Remi Eriksen will succeed Henrik O. Madsen, who will retire Aug. 1, after more than 30 years of service with the company.
With the election of Doug Oberhelman, the ExxonMobil board stands at 12 directors, 11 of whom are non-employee directors.
Sven Børre Larsen was appointed as CFO of TGS. He will replace Kristian Johansen in the role. Most recently, Larsen was CFO of Prosafe Management AS, a support vessel owner/operator.
Some workers in Paloch oil fields, Upper Nile state, were evacuated under precaution on Wednesday, an oil ministry official told Bloomberg. Upper Nile is currently South Sudan’s only oil producer.
BP will pay Transocean $125 million in legal fee compensation. Halliburton, which provided Macondo cementing services, reached a claim settlement with BP, Bloomberg said. Transocean owned the Deepwater Horizon rig.
Before the fighting, Chinese, Malaysian and Indian E&Ps pumped most of the country’s oil. South Sudan’s low-sulfur crude is prized by Japanese buyers for power generation, Bloomberg said.
South Sudanese rebels said they seized producing oil fields in a clash with government forces, Bloomberg said. South Sudan has sub-Saharan Africa’s third-biggest oil reserves, according to BP Plc data.
Yang Hua was appointed as chairman of board and chairman of nomination committee at China’s CNOOC Ltd. Yang joined CNOOC in 1982 and has over 30 years’ experience in E&P.
Paul Rowsey was appointed nonexecutive chairman of the board at offshore service provider Ensco Plc following Dan Rabun’s retirement.
Rowsey has been a member of the board since 2000.
London-based offshore engineering, construction and service contractor Subsea 7 SA will reduce its global workforce to about 2,500 employees by early 2016, and its global fleet to 11 vessels.
Phil Middleton became group managing director of subsea marine electronic equipment rental company Seatronics Ltd. He previously was deputy managing director, and has 21 years’ oil and gas industry experience.
As companies ramp up to fill positions, the future may see too many skilled laborers, Ian Macfarlane, Australia’s minister for industry and science, tells Houston conference.