People on the move

Oct. 4, 2024
This update provides the latest in senior appointments, promotions, retirements, company news and more across the offshore energy industry.

Compiled by Ariana Hurtado, Editor and Director of Special Reports


 

People

Murphy Oil Corp.'s board of directors has appointed Eric M. Hambly, Murphy’s current president and COO, to succeed Roger W. Jenkins as the company's president and CEO, effective Jan. 1, 2025. Hambly also will become a member of the board of directors. Jenkins will retire from the board on Dec. 31, 2024. He will remain with Murphy in a non-executive role as an adviser until his retirement on Dec. 31, 2025. Read more. 

geoLOGIC systems has named Satvinder Flore CEO and a board member. Former CEO David Hood, who remains a significant shareholder, has assumed the role of chair of the company’s board of directors. 

Geoquip Marine has appointed Rune Olav Pedersen CEO, effective Jan. 1, 2025. He has spent the last 14 years at PGS and led its successful turnaround and merger with TGS. Pedersen will be based at Geoquip’s headquarters in Switzerland and takes over from outgoing CEO Richard Turner, who has accepted a role closer to his family in the UK. Read more. 

Björn Stignor has accepted the position as CEO of Furetank, a Swedish, family-owned shipping company active in tanker shipping.


Company news

Eni has completed a combination of much of its UK upstream assets with those owned by Ithaca Energy. Not included are Eni’s interests in the East Irish Sea and its UK carbon capture and storage activities. Read more. 

Macquarie Asset Management, via Macquarie European Infrastructure Fund 7, entered into an agreement late last month to acquire ZITON, an offshore wind operations and maintenance business. Read more. 

Vallourec has reached an agreement to acquire thermal insulation pipe coating services provider Thermotite do Brasil for $17.5 million. Read more. 

The New Bedford Foss Marine Terminal has opened its first deepwater berth in Massachusetts after two years of demolition and construction to support North America’s emerging wind energy sector. Read more. 

Windar Renovables has begun work on adapting the land it has acquired in Asturias, Spain, for the manufacture of monopiles for offshore wind turbine foundations. The new factory will be complete in 2027. Read more. 

Houston-headquartered JDR Cables, part of the TFKable Group, has opened a new service center in Macaé, Rio de Janeiro, Brazil. The service center began operations in third-qaurter 2024, providing in-country technical and service support for umbilicals and related equipment, including asset management, repairs and maintenance, and supply of products such as hydraulic jumpers. Read more.

Rovco and Vaarst have entered into merger, creating a new brand Beam to boost their offshore wind services. Read more. 

WTS Energy, a provider of workforce solutions for the energy and infrastructure sectors, has expanded into Saudi Arabia with the establishment of WTS Energy Arabia. The new entity has operations in Riyadh and the Eastern Province.

Independent consultancy Safetec Nordic AS has been sold to testing service provider TÜV Rheinland

3t, a UK-headquartered provider of training for safety-critical industries, has made its seventh acquisition with the purchase of GTSC, an energy training business in the Middle East, which increases its presence across the region in Saudi Arabia, the United Arab Emirates and Egypt. 

Fulkrum, a specialist in inspection, expediting, auditing and technical staffing services, has opened its new regional support center in Abu Dhabi.

South Bow Corp. is launching as an independent company after completing its planned separation from TC Energy Corp. South Bow is a liquids pipelines company that connects Canadian crude oil supply to the refining markets in the US Midwest and Gulf Coast. 

Chesapeake Energy Corp. and Southwestern Energy Co. closed on their combination Oct. 1, rebranding as Expand Energy Corp. Expand Energy says it is the largest independent natural gas producer in the US.

About the Author

Ariana Hurtado | Editor and Director of Special Reports

With more than a decade of copy editing, project management and journalism experience, Ariana Hurtado is a seasoned managing editor born and raised in the energy capital of the world—Houston, Texas. Utilizing her editorial expertise, she helps create and oversee new special industry reports and revolutionizes existing supplements, while also contributing content to Offshore magazine, its newsletters and website as a copy editor and writer. In addition, she manages digital media for the Offshore team.

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Murphy Oil Corporation Names Eric M. Hambly as President and Chief Executive Officer