People on the Move

Reliance Group appoints CEO of oil and gas business

The Reliance Group has named Ashok Kumar Balyan as CEO of the oil and gas business. 

BG Egypt names Kacem as president

BG Egypt has appointed Khaled Kacem as president. 

Petrosys names new CEO

Petrosys has appointed Ian Little at CEO.

Business Briefs

MSIS names Forrest as chairman

MSIS has appointed John Forrest as non-executive chairman. 

Christiansen rejoins Prosafe as CFO

Prosafe Management AS has named Stig H. Christiansen as CFO. 

Nido names Fischer as managing director

Nido Petroleum Ltd. (ASX:NDO) has named Dr. Michael Fischer as managing director. 

Bounds joins VAALCO as COO

Cary Bounds has joined VAALCO as COO. 

Seatronics promotes Donaldson to VP global operations

Seatronics Ltd. has promoted Derek Donaldson from vice president Asia Pacific to vice president global operations.

MSIS appoints four new managers

MSIS has increased its business development team in Aberdeenshire with key managerial appointments. 

Lundin Petroleum appoints president and CEO

Lundin Petroleum has appointed Alex Schneiter as president and CEO, effective Oct. 1, 2015.

FairfieldNodal appoints president and CEO

FairfieldNodal has appointed Charles W. Davison Jr. as president and CEO.

Company News

Shell cuts near-term spending, looks to BG merger for longer-term improvements

Shell is looking toward the BG Group merger for future progress while cutting spending in the near term in response to oil price declines.

Otakikpo project offshore Nigeria scheduled for 3Q start-up

Lekoil has issued an update regarding operational activity at the Otakikpo marginal field.

Halliburton, BHI increase workforce size reduction estimates

While the merger of the two still is pending, both Halliburton and Baker Hughes are laying off more employees than predicted in response to the industry slowdown from lower oil prices.

Oceaneering exits BOP business

In its 2Q 2015 earnings report, Oceaneering International Inc. announced that it had ceased manufacturing subsea BOP control systems. 

SMD delivers ROVs to COOEC

COOEC Subsea Technology has taken delivery of three SMD Quantum Work Class ROVs.


Assessing Mexico’s new offshore oil & gas exploration opportunities

When Mexico’s historic energy reform legislation became law on Dec. 21, 2013, it opened the country to foreign investment in its oil and gas sector for the first time in 75 years. A linchpin of Pre...
( 09/30/2015 / 10:00 AM Eastern Daylight Time / 09:00 AM Central Daylight Time / 07:00 AM Pacific Daylight Time / 14:00 GMT )

Anadarko’s decommissioning of the first-ever cell spar in the Gulf of Mexico

The Red Hawk spar made history throughout its design life, commissioned and decommissioned as the first of its kind. Heralded as the first cell spar ever built, it remains the lone cell spar ever f...
( 08/26/2015 / 10:00 AM Eastern Daylight Time / 09:00 AM Central Daylight Time / 07:00 AM Pacific Daylight Time / 14:00 GMT )
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