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Latest news - Appointments

Key appointment for DNV GL’s new Future of Gas team in the UK

Key appointment for DNV GL’s new Future of Gas team in the UK   London, UK – 6 June 2019: DNV GL has appointed Corin Taylor as a Principal Consultant in its new Future of Gas team in the United Kingdom. Each year DNV GL produces a report which is an industry benchmark study on the outlook for the year ahead in the oil and gas industry. The 2019 report, ‘A test of resilience’, revealed that nearly two fifths (39%) of senior industry professionals in the UK sa...

Angel Luviano joins READ Cased Hole

Angel Luviano joins READ Cased Hole   READ is delighted to announce the appointment of Angel Luviano to its senior management team as Vice President Sales & Business Development (Western Hemisphere). Based in Houston, Angel will be responsible for identifying and leading strategic business development opportunities in North and South America, across READ’s portfolio of production logging, well integrity and reservoir evaluation technologies and services. Angel brings a...

Xodus appoints new advanced analysis lead

Xodus appoints new advanced analysis lead   International energy consultancy Xodus Group has strengthened its team with the appointment of a new advanced analysis lead. Ismael Ripoll will be responsible for leading the team which specialises in finite element analysis (FEA) covering a variety of areas including steel and flexible pipelines, pressure vessels and structures. With more than 12 years’ experience in subsea pipeline and FEA engineering, Mr Ripoll joins Xodus fro...

OPITO appoints VP for Americas to support oil and gas safety and skills

OPITO appoints VP for Americas to support oil and gas safety and skills   OPITO, the global, not-for-profit skills body for the energy industry, has appointed Brandon Grosvenor to the new role of vice president of strategic development for the Americas region. He had previously spent more than a decade with National Oilwell Varco in Houston, most recently as a global business development manager. Mr Grosvenor also served in various roles within the global training organisation wher...

New Chief Executive takes N-Sea Helm

New Chief Executive takes N-Sea Helm   N-Sea Holding has announced the appointment of Arno van Poppel as Chief Executive of the subsea IMR services provider. Mr van Poppel succeeds Gerard Keser, who steps down from his current role after eight years with the company to take up a position on the company’s advisory board. With a solid track record in the marine contracting environment, Mr van Poppel has contributed to the growth and transformation of companies such as F...

Steve Rae to take the helm at Step Change in Safety

Steve Rae to take the helm at Step Change in Safety   The Board of Step Change in Safety is delighted to announce the appointment of Steve Rae as the organisation’s new Executive Director. Steve is a born and bred Aberdonian who is held in high regard within the global oil and gas community having spent more than 35 years working in the industry. He began his career in the early-1980s as an offshore technician and worked on many North Sea installations before being assigned...

Oil Prices Rise as Reported Oil Tanker Attack Outweigh Sino-U.S. Trade Tensions

Oil Prices Rise as Reported Oil Tanker Attack Outweigh Sino-U.S. Trade Tensions   Despite intensifying trade disputes between China and the U.S., oil gained on Tuesday morning in Asia amid news that two Saudi Arabia oil tankers were allegedly attacked. U.S. Crude Oil WTI Futures for June rose 0.31% to 61.23 at 11:44 PM ET (3:44 GMT). International Brent Oil Futures for July delivery also went up 0.38% to 70.50. Oil prices received some support today following reports that Saudi...

Wood appoint next Chairman

Wood appoint next Chairman   Wood has appointed industry veteran and current chair of fracking Cuadrilla and Premier Oil Roy Franklin as its next chairman. Mr Franklin has an extensive oil and gas CV, having worked as an executive in the sector for more than 40 years. He spent 18 years at BP, including as head of M&A at its exploration division and has run exploration group Clyde Petroleum and North Sea producer Palladin Resources. He currently holds a series of board positi...

STEO: Brent To Average $70 This Year

STEO: Brent To Average $70 This Year   The Energy Information Administration expects Brent crude prices this year to average US$70 a barrel, falling to US$67 a barrel in 2020, the authority said in the latest edition of its Short-Term Energy Outlook. Both forecast figures are about US$5 higher than what the EIA had projected in the March edition of the monthly report, reflecting the steady rise in benchmark prices since March. For reference, the EIA noted the average price of Brent...

Iran Hasn't Cut Offshore Oil Output, Halted Exports: IOOC Head

Iran Hasn't Cut Offshore Oil Output, Halted Exports: IOOC Head   Iran’s offshore oil production hasn’t seen any reduction and the country just loaded crude for export, said Hamid Bovard, head of the Iranian Offshore Oil Co. It loaded the latest batch of crude from its offshore fields for export three days ago, Bovard said at a press conference, without elaborating on the volume or the destination. Exports are underway as planned, he said. The U.S. government term...

