Martin Joins Costain O&G Team
Technology-based engineering solutions provider Costain has appointed Tim Martin as Director of Front End & Advisory Services within its oil and gas team. Martin joins Costain from Ramboll, where he was the Managing Director. As a proponent of industry improvement and transformation throughout his 20-year career within the sector, Martin has directed…
Oilfield Services: Let the M&A Activity Begin
A desire to capitalize on distressed situations, grow international market share and acquire new technology will drive a surge in M&A activity in the oilfield services sector during 2016, according to major new research from international law firm Pinsent Masons. A survey of 200 senior executives across the oilfield services industry revealed that despite unprecedented price volatility…
Credit Suisse Hires EMEA O&G Head from Barclays
Swiss bank Credit Suisse has hired James Peterkin, from Britain's Barclays, to head its oil and gas team in Europe, the Middle East and Africa (EMEA), according to a memo seen by Reuters on Monday. Peterkin, who has been co-head of EMEA oil and gas investment banking at Barclays since 2009, will join Credit Suisse in March and be based in London, according to the memo, whose contents were confirmed by a Credit Suisse spokeswoman.
Oil & Gas Banker Janoskey to join JP Morgan
JP Morgan has hired James Janoskey, Credit Suisse's European Energy Group head, to lead its oil and gas team in Europe, the Middle East and Africa, according to a memo seen by Reuters. Janoskey will join the investment banking division, reporting to Laurence Hollingworth, head of industry coverage at the U.S. bank. Janoskey has over eighteen years of…
CFO of Genel Energy to Retire
Julian Metherell has informed the board of Directors of Genel Energy plc of his intention to retire from the Company, with effect from the close of the Annual General Meeting on 21st April 2015. Julian Metherell's successor as Chief Financial Officer will be Ben Monaghan, who is currently the Head of Europe, Middle East and Africa oil and gas investment banking at J.P. Morgan. Ben has worked in the oil and gas team at J.P.
Buyers Bide Their Time in $110 bln Oil Asset Sell-Off
With more than $110 billion of oil and gas assets on the block as companies big and small count the cost of the collapse in oil prices, it is now a question of who will blink first to set the M&A scramble in motion. Energy groups with spare cash, venture capital funds and multinational and state oil companies are eyeing assets with valuations that have…
Cat, Deltamarin Develop Modular FPSO Power Unit
Caterpillar Oil & Gas will launch the Cat Offshore Power Generation Module, a new modular solution for FPSO and offshore platform main power at the 2014 Rio Oil & Gas Expo and Conference held September 15-18 in Rio de Janeiro, Brazil. The Cat Offshore Power Generation Module is a turnkey EPC scope, scalable, single lift, modular power plant product that includes full integration into the FPSO or platform structural design.
