbine Technician Apprentices
RWE Renewables has opened recruitment for two new wind turbine technician apprentices at Galloper wind farm, offshore the UK. Galloper Offshore Wind Farm is a 353MW project located 27km off the coast of Suffolk. The estimated average annual generation expected at the site is equivalent to the approximate domestic needs of more than 380,000 average UK households.The three-year apprentice scheme will include two years of classroom-based learning at a Wind Turbine training facility at Llandrillo College, Rhos on Sea in North Wales. The apprenticeship scheme is run by RWE Renewables
R&M Engineering Names New Managing Director
Scottish offshore engineering and construction company R&M Engineering (R&M) has appointed Colin Maver as Managing Director."Mr. Maver was Group Director of Dron & Dickson for 16 years, gaining extensive market experience in UK, Brazil, and UAE. He will assist R&M to capitalize upon strong growth opportunities in both existing and new markets," R&M, a company that employs 80 staff, said.Commenting on his appointment, Maver said: “I am delighted to be joining the R&M team at a time when we are ready to take our specialist solutions to new markets. Our
Vår Energi Names New CEO
Statoil) both in Norway and internationally, most recently as the Head of Safety and Security and before this as the SVP Project Development. Speaking of the new appointment Philip Hemmens, Chairman of Vår Energi said: I am delighted that Torger has agreed to be our new CEO, he has the energy, leadership skills, and experience to ensure that Vår Energi reaches its objectives in the current challenging environment. "I would like to thank Kristin Kragseth for her invaluable contribution in establishing Vår Energi on the NCS and I wish her every success in her new role in
Ørsted Pens Offshore Wind Workforce Deal with NABTU
expansive job opportunities in a brand-new American industry for years to come and raising economics for a just transition in the renewable sector.83,000 jobsThere are currently 15 active commercial leases for offshore wind development in the U.S. According to a report released by the American Wind Energy Association, as cited by Ørsted on Wednesday, if fully built, these leases would support up to 30 GW of offshore wind capacity – representing an estimated 83,000 jobs and $25 billion in annual economic output within the next decade.“Today’s agreement expands career
Offshore Wind Giant Ørsted Names New CEO
in leading global companies, the Board is confident that Mads Nipper is the right person to lead Ørsted in the next phase of our exciting journey," Andersen said.Mads Nipper, Ørsted’s next CEO and Group President said: "The challenge we face in transforming the world’s energy systems from fossil fuels to renewable energy to avoid the catastrophic consequences of climate change is more pressing than ever and requires action in all parts of society. As one of the five largest renewable energy companies in the world and with a clear ambition to be a leader in the global
Exxon Considering Global Job Cuts after Lay-Off Plan in Australia Revealed
Exxon Mobil Corp is assessing possible worldwide job cuts, a spokesman said on Wednesday, after the company announced a voluntary lay-off program in Australia.Exxon is the latest oil major to embark on axing jobs spurred by a historic collapse in fuel demand because of the coronavirus pandemic.The company has slashed capital spending this year by 30% to around $23 billion and said in August it planned both capital and operating expense cuts to defend its dividend after reporting losses in the first and second quarters."We have evaluations underway on a country-by-country basis to assess possible
Dana Petroleum Names New CEO
Dana Petroleum, a North Sea-focused subsidiary of South Korea's KNOC, has appointed Jongwoo Kim as its new CEO.Kim joins Dana Petroleum from its parent company Korea National Oil Corporation.Jongwoo succeeds the previous CEO Yongwoo Kang who has returned to Korea to take up the role of Senior Executive Vice President – E&P at KNOC. Kang will continue his association with Dana as chairman of the Dana Board of DirectorsThe new CEO of Dana Petroleum joined KNOC in 1992 and has worked in many different areas of the business including New Ventures, managing subsidiary companies, the oil
Lundin Energy Names New Chief Operating Officer
Swedish oil and gas company Lundin Energy on Friday said it would appoint Daniel Fitzgerald as Chief Operating Officer (COO) of Lundin Energy, effective January 1, 2021.The appointment follows the news issued three days prior, informing that Nick Walker, the current COO of the Norway-focused oil company, would replace Alex Schneiter as President and CEO. Schneiter has decided to step down at the end of the year.The new COO, Fitzgerald, is currently COO of International Petroleum Corporation (IPC), a Lundin spinoff with assets in Malaysia, France, and Canada, having previously held senior management
