Board Of Management News

Knut Eriksen (Photo: Kreuz Subsea)

Eriksen Joins Kreuz Subsea Board

Global integrated subsea services business Kreuz Subsea has appointed Knut Eriksen as the board’s first independent nonexecutive director. Eriksen, who took up the advisory position on December 1, will support the business on a strategic level and help to identify future growth opportunities.Eriksen has worked for more than 35 years in the oil and gas sector around the world, having worked for the past two decades in senior management roles, including president of engineering at Aker Maritime and senior VP roles at Oceaneering International and NATCO Group, focusing on operations and business

Mark Heine (Photo: Fugro)

Furgo Taps Heine as New CEO

Dutch offshore services company Fugro NV has appointed longtime employee Mark Heine as its next CEO and Chairman of the Board of Management. He succeeds Øystein Løseth, who has decided to resign after only several months in the role.Heine, who most recently served as director of Fugro's marine division, began his career at Fugro in 2000 as geodesist on various onshore and offshore survey projects. By 2002 he fulfilled several management roles in the survey division with increasing responsibilities. From 2012 he served as regional director Europe-Africa for the survey division. In

Bart Heijermans (Photo: Boskalis)

Heijermans Joins Boskalis Management Board

During today's Extraordinary General Meeting of Shareholders, Bart Heijermans was appointed to the Board of Management of Royal Boskalis Westminster N.V. for a term until the Annual General Meeting of Shareholders in 2022.Heijermans will be responsible for the company’s offshore energy division, effective September 1, 2018.Heijermans brings to the board extensive experience in the offshore industry, having recently served as CEO and board member of subsea services provider DeepOcean. Prior to that, he held various senior management positions at companies including Helix Energy Solutions and

MV Kobi Ruegg (Photo: Fugro)

MV Kobi Ruegg Joins Fugro Survey Fleet

Gulf of Mexico for Fugro, the three-year-old vessel has recently been renamed in honor of a former member of Fugro’s management board who passed away in March 2017. Köbi (Jakob) Rüegg worked for Fugro for almost 20 years and from 2009 until he retired in 2013 was a member of the Board of Management with responsibility for the Offshore Survey Division.   The vessel replaces the Fugro Navigator which has been permanently retired as part of Fugro’s ongoing vessel rationalization process.   Permanently mobilized with a full range of geophysical survey and geotechnical

Fugro Bags Australian Subsea Contract

run for five years, with options to extend. Fugro will provide all services through its office in Perth. The work will be performed under Fugro's QHSE system, which is in accordance with industry leading QHSE and operational standards. Mark Heine, Divisional Director Marine and member of the Board of Management: “We are pleased to have secured this long term contract, supporting vessel utilisation in the current challenging oil and gas market. This IRM contract fits well within our asset integrity business line, which centers around inspection and monitoring services, supporting optimal utilisation

Royal Boskalis Westminster N.V.  closed the third quarter of 2016 in line with expectations. Image Boskalis

Boskalis Profits Zoom as Expected

stated that, based on the fleet planning and work in the order book and barring unforeseen circumstances, operating net profit in the second half of 2016 was expected to approach the level achieved in the first half of the year. Based on the result and the market picture in the third quarter the Board of Management maintains this forecast. Exceptional items such as book and revaluation gains, impairments and our share in the result of Fugro are excluded from the operating net profit forecast. At the close of the fourth quarter and based on the new three-year corporate business plan, annual impairment

Williams Names New Chair, Stands by CEO after Board Upheaval

Williams Cos Inc's board stood by CEO Alan Armstrong and named a new chairman on Friday after six directors resigned following a failed attempt to unseat him.   Williams appointed director Kathleen Cooper as the company's new chairman, adding in a news release that Armstrong is the "right Chief Executive Officer for Williams."   Two of the directors who stepped down filed responses of their own on Friday, with one promising to be more effective driving changes at Williams from outside the board.   The U.S. oil pipeline company now finds itself with nearly half of its

Alexey Miller Photo Gazprom

Nord Stream 2 project : Gazprom talks with BASF, ENGIE, OMV, Shell, Uniper

Zurich hosted today a number of working meetings of Alexey Miller, Chairman of the Management Committee of Gazprom, with Klaus Schaefer, Member of the Board of Management of E.ON and Chief Executive Officer of Uniper, Hans-Ulrich Engel, Member of the Board of Executive Directors of BASF, Rainer Seele, Chairman of the Executive Board of OMV, Pierre Chareyre, Executive Vice-President of ENGIE, and Maarten Wetselaar, Member of the Executive Committee of Shell. The meetings addressed issues related to the Nord Stream 2 project. On September 4, 2015, Gazprom, BASF, E.ON, ENGIE, OMV and Shell inked

Courtesy Electromagnetic Geoservices ASA

EMGS 3Q Performance Sturdy

into 2016 and 2017.   Although the geophysical market is currently not very receptive in adopting new technology, the Company believes that positive responses will materialise in higher demand for EM services when the oil market returns to equilibrium. To meet the current market conditions, EMGS Board and management continues the work to reduce the Company's cost level, preserve cash and mitigate balance sheet risk


Boskalis Posts Highest Profit

the portfolio it remains crucial that we make every possible effort to maintain the level of the order book, whereby we are selective in taking on projects, with an acceptable risk profile. Based on the fleet schedule and work in the portfolio and barring unforeseen circumstances, the Board of Management expects a good second half of the year. Net profit for the full year 2015, including our stake in the result of joint ventures and associated companies, is not expected to approach the 2014 record result (EUR 490 million). The 2015 capital expenditure is expected to amount to EUR 225-250

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