Brent Hits $75 For First Time In 2019 As Russian Exports Cut

Brent Hits $75 For First Time In 2019 As Russian Exports Cut   Brent oil rose above $75 per barrel on April 25 for the first time this year as quality concerns forced the suspension of some Russian crude exports to Europe while the United States prepared to tighten sanctions on Iran. Brent crude futures were at $74.95 by 7:44 a.m. CDST, up 38 cents. They earlier hit a session high of $75.60, their loftiest since Oct. 31. U.S. West Texas Intermediate crude was at $65.85 per barre...

Crude mood: Oil prices soar as US set to sanction countries buying Iranian crude

Crude mood: Oil prices soar as US set to sanction countries buying Iranian crude   The Trump administration is expected to announce on Monday that all countries will soon have to stop buying Iranian oil or be subject to US sanctions. Crude prices jumped to their highest level for 2019 so far. Sources told the Associated Press that Secretary of State Mike Pompeo will announce that sanction waivers won’t be renewed for five countries (Japan, South Korea, Turkey, China and India...

Oil prices inch up on signs of tighter global supply

Oil prices inch up on signs of tighter global supply   Oil futures edged up on Thursday as a drop in crude exports from OPEC’s de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices. Brent crude futures settled at $71.97 a barrel, up 35 cents from their last close and near Wednesday’s five-month high of $72.27. Brent saw a weekly gain of 0.6 percent, marking the fourth consecutive weekly rise for the international benchmark....

Brent nears $72 amid tightening supplies; surprise draw in US crude stocks

Brent nears $72 amid tightening supplies; surprise draw in US crude stocks   Oil prices rose on Wednesday, supported by concerns over tightening global supply due to US sanctions and fighting in Libya, as well as an unexpected fall in US crude inventories. International benchmark Brent crude oil futures rose 21 cents, or 0.3 percent, to $71.93 a barrel by 0034 GMT. Brent earlier hit a fresh five-month high of 71.96 a barrel, the highest since Nov. 8 when prices topped $72 a barrel....

Oil prices rise after OPEC cuts, US sanctions on Iran, Venezuela

Oil prices rise after OPEC cuts, US sanctions on Iran, Venezuela   Oil prices rose yesterday thanks to the cuts led by the Organisation of the Petroleum Exporting Countries (OPEC), as well as US sanctions imposed on Iran and Venezuela. Global benchmark Brent settled at $71.07 a barrel, up 18 cents or 0.3 per cent compared to previous figures, Addustor newspaper reported yesterday. West Texas Intermediate (WTI) crude rose by 46 cents or 0.4 per cent to settle at $63.84 a barrel....

Oil prices trade near 5-month high

Oil prices trade near 5-month high   Oil prices gained on Tuesday in Asia and traded near a 5-month high, supported by concerns on Libya supply disruptions. US Crude Oil WTI Futures was up 0.2% to $64.54 by 12:10 AM ET (04:10 GMT), the highest level since November 2018. International Brent Oil Futures inched up 0.1% to $71.19, also the highest level in 5 months. Khalifa Haftar, a military strongman who controls eastern Libya, reportedly attempted to enter the capital Tripoli....

Barclays upbeat on outlook for BP and Royal Dutch Shell

Barclays upbeat on outlook for BP and Royal Dutch Shell   Analysts at Barclays sounded an upbeat note on Big oil, telling clients that companies in the space remained free cash-flow positive in the first quarter of 2019, with management teams' commitment to both discipline on capital expenditures and shareholder returns seen driving a "re-rating" in share prices over the next 12 months. "The near 30% recovery in the Brent oil price over the last 12 weeks has brou...

Brent nears $70 as OPEC tightens supply

Brent nears $70 as OPEC tightens supply   Oil rose to almost $70 a barrel in London, a level last breached in November, as global crude supplies tightened while hopes for an end to the U.S.-China trade impasse lifted financial markets. Brent crude’s rapid recovery this year -- with the biggest quarterly gain in almost a decade -- is a victory for the production cuts of OPEC and its allies. Yet by preventing the re-emergence of a supply glut, the group has stoked the ire of Pr...

Oil scales 2019 highs on firm China data, Iran sanctions threat

Oil scales 2019 highs on firm China data, Iran sanctions threat   Oil prices rose to fresh 2019 highs on Tuesday, supported by firm Chinese economic data that eased demand concerns, the possibility of more sanctions on Iran and further Venezuelan supply disruptions. Brent crude rose 32 cents, or 0.5 percent, to $69.33 a barrel by 0212 GMT, having earlier touched $69.50, the highest since mid-November. U.S. West Texas Intermediate (WTI) futures rose 30 cents, or 0.5 percent, to $...

Oil prices fall as Trump calls on Opec to up production

Oil prices fall as Trump calls on Opec to up production   Donald Trump has called on the Organization of Oil Exporting Countries to up its output, triggering a slide in oil futures. In a tweet posted on Thursday, the US president said: “Very important that Opec increase the flow of oil. Worlds Markets are fragile, price of Oil getting too high. Thank you!” International Brent crude oil futures eased following the remark, slipping 1% to $67.20 a barrel at 1415 GMT, wh...
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