Business Briefs

Feb. 13, 2024
The latest company news and personnel moves from the offshore industry.

Editor's note: This Business Briefs section first appeared in the January-February 2024 issue of Offshore magazine. Click here to view the full issue.


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Ithaca Energy's CEO Alan Bruce will step down from his role to pursue new opportunities. Until a new CEO is appointed, Iain Lewis will fulfil a dual role of interim CEO as well as continuing as CFO.  

Remote operations company Remota has named Sveinung Soma its new CEO.

Shoreline Wind, developer of intelligent SaaS solutions for powering wind energy, has appointed Andrew Pearson its new CEO.

APA Corp. has promoted Stephen J. Riney to president and CFO. 

Oceaneering International Inc. has appointed Hilary Frisbie to succeed Mark Peterson as senior director, investor relations.

Holiday Island Holdings Inc. has added Glenn Klinker to the executive staff as COO, responsible for the oil and gas operations. 

IFS, a cloud enterprise software company, has promoted Mark Moffat to CEO. Moffat takes over from Darren Roos who has been appointed as the company’s chair of the board. 

Teresa Thomas has been appointed vice chair, Deloitte LLP, and national sector leader for energy and chemicals. Thomas also serves as an advisory partner and leader in Deloitte & Touche LLP’s Risk & Financial Advisory energy and chemicals practice. Thomas succeeds Amy Chronis, partner, Deloitte LLP, who will continue to serve within the energy and chemicals practice until her retirement in June 2024.

Westwood Global Energy Group's Terry Childs is retiring. He has more than 40 years of experience analyzing the offshore rig market. 

The Acorn co-venturers have appointed Nic Braley to lead the Acorn Transport and Storage joint venture, which consists of Storegga, Shell UK, Harbour Energy and North Sea Midstream Partners. 

Valeura Energy Inc. has appointed Anna Green an independent director.  

Simen Flaaten has notified Prosafe that he wants to resign as director as soon as practicable possible due to other commitments. Flaaten has been a member of the board of directors since June 2023. He will remain on the board until a director to replace him has been elected. 

Brett Woods has been named Beach Energy's managing director and CEO, effective Jan. 29. 

C-Innovation has promoted Rebecca Dufour to commercial manager. 

NDT Global has appointed Ranbir Saini senior vice president of products.

The G+ Global Offshore Wind Health and Safety Organisation has named David Griffiths its new chair.

Consumer Energy Alliance has welcomed two energy experts to its board of directors: Michelle Michot Foss, Ph.D., a fellow in energy, minerals and materials at Rice University’s Baker Institute; and Chett Chiasson, executive director of the Greater Lafourche Port Commission. 

Deepwater marine pipeline design expert John G. Bomba, P.E. passed away in August 2023. He was 91 years old. Over the years, Bomba worked for R. J. Brown and Associates and various acquiring firms in the industry including Kvaerner, Aker, Coeflexip, Stena, Genesis Oil, and Technip. He received the OTC Distinguished Achievement Award for Individuals in May 2017.

Company News

Harbour Energy reached an agreement in late December with BASF and LetterOne, the shareholders of Wintershall Dea AG, for the acquisition of substantially all of Wintershall Dea’s upstream assets for $11.2 billion. Completion of the acquisition is expected to occur in fourth-quarter 2024.

Cadeler and Eneti combined operations Dec. 23 to form an enlarged offshore wind installation contractor. The combined group, to be named Cadeler, is based in Copenhagen.

DeepOcean has acquired digitalization specialist Btwn AS based in Sandnes, Norway. 

Velocity Partners, a private equity firm focused on the energy and industrials sector, has acquired Moreld ApplyMoreld Ross Offshore and Moreld Global Maritime (collectively the Moreld consortium). 

HydroWing has opened a new office in Wales to support the development of its tidal stream energy project at Morlais on Anglesey.

Technology company Xergy has opened new offices in Perth, Australia, and Dundee in Scotland.

Liberty Green Logistics LLC, an offshore wind supply chain company, has acquired digital platform Renewable Strategy Ltd

Logistics company Gebrüder Weiss is expanding its network in Australia with the opening of a new Air & Sea office in Brisbane. 

Holiday Island Holdings Inc. is changing its name to EP3 (Enhanced Petroleum Extraction Enterprises Inc.), commensurate with its new pursuits in the oil and gas industry.

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