chief executive

People

Eos Petro appoints new head

Eos Petro has strengthened its team with the appointment of a new chief executive. The company has appointed Alan Gaines to the role with more than 30 years’ experience in energy investment.

Oil & Gas

ConocoPhillips boss predicts higher oil price in 2016

The chief executive of ConocoPhillips said he expects oil prices to recover next year as investment in new oil output facilities falter. Ryan Lance made the comments as he spoke to journalists in Doha at the International Petroleum Technology Conference (IPTC) in Doha.

People

Warren Resources names new chief executive

Warren Resources has strengthened its team with the appointment of a new chief executive. The company said James Watt will take up the position while Lance Peterson, who had acted in the role in the interim period, will return to his role as a director.

People

AWE Limited chief exec to step down next year

AWE Limited’s chief executive will step down next year after more than five years in the top job with the company. The firm said a new search has already begun to find Bruce Clement’s successor to the role. Chairman of the firm Bruce Phillips paid tribute to Clement for his leadership in “reshaping” the company into a more “diversified oil and gas producer”.

Oil & Gas

ASCO boss says low oil price could be “very good” for the future of the North Sea

The chief executive of Asco said a period of $50 oil could be a “very good” thing for the North Sea as companies will be forced to work more collaboratively and reduce cost. Alan Brown, who took the top job at the international oilfield support services firm last year, said the lifespan of the North Sea would be “much shorter” unless there was greater efficiency amongst operators and the supply chain. He said the industry must be prepared for the year-long dip in price per barrel to be the “new normal”.

People

Oceaneering International makes changes to its leadership team

Oceaneering International said there will be changes to its leadership team. The company said Marvin Migura will no longer remain as executive vice president of the company but will still maintain his role as senior vice president. Migura joined Oceaneering in 1995 as chief financial officer and was appointed to executive vice president four years ago.

People

ProSep makes change to team at the top amid oil price decline

ProSep has made a number of changes to its senior team as it looks to strengthen its position amid the oil price decline. The company said Patrick McCarthy, who joined the board of directors one year ago, will become the chief executive. Former boss Neil Poxon will remain with ProSep to oversee the transition until the end of this year.

Market info

Banks have our back, says Tullow Oil

Shares in Tullow Oil closed 9.6% higher last night after the London-listed firm said that its credit facilities remain unchanged following an asset assessment. The company said that it demonstrates the continued support of its lending banks during this period of low oil prices.

Opinion

Bob Keiller: Right Now – Continue to Exceed Your Customers’ Expectations

Bob Keiller sends a message on Core Values to Wood Group employees every week. The note below is taken from a message he sent to employees a few weeks ago. Remember the '80s US rock band Van Halen? Ever heard of a clause buried deep in their lengthy touring contract? It stated something like “there should be no brown M&Ms backstage…if found, the band has the right to cancel the concert at full pay without warning.”

Other News

Jacobs Engineering strengthens team with new chief exec

Jacobs Engineering Group has strengthened its senior team after picking a new chief executive. The company has named Steven Demetriou as head of the company, and he will also be elected to the board. He brings more than 30 years’ experience in global business leadership and most recently served as chief executive of Aleris Corporation.

Oil & Gas

Oil & Gas UK: New chief executive takes over

The new chief executive of Oil & Gas UK has taken up her position with the industry body. Deirdre Michie was appointed by the board of Oil & Gas UK in February and has today formally taken over from Malcolm Webb. Following a brief handover, Malcolm will formally retire on May 31st.