Company Updates

API announces that Mike Sommers will be the new President and CEO of the American Petroleum Institute, following an election on May 2, by API's Board of Directors and a thorough search and transition planning process.

Fugro’s new partnership with KAUST (King Abdullah University of Science and Technology) was marked recently with the inauguration of the KAUST - Fugro Center of Excellence for Marine Technology. Beginning a mutually beneficial partnership, the new center will provide training in ROV operations and hydrographic survey within the Kingdom as part of the Saudisation program.

XL Global Group is relaunching as a global multi-discipline technology and engineering group, following a period of investment in acquisitions, new divisions, people and technology. The integrated group has been awarded over $10 million in new contracts.

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