Fossil Energy
Royal IHC, Dräger forge Diving Support Vessels partnership at OTC 2015
Dutch Royal IHC and German Dräger have joined forces to offer the market a single source for fully integrated Diving Support Vessels. As revealed at the Offshore Technology Conference in Houston today, the initial focus will lie on the market segment of vessels with automated, 18-person, twin bell s
Wintershall submits development plan for Maria field
German oil company Wintershall has today submitted a plan for development and operation of the Maria field in the Norwegian Sea. According to the plan, the field will be developed using two subsea installations tied back to the existing infrastructure nearby. According to information on the Norwegia
Rosneft: Sechin remains CEO for five more years
The Board of Directors of Russia’s largest oil company, Rosneft, has extended the contract of its Chief Executive Officer (CEO) Igor Sechin. The Board approved the contract with Igor Sechin for the term of five years. The appointment is effective from May 24, 2015. According to Rosneft, the terms of
Van Oord develops new deepwater dredging technique
Van Oord, a Rotterdam-based private company, has developed Deep Excavation System (DES) which is a new method for preparing sea bottom profile for installing offshore pipelines. The system has been patented by Van Oord. Explaining the benefits of the new system, the company says the new system is an
Pacific Drilling CEO: Hi-Spec rig fleet a competitive advantage
Offshore drilling contractor Pacific Drilling S.A. has reported net income for the first quarter 2015 of $51.7 million, compared to a net income of $22.2 million for the first quarter of 2014. CEO Chris Beckett said, “The company had an exceptional fourth quarter in 2014, and our first-quarter opera
Huisman names new CEO. Roodenburg switches to CTO role
Huisman, a company that designs and manufactures heavy construction equipment for on and offshore companies, has appointed André Meijer as Chief Executive Officer (CEO), effective August 1, 2015. This appointment follows the decision of Joop Roodenburg to step down as the company’s CEO this year to
Chariot CFO steps down. Board remuneration reduced by 50%
Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, has informed that its Chief Financial Officer (CFO) Mark Reid will step down and that remuneration of all Board members will be reduced by 50%. According to the company, Mark Reid, CFO, has chosen to step down f
SBM Offshore wins OTC 2015 award for ARCA Chain Connector
SBM Offshore has been awarded a “Spotlight on New Technology” award at the 2015 Offshore Technology Conference (OTC) in Houston, for their ARCA chain connector, the company announced. SBM Offshore is a Dutch-based group of companies with focus on floating production and mooring systems for the oil a
OTC: Spotlight on New Technology Awards for Cameron and OneSubsea
Cameron and OneSubsea have each won Spotlight on New Technology Awards at the Offshore Technology Conference (OTC) in Houston. Cameron got the award for its Mark IV High Availability (HA) Control System for Blowout Preventers (BOPs) and OneSubsea won the award for its Multiphase Compressor. Cameron
DW: Almost 100.000 oil workers out of work due to oil price plunge
The oil & gas industry currently suffers a shortage of mid-career professionals primed for leadership & supervisory roles, the legacy of the last oil price downturn in the 1980s to mid-90s, Douglas Westwood, an energy industry intellignce group, writes in its DW Monday report. At that time the ind
Archer to let more workers go
Archer, an international oilfield services provider, will lay off more workers due to drop in activity in the U.S. and Latin America. The company in the first quarter of the year reduced its headcount by approximately 1,200 positions or 13.6% of its total workforce. It also made adjustments to compe
O&G equipment and services deals rise in March
Global oil and gas equipment and services deal activity, including capital markets and Mergers and Acquisitions (M&A), increased in overall value from $563.4 million across 29 deals in February 2015 to $3.2 billion from 38 transactions in March, a rise of over $2.6 billion, according to research and
Bergen Group cancels rig-service yard sale (Norway)
Bergen Group has terminated the agreement on the sale of the properties and the rig service activity at Hanøytangen. To remind, the company decided in April to divest its rig-service activity at Hanøytangen for a total transaction price of NOK 245 million ($32.2 million). According to Bergen Group,
Deirdre Michie takes up position of CEO at Oil & Gas UK
Oil & Gas UK has informed that on Friday, May 1, 2015, Deirdre Michie has taken up the position of chief executive at Oil & Gas UK, replacing Malcolm Webb who, following a brief handover period, formally retires on May 31, 2015. Appointed by the Board of Oil & Gas UK in February this year, Deirdre w