Wood Group Names President Of Strategy, Development

Wood Group has appointed Dean Harwood as president of strategy and development for the Western region, a new position, according to a news release. He will handle strategy, M&A, business development, marketing and proposals.

Prior to joining Wood Group, Harwood was executive vice president of operations for Parsons Corp. and president of Parsons Enterprises, an engineering, construction and management services firm. He has 30 years’ experience in finance, strategy, operations and executive leadership in the engineering, construction, technology, telecommunications and infrastructure sectors, the press release said.

Harwood earned a bachelor’s degree from the University of North Carolina and a master’s of business administration degree from Emory University. He is a certified public accountant, the press release said.

OSRL, Trendsetter, Halliburton Sign Subsea Well Capping Memorandum

Oil Spill Response Ltd. (OSRL), Trendsetter Engineering and Halliburton signed a memorandum of understanding for integrated subsea well capping response solutions, a news release said.

Under the terms of the agreement, OSRL will remain responsible for providing members access to an industry-owned global capping and containment capability, and ensure that subsea well intervention service-related (SWIS) equipment is maintained and response-ready. It will also mobilize the equipment and provide members with preparedness services, the press release said.

Trendsetter, a subsea solutions provider, and Halliburton’s Boots and Coots well control division will provide access to trained personnel and subject matter experts to support SWIS members, and will support source control, well control, relief well planning, and engineering and other preparedness activities through OSRL.

The new agreement enhances the policies and procedures established through the Global Industry Response Group and adopted by the Subsea Well Response Project consortium by establishing an integrated, best-practice approach to managing global subsea well control incidents.

Oil Spill Response Ltd. is the largest international industry-funded cooperative and has offices around the world.

CGG GeoConsulting Will Supply Digital Well Products To UK's OGA

CGG GeoConsulting received a contract to supply digital well products to the U.K. government’s industry regulator, the Oil & Gas Authority (OGA). The contract is part of a wider tender for comprehensive subsurface databases and information sources supporting exploration in underexplored U.K. Continental Shelf (UKCS) areas, according to a May 31 press release.

The datasets will support the OGA’s work across the E&P life cycle including promoting future licensing rounds and undeveloped discoveries, regional exploration projects, area strategies and asset stewardship.

The digital well products supplied by CGG GeoConsulting will be used internally by the OGA and released into the public domain via the OGA’s website during 2017 to be used freely by E&P companies looking for potential new prospects in the UKCS.

EU Clears GE, Baker Hughes Megamerger Without Conditions

The European Commission (EU) cleared General Electric Co.’s purchase of oilfield services firm Baker Hughes Inc. without conditions on May 31, the EU competition authority said in a statement.

In October GE and Baker Hughes said they will merge into a new oilfield technology company with a value of $32 billion.

The merger is set to create a “new Baker Hughes,” with GE owning a 62.5% majority interest in the company. Baker Hughes would hold the remaining 37.5% of the company.

The EU concluded that the merger of the two U.S. companies would not harm competition in European markets for various products where both were active, including electrical submersible pumps, refining chemicals and drilling sensors.

Baker Hughes said the companies will continue to work constructively with regulators and expect to close the transaction in mid-2017.

Leadership Team Revealed For New Baker Hughes

Baker Hughes Inc. announced on June 5 the executive team that will lead the company following the expected closing of its merger with General Electric Co.'s oil and gas business later this year.

GE Oil & Gas boss Lorenzo Simonelli will head the new Baker Hughes as president and CEO. Martin Craighead, currently chairman and CEO at Baker Hughes, will serve as vice chairman of the board of directors and GE CEO Jeff Immelt will serve as chairman of the board.

The combined executive team will include:

  • Lorenzo Simonelli, president and CEO;
  • Maria Claudia Borras, president and CEO of oilfield services;
  • Belgacem Chariag, chief global operations officer;
  • Rod Christie, president and CEO of turbomachinery and process solutions;
  • Harry Elsinga, chief human resources officer;
  • Jennifer Hartsock, CIO;
  • Matthias Heilmann, president and CEO of digital solutions;
  • Jack Hinton, chief HSE officer;
  • Nicola Jannis, chief business development officer;
  • Derek Mathieson, chief marketing and technology officer;
  • Jody Markopoulos, chief engineering and supply chain officer;
  • Will Marsh, chief legal officer;
  • Neil Saunders, president and CEO of oilfield equipment;
  • Uwem Ukpong, chief integration officer; and
  • Brian Worrell, CFO.

Wood Group Signs Global Agreement With Hess

Hess Corp. and Wood Group are building on their more than 25-year relationship by signing a nonexclusive 10-year global agreement.

Under the agreement, Wood Group will provide engineering, project management, construction, commissioning, operations and maintenance, integrity management, subsea, and decommissioning services, a news release said.

“This agreement further solidifies the strong relationship we have with Hess,” Wood Group CEO Robin Watson said in the release. “The ability to consolidate the full breadth of our services under one agreement offers an exceptional level of continuity to Hess and all our clients.”

—Staff & Reuters Reports

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