Norwegian energy firm Statoil may lose an additional 500 workers on top of 1,400 positions which have already been eliminated. The cuts are believed to affect offshore workers and will be made in a bid to cut costs and improve efficiency.
Engineering service group AMEC has announced two new appointments to its board as non-executive directors once the acquisition of Foster Wheeler has been finalised. Kent Masters, who will join the board alongside Stephanie Newby, is currently President and chief executive officer of Foster Wheeler while Stephanie has been on the board since 2004.
Norwegian Energy Company (Noreco) has appointed a new chairman after plunging production sparked a string of resignations. Earlier this week’ Noreco’s shares slumped by 67% after the firm warned it would struggle to meet financial commitments by the end of the year.
The largest independent firm of chartered accountants in Scotland has strengthened its oil and gas focus with the appointment of a new tax director. VAT specialist Fiona Weir has joined the tax team at Johnston Carmichael where her key remit will be working with clients in the oil and gas and financial services sectors.
Aquamarine Power has appointed John Malcolm as its chief executive officer. Mr Malcolm replaces Martin McAdam, who is stepping down from the post after six and a half years. He said: "Every business must go through a process of renewal and I feel now is a suitable point to hand the baton into John's very experienced and capable hands."
Ramboll Oil and Gas has appointed its first Aberdeen managing director.
Aberdeen energy service company Equalizer International has promoted engineering director John Morgan to the post of managing director.
Cortez Subsea has appointed Tony Mckay as its operations director. Tony has thirty-five years' experience working in the oil and gas sector and including steering Topaz Oil and Gas away from company losses and toward growth. As former projects manager of Kellog Brown and Root, he managed two major decommissioning projects in the North Sea and played a major role in setting up the Petrofac Brownfield Engineering division.
Nighthawk has named Rick McCullough as its executive chairman, effective from 1 October.
Subsea 7 has reappointed two of its former directors back onto the board.
JDR’s chief executive has left the company after three years’ of service.
The finalists for the Oil and Gas UK Awards have been announced.
The arrest of a Russian billionaire has sent shares in his holding company into a tailspin.
Eland Oil & Gas has appointed a new non-executive director after Andrew Barlett confirmed his resignation.
KCA Deutag has confirmed the latest addition to its executive management team.
Brazil’s criminal case against former billionaire Eike Batista will be a complex one that may take a year to come to trial and as long as 10 years to be fully resolved, lawyers said. Brazilian federal prosecutors accused Batista of financial- market crimes and are seeking to freeze his assets valued at as much as 1.5 billion reais ($641 million). They allege that to deceive investors and shore up their confidence he signed a $1 billion put-option contract that included conditions designed never to materialize, doing so with privileged knowledge that three exploration prospects were unviable. “If prosecutors can link these facts in the judicial procedure, then Eike may have problems,” said Leonardo Theon de Moraes, head of the corporate and bankruptcy areas at Sao Paulo- based law firm Theon de Moraes e Britto Sociedade de Advogados. “It’s like the cherry on the cake. All his assets are failing, are ruining, and now there are prosecutors’ accusations of crimes against him.”
Sound Oil confirmed its latest board appointment.
World leaders gathered in Samoa for the Small Island Developing States Summit were greeted with an unexpected photo message.
A new initiative aimed at tackling the gender gap in the oil and gas industry will be launched later this month.
A quality solutions provider has teamed up with an Aberdeen-based extreme sports centre to provide training for the oil and gas industry.
Spencer Ogden, the international energy recruitment firm, has received the official Queen’s scroll for the Queen’s Award for Enterprise in International Trade.
The founder of Trinidad-focused explorer Leni Gas & Oil (LGO) has stepped down from the company's board of directors.
Engineering giant Wood Group has appointed Amec's HSSE director to lead its own health and safety department.
Martin Landrø, the man behind developing 4D seismic, was given the Norwegian Petroleum Directorate's (NPD) IOR award for his contribution to the industry.
The newly formed Oil and Gas Innovation Centre (OGIC) has appointed a Society of Petroleum Engineers' (SPE) director as its chief executive.