Norwegian engineering company Aker Solutions has said that Ole Martin Grimsrud will resign as its chief financial officer (CFO). Grimsrud will leave the company 1 September 2020 to pursue other opportunities, Aker Solutions said Tuesday. Aker Solutions appointed Grimsrud as chief financial officer i
British oil major BP has named a new chief executive officer (CEO) of its BP Southern Africa (bpSA) entity.
Seadrill booked a huge loss in the first quarter of the year due to impairment charges amid a significant reduction in global oil demand.
Canada’s Pieridae Energy, the developer of the Goldboro LNG export project, said Monday that its shares have been approved for listing on the Toronto Stock Exchange. The company’s shares are expected to start trading on the TSX at the opening of the market on June 3. Concurrent with the TSX listing,
Underwater Cutting Solutions (UCS), an Ashtead Technology company, has named Richard Lind its new operations manager. Lind will lead operations from the company’s Inverurie, Aberdeenshire base, assisting UCS General Manager Fraser Collis. Previously of Claxton Engineering, Lind brings BD and commerc
MMA Offshore has been awarded a support contract with Upstream Production Solutions for the MPSV Mermaid Searcher.
Oil and gas exploration firm Neptune Energy has appointed Mehdi Bouguetaia to take on the role of Algeria managing director. Bouguetaia joins Neptune from Shell where he was technical support and subsea operations general manager with Rashpetco JV in Egypt. An Algerian national, he started his caree
Eco Wave Power has reported a wider net loss for the first quarter of 2020 with no revenues and increased costs. The wave energy technology firm booked a loss of SEK 4.4 million (USD 466,000/EUR 419,000), increasing from SEK 1.7 million a year earlier. Operating costs almost doubled to SEK 1 million
Dutch marine contractor Van Oord has signed its first green loan that will be used to fund its new liquefied natural gas-powered dredgers. The company said in a statement it signed the loan with Dutch Rabobank and France’s BNP Paribas last month. Van Oord structured the loan according to green loan
Oil and gas company Beach Energy has appointed a new chief operating officer (COO) of the company.
Klaveness Combination Carriers’ (KCC) CLEANBU vessel MV Barracuda completed last week the first voyage carrying a part cargo of jet fuel to Korea after discharging its previous cargo of soya beans in China in early May.
Rex International’s 90 per cent subsidiary, Lime Petroleum, has completed the acquisition of a 15 per cent stake in two Ineos’ Norwegian Sea licenses.
A fire on board Suncor Energy’s Terra Nova FPSO, located offshore Canada, was reported to the Canadian offshore regulator on Saturday.
Petrofac has secured a well management contract for Phase 1 of Independent Oil and Gas’ (IOG) Core Project located off the UK.