Norway: Unions, Employers Agree Wage Deal, Averting Strike
Norwegian workers reached a deal with employers on Friday over wages at shipyards and a wide range of other manufacturing industries, averting the outbreak of a major labor dispute, the largest union of the private sector said.Some 28,000 workers had been scheduled to go on strike if no agreement was found, and a conflict could also have spread to other industries.The United Federation of Trade Unions, also known as Fellesforbundet, said the deal gave a pay increase of 0.5 Norwegian crowns ($0.06) per hour of work.Employers had warned that a strike amid the COVID-19 pandemic could have resulted in
Oilfield Services Employment Diving to 10-Year Low
count in over 10 years, as a consequence of the COVID-19 pandemic, low oil prices, and cuts in spending by the oil companies."The oil market turmoil brought on by Covid-19 has led to lower-than-anticipated activity and delayed projects, forcing the industry to deploy cost-cutting measures. Rystad Energy analysis of the top 50 oilfield service (OFS) firms shows that staffing is set to reach its lowest level in more than 10 years, with the anticipated revenue per employee also declining towards the previous downturn’s level," Norwegian energy intelligence group Rystad Energy said Tuesday
Bladt Names Offshore Wind Specialist as Its New CEO
Danish offshore construction company Bladt has appointed Anders Søe-Jensen, the former head of both Vestas Offshore Wind and GE Offshore Wind, as its new CEO.He will be succeeding Klaus Steen Mortensen who has decided to step down due to a chronic but not a life-threatening heart condition. Mortensen has been in charge of the company specializing in the construction of steel structures for offshore renewables and oil and gas industry for almost three years.Mortensen said: "My prime focus has been on creating a far more efficient, predictable and stable company that can compete without
Eni Names CFO
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 on the oil market. He obtained the MEDEA (Master in Energy and Environmental Management) Master’s from the Scuola Mattei in 1994.Over the years he's held various roles in Eni. In 2014, he was appointed Head of Investor Relations and also acted as Secretary to Eni's Advisory Board from 2016 to 2019.Eni last week reported a net loss of &euro
Talos CEO Becomes Vice-Chairman of U.S. Offshore Industry Body NOIA
. 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 industry deliver energy, jobs and growth in an environmentally-responsible manner, we tangibly raise the quality of life for society. Even among unprecedented global uncertainty, the world will continue to need safely and reliably produced oil and natural gas and wind energy.” NOIA Chairman Galen Cobb said, &ldquo
Massachusetts Institutions Get Grants for Offshore Wind Workforce Training
consumed in the state.First Major US Offshore Wind Farm Reaches Permitting Milestone“Expanding training and educational programs for the offshore wind industry will pave the way for the Commonwealth’s talented local workforce to take advantage of rewarding new job opportunities in clean energy,” said Lieutenant Governor Karyn Polito. “We are pleased to partner with Vineyard Wind and Mayflower Wind to support the offshore wind industry, our local colleges, the commercial fishing community, workforce development organizations, and organized labor as they seek to help Massachusetts
Exxon Names Country Head in Emerging Hot Spot Guyana
insists he has not interfered with the vote or the ongoing court review.Exxon expects to produce 750,000 barrels per day of crude in Guyana by 2026, but has said the political uncertainty has delayed government approvals for its third offshore project.Mark Bynoe, the Guyanese government's director of energy, has said Exxon must make improvements to its Payara plan. Routledge replaces Rod Henson, who was recently named Exxon's vice president for wells in Houston. (Reporting by Neil Marks in Georgetown and Luc Cohen in New York; Editing by Dan Grebler)Webinar: Floating Production Forecasts
Chariot Oil & Gas CEO Steps Down. Acting CEO Named
he has made to Chariot over the past 9 years and we wish him all the best with his future endeavors.""We remain fully committed to further progressing our Lixus asset, as we believe the license contains considerable upside potential and is attractive to a wide range of businesses across the energy value chain. The new team in place have considerable entrepreneurial experience and the required in house skill sets to pursue other opportunities available to us. We will keep our stakeholders appraised on developments as appropriate and we look forward to updating the market in due
McDermott Names Senior VP for EMEA Region
