People & Company News


Lundin Energy Appoints New CEO

Aug 18, 2020

Lundin Energy, a Swedish energy company with offshore oil and gas operations in Norway, on Tuesday said it had appointed Nick Walker as President and Chief Executive Officer (CEO).The appointment of Walker, which will become effective on January 1…

Oilfield Services Employment Diving to 10-Year Low

Aug 12, 2020

Oilfield services sector is set to reach the lowest total workforce 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…

Opedal Tapped for Top Spot at Equinor

Aug 10, 2020

The Equinor Board of Directors appointed Anders Opedal as its new president and CEO starting November 2, 2020. Eldar Sætre will retire after six years as CEO and more than 40 years in the company.Opedal ascends to the top spot coming from the position as Executive Vice President Technology…

Rosneft to Cut Salaries at Central Office

Jul 31, 2020

Rosneft, Russia's largest oil producer, will cut salaries at its central office by a quarter following a decision to reduce the working hours due to the fallout from the coronavirus, Kommersant daily reported on Friday.The newspaper, citing unnamed sources…

Ex-Unaoil manager Sentenced to Three Years in Prison over Iraq Bribery

Jul 31, 2020

A former manager of consultancy Unaoil was sentenced to three years in jail by a London court on Thursday – the second Unaoil executive to be jailed for bribing an Iraqi official to secure a $55 million oil deal after the fall of Saddam Hussein in 2003…

Karoon Energy CEO Steps Down after 16 Years at Helm

Jul 29, 2020

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…

LR Names Marine & Offshore President for SAMEA

Jul 28, 2020

LR has appointed Mike Holliday as Marine & Offshore president for South Asia, the Middle East, and Africa (SAMEA).In his new role, Holliday will lead LR’s Marine and Offshore operations across SAMEA, primarily based in Singapore, and be responsible…

McDermott Names Senior VP for EMEA Region

Jul 15, 2020

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…

Australia's Oil Search Slashes Workforce by 34%

Jul 01, 2020

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…

AqualisBraemar Names South East Asia Head

Jul 01, 2020

Marine and offshore consultancy AqualisBraemar has appointed John Harris as its new regional managing director of the South East Asia region.Harris will oversee the company’s operations in South East Asia (SEA), including its offices in Indonesia…

China's Sinopec Starts Hiring for New Risk Management Unit

Jun 29, 2020

China Petrochemical Corp, or Sinopec Group, has started hiring for six top management positions for a new commodities risk management unit, according to a statement posted on the state energy company's official wechat account on Sunday.Formally…

OWC Sets Up Office in S. Korea

Jun 26, 2020

OWC, formerly known as Offshore Wind Consultants, has set up an office in South Korea, a country with ambitious offshore wind plans. 'We continue our expansion into key emerging markets such as South Korea. We believe a local presence is central…

Coleman Expects to Stay Woodside CEO for a Few More Years

Jun 23, 2020

Woodside Petroleum Chief Executive Peter Coleman expects to remain in the top job for around two or three more years, with the company grappling with a review of its project timeline and possible acquisitions, he said on Tuesday.While the company weighs acquisitions…

Neptune Energy Plans to Let 400 Office Workers Go

Jun 19, 2020

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…

Coro Energy Settles with Ex-CEO over Contract Termination

Jun 18, 2020

Southeast Asia-focused oil company has settled with its former CEO after he threatened to sue following the termination of his service agreement in April.Coro Energy said Thursday that, 'having received appropriate legal advice on legal action threatened against the company…

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