FutureOn, a software company specializing in the provision of digital oilfield solutions, has made two key senior appointments as part of the company’s strategic growth plans.Katherine Taylor-Jones brings significant experience and knowledge…
European utilities are offering a slew of offshore wind farms, eager to cash in on high valuations as investors hungry for stable returns increasingly flock to the sector, people close to the matter said.Demand for such assets has surged as…
The UK offshore wind industry could create more than 69,800 jobs by 2026, a significant increase compared to today's 26,000, according to research published by the Offshore Wind Industry Council (OWIC).According to OWIC, most of the jobs will…
Two people died and ten were rescued after the Russian cargo ship Volgo Balt 179 sank in the Black Sea off Romania early morning on Thursday, according to reports from Romania.Romanian offshore services company GSP Offshore said that its GSP…
UK-based energy services company Three60 Energy has appointed Garrie Scott as Projects Director in its Engineering, Procurement, Construction and Commissioning (EPC&C) service line, and has outlined plans to recruit 50 people over the next 12 months…
The chief compliance officer at Brazil's Petrobras is planning to step down in March, four people familiar with the matter told Reuters, in what would be the third exit by the state-owned oil firm's top corruption buster in three years.Petroleo Brasileiro SA…
Venezuelan state oil company Petroleos de Venezuela has begun transferring crude off of an offshore oil facility where governments in two neighboring countries have voiced concerns about a potential spill, two people familiar with the matter said on Tuesday…
Oilfield services company Baker Hughes has launched a vessel-deployed subsea wellhead cutting system called the Terminator.In what Baker Hughes says is 'a first-of-its-kind mechanical wellhead removal method', the Terminator system has already…
Approximately 11,000 employees of Brazilian state-run oil company Petrobras have accepted buyout packages and will leave the firm this year or next, Chief Executive Roberto Castello Branco said during an online event on Thursday.That number…
Norway-based recruitment company Nova People has said it has secured a major contract as part of the Baltic Pipe Project operated by Gaz-System S.A.Baltic Pipe is a pipeline project designed to bring gas from the Norwegian offshore fields to Denmark and Poland…
RWE aims to sell a minority stake in British offshore wind farm Humber Gateway, as the German utility seeks to release cash for expansion in renewable energy, two people familiar with the matter said.Morgan Stanley plans to launch the deal, which could value the asset at more than 1…
Petrobras is preparing to launch a tender to build Brazil's largest-ever oil platform, according to two people with knowledge of the matter, as the state-controlled oil firm pushes ahead with ambitious plans to boost deepwater production.Petroleo Brasileiro SA…
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…
Dutch offshore and dredging contractor Van Oord said Tuesday it would lay off 500 people, citing effects of COVID-19 on its business.Van Oord said: 'As a company operating on a global scale, COVID-19 is having a major impact on our business…
British oil major BP will lay off 10,000 people by the end of the year in a move to cut costs, the company's CEO Bernard Looney said in a social media post on Monday.Looney said: 'The oil price has plunged well below the level we need to turn a profit…