Engineering and construction company McDermott International Ltd. has appointed Tareq Kawash as Senior Vice President for its Europe, Middle East and Africa (EMEA) region.Kawash was formerly the Senior Vice President for the Europe, Africa, Russia and Caspian (EARC) region, which has been combined with the Middle East North Africa (MENA) region.David Dickson, President and Chief Executive Officer of McDermott, said, "Tareq has a wealth of experience and is a strategic, high-performing leader who understands the challenges and opportunities of our business and is committed to finding the best
Offshore Industry Welcomes UK Gov't Job Retention Bonus. Calls for Long-Term Support
;s announcement of support for employers, including the Job Retention Bonus and moves to support more traineeships and jobs for young people.The representative body for the sector OGUK said that the UK faces a once-in-a-lifetime opportunity to deliver moves to a lower carbon and more diverse energy mix, "reinforcing the importance of the sector deal currently being discussed with the UK Government."OGUK Chief Executive Deirdre Michie said: "The Chancellor’s announcement provides welcome support for companies in the UK’s offshore oil and gas industry affected by the
Petrobras: 10,000 People Accept Voluntary Buyouts
Some 10,000 employees of Brazil's Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on Wednesday, as the state-run oil company intensifies its quest to slim down and refocus on core businesses.In a webinar hosted by Brazilian newspaper Valor Economico, Castello Branco said the deadline for employees to sign up for the program was Tuesday. Some have already left, while most will leave the company later this year or in 2021."We have approximately 10,000 people signed up, which means 22% of Petrobras' employees are going to
Hunting Slashes 25% of Workforce
said.Sales at the company's biggest unit Hunting Titan slumped nearly 40% during the half-year, compared with the second half of 2019, hammered by reduced U.S. onshore activity levels.The British firm also announced a more than 50% cut in its $22 million budgeted annual capital expenditure.Global energy companies have cut their spending to save cash after oil prices collapsed on weak fuel demand due to the coronavirus crisis.Hunting, however, said it does not anticipate drawing down on its $160 million secured revolving credit facility at this time, as its cash position remains healthy. (Reporting
Shell Taps Danos for U.S. Gulf of Mexico Workforce
U.S. oilfield services provider Danos has won a contract with Shell to provide a production workforce across Shell production assets in the Gulf of Mexico.The assets to be covered by the agreement include Appomattox, Auger, Enchilada, Salsa, Mars, Ursa, Olympus, Perdido and Stones.While Danos informed of the Shell deal on Thursday, June 25, the three-year contract began on May 1.The deal will see 144 Danos personnel employed in a variety of positions including crane operations, control room and process operators, electricians, electronic technicians, instrument technicians, logistics, and onsite
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.
PGS Laying Off 40% Office Workers. Offshore Crews Might Be Cut, Too
and Sanco Swift. We plan to warm-stack one additional vessel during Q3."Tough times for seismic playersOffshore seismic contractors, especially the owners of survey vessels, are the ones who will suffer the most from low oil prices and COVID-19 when it comes to the oil and gas supply chain, Rystad Energy said in its recent analysis.The Norwegian energy intelligence recently said that offshore seismic revenues were estimated to fall in 2020 by 51% in a $30 Brent scenario and by 77% if the Brent falls to $20, compared to levels seen in 2019
KCA Deutag Appoints New President of Offshore Branch
Drilling and engineering company KCA Deutag has named Ole Maier its new President of Offshore Business Unit.Maier, who has most recently served as Executive Vice President for Odfjell Drilling's Platform Drilling Operations, has succeeded KCA Deutag's Rune Lorentzen who will be retiring."Ole joins KCA Deutag, bringing decades of industry experience and a strong track record as a strategic leader in the global offshore services sector. Ole succeeds Rune Lorentzen, who will be retiring after helping with the transition. We take this opportunity to also thank Rune for years of great contributi
Fred. Olsen Ocean CEO Moves to Ocean Installer to Lead Offshore Wind Business
in the ongoing global transition from oil and gas to renewable business”, says Odd Strømsnes, CEO in Ocean Installer. "Even’s capabilities and track record are of great relevance to our new initiative, where we together with our clients will play an important role in the energy transformation to a greener and more sustainable energy mix."Even Larsen has a Master’s Degree in “Marine Engineering and Naval Architecture” from NTNU, and has extensive executive and operational experience from the offshore wind construction and service business. He
