Muhammad Shahab has joined William Jacob Management Inc., Houston, as engineering manager. In addition to overseeing all aspects of project engineering, he will coordinate growth for the firm’s three divisions, Drilling Facilities Engineering, Process Facilities Engineering, and Marine Facilities Engineering. Source: News
Schwedland named CEO of Weir-MTU venture
Douglas Schwedland has been named chief executive officer of EPIX, a joint venture of Weir Oil & Gas, a provider of pressure-pumping equipment, and MTU, a subsidiary of Rolls-Royce Power Systems. EPIX will provide an integrated system for hydraulic fracturing. Source: News
Lewis joins Amec Foster Wheeler as CEO
Jonathan Lewis has been named chief executive officer of Amec Foster Wheeler PLC. He joins the company from Halliburton Co., where he has been senior vice-president and a member of the executive committee. Source: News
Esson named Decom North Sea chief executive
Roger Esson has been named chief executive of Decom North Sea, Aberdeen, a group representing the offshore decommissioning industry. Source: News
State law pre-empts local fracing bans, Colorado Supreme Court rules
The Colorado Supreme Court overturned statutes that ban hydraulic fracturing in two communities along the state’s populous Front Range because they conflict with state law that authorizes the technology’s use. Source: News
National Academies issue remote real-time offshore monitoring report
A new National Academies of Sciences, Engineering, and Medicine report recommends ways the US Bureau of Safety and Environmental Enforcement could apply remote real-time monitoring (RRTM) to improve the safety and reduce the environmental risks of offshore oil and gas operations. Source: News
OTC: Higher productivity ‘best insurance’ for meeting future energy demand, BP executive says
BP PLC has had to make some “very tough choices” and let some “very good people” go in Houston and elsewhere amid an environment that has changed “quite dramatically for all of us” over the last few years, a company executive told attendees May 2 at an opening session of the Offshore Technology Conference in […]
Ultra Petroleum seeks bankruptcy protection
Unable to reach a debt-restructuring deal for its $3.9 billion in unsecured debt, Ultra Petroleum Corp. filed for Chapter 11 bankruptcy protection on Apr. 29 in Houston. Source: News
Shell cancels FLNG orders for Browse development
Royal Dutch Shell PLC has cancelled a $4.6-billion contract with South Korean shipbuilder Samsung Heavy Industries Co. Ltd. for three floating LNG vessels. Source: News
Midstates Petroleum files bankruptcy
Midstates Petroleum Co. Inc. and Midstates Petroleum LLC, Tulsa, have filed for voluntary bankruptcy and will reorganize under a prearranged financial restructuring. Source: News