Deep Down Inc., Houston, (OTCBB: DPDW) has named Michael J. Newbury corporate business development manager. He has experience in business development and operational positions with Subsea 7, Halliburton Subsea and other companies.
Matthew Todd has been named to the corporate sales division. He has experience with Global Industries where his responsibilities included business development for installation services, dive support, and ROV services in the Gulf of Mexico.
Deep Down vice president, operation, Bradley Parro says, “We hired Mike and Matt to help us make the most of our rising offshore sales and business development opportunities. They will be responsible for enhancing our global reach and marketing our entire scope of subsea services and technologies to both new and existing customers.”
Deep Down is an oilfield services company serving the worldwide offshore exploration and production industry.
Recommended Reading
Liberty Energy Warns of ‘Softer’ E&P Activity to Finish 2024
2024-07-18 - Service company Liberty Energy Inc. upped its EBITDA 12% quarter over quarter but sees signs of slowing drilling activity and completions in the second half of the year.
Upstream, Midstream Dividends Declared in the Week of July 8, 2024
2024-07-11 - Here is a selection of upstream and midstream dividends declared in the week of July 8.
Trio Chairman Robin Ross Named CEO Less Than a Month After Return
2024-07-15 - Robin Ross, who last month returned to Trio Petroleum as board chair, has been named CEO while predecessor Michael Peterson will remain as a consultant.
Equinor Subsidiary Contracts Valaris Drillship Offshore Brazil
2024-07-22 - Valaris and Equinor Energy do Brasil’s multi-year contract is valued at approximately $498 million.
Archrock Offers Common Stock to Help Pay for TOPS Transaction
2024-07-23 - Archrock, which agreed to buy Total Operations and Production Services (TOPS) in a cash-and-stock transaction, said it will offer 11 million shares of its common stock at $21 per share.