BP Names Next BP America Chief
British oil major BP has announced that David C. Lawler, currently CEO of its U.S. shale business BPX Energy, will add to his portfolio the responsibilities of chairman and president of BP America Inc., succeeding Susan Dio on July 1, 2020.BP said Lawler would become BP's chief representative in the United States. "With 13,000 employees and $30 billion invested since 2016, BP has a larger economic footprint in the U.S. than anywhere else in the world. In 2019, these businesses accounted for a third of BP's global revenue. Lawler will take the helm as BP embarks on a new ambition to
Former Ensco Boss Named New CEO of Acteon
Offshore services group Acteon will appoint Carl Trowell as Group Chief Executive Officer, succeeding Richard Higham, effective June 1.Trowell, with 25 years of experience in a wide range of roles across the energy sector, joins Acteon from the offshore drilling contractor Valaris plc.He joined Ensco in 2014 as Chief Executive and subsequently became Executive Chairman in 2019 following its merger with Rowan Companies and rebranding as Valaris.Prior to Ensco, he worked for Schlumberger, world’s largest oilfield services company, holding a variety of leadership positions for 17 years including
Esvagt CEO: No Job Cuts and Furloughs
are cutting jobs across the board as one of the ways to preserve cash, there's one offshore vessel operator that, while indeed cutting salaries, is keeping the jobs in place.Esvagt, the Danish provider of emergency response and rescue vessels (ERRV) and service operation vessels (SOV) to the offshore energy industry, mostly in the North Sea, earlier this month said it would cut executive and staff pay, and delay investments.The pay cuts and investment delays are a response to the low oil prices and the COVID-19 pandemic, which have impacted, per ESVAGT, the ERRV spot market, a large part of the company'
Rosneft Re-appoints Sechin as CEO
Russian energy giant Rosneft on Friday re-appointed Chief Executive Igor Sechin, an ally of President Vladimir Putin, for another five years.Sechin, who turns 60 in September, turned the company into one of the world's top oil players and earned the accolade of oil tsar.He starts his new five-year term at a critical time as the coronavirus impact has hammered oil prices and a supply output pact is limiting Russia's ability to produce the fuel that is central to its economy.Sechin rose from being Putin's aide in 1990s to becoming one of Russia's most influential players after he started
New CEO for Noble Corp
Offshore drilling company Noble Corporation has executed the leadership transition plan announced in February 2020 and now has a new CEO. Robert W. Eifler has been named President and Chief Executive Officer and has been elected as a member of the Board of Directors. He first joined Noble in 2005 has most recently served as Senior Vice President, Commercial-Julie J. Robertson, who has been the CEO until now, has assumed the newly created role of executive Chairman of the Company's Board of Directors. Also, Kevin S. Corbett has been elected to the Board of Directors to replace a board
Neal D. Shah Assumes Kosmos Energy CFO Position
Oil and gas firm Kosmos Energy on Monday said that Neal D. Shah would become the company’s Senior Vice President and Chief Financial Officer effective May 11, 2020.The management change comes following Kosmos Energy's announcement back in February that Thomas P. Chambers would retire as the chief financial officer, a post he has held since November 2014.Neal D. Shah moves to the CFO position from his senior vice president and deputy chief financial officer post. Shah’s annual base salary remains unchanged at $460,000 and his target annual bonus opportunity remains unchanged at 75%
TechnipFMC Cutting Jobs in Norway
Franco-American oil services company TechnipFMC plans to cut up to 700 jobs across its sites in Norway due to the turbulent oil market situation, a spokesman for the company said on Tuesday.TechnipFMC, whose customers include major oil companies, said it employs 3,100 staff in Norway, and both permanent and temporary staff will be affected."TechnipFMC confirms that, due to the unprecedented market situation, 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
UK: Around 30,000 Offshore Oil & Gas Jobs at Risk
will be reduced by 10-20%, compared to expectations at the start of the year, to around £6-7billionOGUK has also warned that drilling activity this year could be down by 50% on 2019 levels – pushing activity levels to record lows, and the industry body has called for urgent action to protect energy security, jobs, and energy regions."The position of many areas of the supply chain is increasingly fragile. Revenues and margins across the supply chain are expected to fall by 20-30 percent, on top of reductions seen during the last downturn. The impact on businesses will vary depending on
UK Offshore Workers Call for Gov't to Invest in Oil Projects
that were on the books for 2020/21 were based on an oil price of $x while the oil price is now at $y; therefore the government could bridge the gap with an investment, rather than paying benefits... Keep workers working, keep the economy going and growing."Britain's Department for Business, Energy and Industrial Strategy and the sector regulator, the Oil and Gas Authority (OGA), had no immediate comment on the unions' proposal.(Reporting by Shadia Nasralla Editing by Mark Heinrich
Vår Energi Names VP Field Development
Norwegian oil and gas firm Vår Energi will appoint Bjørn Thore Ribesen (49) to a newly created position as VP Field Development & Projects.Ribesen joins Vår Energi as from the position of Senior Vice President, Drilling & Wells in another Norwegian oil firm Aker Energy."We are very pleased with getting Bjørn Thore on board. In addition to his technical expertise, he is a highly experienced and well-liked leader. We are a company with ambitions, committed to a long-term development of the Norwegian Continental Shelf, and Bjørn Thore’s in-depth knowledge
MHI Vestas Eyes Further Asia Pacific Growth. Appoints Regional Manager
Offshore wind turbine specialist MHI Vestas has appointed Masato Yamada as Regional Manager Asia Pacific to facilitate broader growth across the region.The company, a joint venture between Denmark's Vestas and Japan's Mitsubishi Heavy Industries, said Wednesday Yamada would oversee the company’s growth across the Asia Pacific region. He was formerly the company’s Chief Strategy Officer based in Aarhus, Denmark, and will now be based in MHI Vestas’ Tokyo office."Mr. Yamada has been with MHI Vestas since the formation of the joint venture between the two parent
OMV Might Cut Jobs Due to COVID-19, Low Oil Prices
Oil and gas group OMV plans to extend a 4 billion euro ($4.35 billion) cost-cutting program, its chief executive said, adding it may cut jobs due to the coronavirus crisis and a slump in energy prices.Major oil producers with operations around the world have cut their 2020 capital spending by about 25%, or nearly $55 billion, following the drop in crude prices."I expect... further cost savings programs this year," OMV chief executive Rainer Seele told German daily Handelsblatt in an interview published on Wednesday.OMV has already said it would cut spending by about 20% this year and has
Report: Petrofac to Let Go 20% of Workforce
deal with the challenges of the current environment."Brent crude lost about two-thirds of its value in the first quarter as demand plummeted due to measures to halt the spread of coronavirus and as Saudi Arabia and Russia battled for market share, pumping extra oil into an oversupplied market.Other energy industry companies have been announcing a range of measures to deal with the downturn, including major cost cuts.The chief executive said the voluntary redundancy program would be offered to employees for two weeks but said the company could consider compulsory layoffs after that period.The company
Repsol Sinopec Resources UK Names New CEO
UK North Sea-focused oil company Repsol Sinopec Resources UK Limited has appointed Jose Luis Muñoz as its Chief Executive Officer, effective April 1, 2020.Muñoz replaces Bill Dunnett, who had been in the CEO since 2015. Repsol Sinopec said Dunnett was stepping down "as planned following the end of his contract on March 31st."Muñoz joined Repsol in 2005 and has most recently been Managing Director of Repsol’s UK business unit, based in Aberdeen. During that time he has also served (2017-20) as a member of the joint venture’s ExCom, supporting the business’
Widespread Salary and Job Cuts at Schlumberger
said. The company had previously announced plans to reorganize its land-based operations in North America, including idling some 50% of its hydraulic fracturing equipment.Schlumberger last week said it would reduce its 2020 capital spending budget by 30% due to the price crash, joining a host of major energy companies that have slashed spending amid the twin supply and demand shock.Shares of Schlumberger were up 3.3% to $13.7 in morning trade, off 65.97% year-to-date. (Reporting by Liz Hampton, Editing by Franklin Paul and Dan Grebler
Polarcus to Cut Jobs, Salaries
Marine seismic company Polarcus is set to reduce workforce and employees' salaries, and stack survey vessels, as a response to the uncertainty marine seismic industry is facing in the wake of the coronavirus pandemic, and the current low oil prices.Polarcus on Tuesday evening announced cost-cutting measures, which the company expects to save it $15 million in 2020.These include reducing personnel costs onshore and offshore by approximately USD 6.5 million through a combination of redundancies and a reduction in base salary for Polarcus employees for six months effective 1 April 2020. "This
