Search results for: reorganisation

185 results

A list of search results

  • 22 June 2020
    Business developments & projects

    Qatari maritime group Qatar Navigation (Milaha) Q.P.S.C. has unveiled a reorganisation plan aimed at boosting the company’s presence in the marine services sector.

  • 18 December 2014
    Business & Finance, Operations & Maintenance

    Seabed-to-surface engineering contractor, Subsea 7, has announced that, with effect from 1 January 2015, it will be changing the organisational structure of its business. According to the company, its to better align Group’s strategic priorities and to further strengthen the its execution capabilities and competitiveness. The new organisational and segmental reporting structure will comprise two Business Units, which […]

  • 27 March 2015

    PA Resources AB, a Sweden-based oil company with assets in the North Sea and Africa, has failed in convincing its creditors to delay interest payment due in October 2014, until April 30, 2015. The cash-strapped oil company has for the past few months been in discussions with its creditors regarding a capital restructuring to establish a […]

  • 25 November 2019
    Business & Finance

    Containership operator Seaspan Corporation is to create a new holding company, Atlas Corp.

  • 16 April 2014
    Business & Finance

    SeaEnergy PLC, the innovation-led offshore energy services business, has announced a reorganisation focused on optimising the development of its fast-growing R2S division and boosting operational synergies within the Group. The reorganisation has four main elements: – R2S’s Business Development Director, Bob Donnelly, is appointed Director of Business Development for SeaEnergy.  Reporting direct to the Chief Executive, […]

  • 14 November 2017
    Business & Finance

    Swedish tanker shipping company Stena Bulk is reorganising its business activities into three business areas, including Crude & Fuel, Products & Chemicals and LNG. In relation to the reorganization move, the company has appointed two new managing directors, namely, Mats Karlsson (Crude & Fuel) and Johnny Schmolker (Products & Chemicals). At the same time, Stena Bulk’s business […]

  • 12 January 2015
    Business & Finance

    DeepOcean Group Holding B.V. (DeepOcean) started a reorganisation of the company today. Effective 1 January 2015 DeepOcean is organised in two main regions, the Greater North Sea (“GNS”) region and the International region. Ottar Mæland will head up the GNS region as Group EVP GNS. Group support functions such as IT, Procurement, Asset Management, Ship […]

  • 1 March 2006

    The target of reducing operating costs on the Statfjord field in the North Sea by NOK 690 million has been reached, one year ahead of schedule. A total of 220 employees have been redeployed.

  • 22 February 2017
    Business & Finance

    Damen Shiprepair & Conversion (DSC), part of Dutch Damen Shipyards Group, plans to lay off around 150 workers as part of its reorganisation program at three Dutch yards within its group. The yards that will be restructured are Damen Shiprepair Rotterdam (DSR), Damen Shiprepair Van Brink (DSVB) and Damen Shiprepair Vlissingen (DSVl), Damen said in a […]

  • 6 November 2013

    Finnish-based naval architecture and engineering firm Deltamarin is reorganising its operations in Brazil office in Rio de Janeiro. The office continues temporarily unmanned. Deltamarin operations in Brazil will not be closed down as the company will continue taking care of sales and projects from the headquarters in Finland. In addition, the address of the Rio de […]

  • 7 May 2019
    Business & Finance

    Clipper Bulk downsizing organization and office network to strengthen its business platform in weak markets.

  • 12 December 2013

    TAQA, the international energy and water company based in Abu Dhabi, has undertaken a reorganisation at its headquarters to enhance efficiency.   The measures will reduce general & administrative costs by more than USD 20 million in 2014 and are part of a global initiative to position TAQA to deliver on its vision to be […]

  • 9 May 2016

    PA Resources, a struggling Swedish oil company, has divested some more of its assets. This time in Tunisia. The company on Monday said it executed a sale and purchase agreement to sell its entire Tunisian asset portfolio, both onshore and offshore, to ETAP, the Tunisian national oil company, PA Resources, which became insolvent at the […]

  • 4 June 2014
    Business & Finance

    Buccaneer Energy Limited and its U.S. subsidiaries filed voluntary petitions for reorganisation under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Victoria Division. The Company’s filing was made on the eve of a 1 June 2014 deadline established by the Alaska Oil and Gas Conservation […]

  • 12 January 2015
    Business & Finance, Research & Development

    Effective 1 January 2015 DeepOcean is organised in two main regions, the Greater North Sea (“GNS”) region and the International region.  Ottar Mæland will head up the GNS region as Group EVP GNS. Group support functions such as IT, Procurement, Asset Management, Ship Management and Engineering will reside in the GNS organisation. Mads Bårdsen will […]

  • 17 March 2011
    Business & Finance

    Minor adjustments have been implemented in the Norwegian Petroleum Directorate’s (NPD’s) organisation and management structure. The changes entail that Johannes Kjøde will assume the function of deputy director general. Tomas Mørch has been appointed as a new director. The NPD is a flat, team-based organisation with around 200 employees led by director general Bente Nyland. […]

  • 25 September 2007

    Wärtsilä’s Ship Power is in the process of reorganising into five Ship Power Business Segments: Merchant, Offshore, Cruise & Ferry, Navy, and Special Vessels. The aim is to respond better to market requirements, in terms of value proposition and technology development, as well as to be prepared for market fluctuations.

  • 1 October 2018
    Business & Finance

    Wärtsilä is to reorganise into two business areas, Wärtsilä Marine Business and Wärtsilä Energy Business.

  • 16 March 2015
    Business & Finance

    Intermediate People’s Court in Dalian has ordered STX (Dalian) Shipyard to enter bankruptcy liquidation on March 13, South Korea’s STX Corporation, the parent company of the bankrupt shipbuilder, said in a stock announcement. Unable to pay off its debts within due dates, STX (Dalian) Shipbuilding, China’s biggest foreign-funded shipbuilder, filed for bankruptcy reorganisation across its six branches in […]

  • 22 October 2008

    Container shipping leader APL has today announced a reduction in capacity and significant changes to its global service network in response to increasingly challenging conditions in the major container trades. Commenting on the changes, APL President Eng Aik Meng said: “The traditional seasonal softening of demand in the main container trades has been compounded by […]

  • 29 December 2015
    Business & Finance

    China Merchants Group’s acquisition of Sinotrans & CSC Holdings Co has received official clearance from the Chinese government, the state asset regulator said on Tuesday. Hong Kong-listed Sinotrans informed that it has been notified by the state-owned Assets Supervision and Administration Commission of the State Council (SASAC) of the Council’s approval of the “reorganisation between Sinotrans & CSC and […]

  • 24 February 2017
    Business & Finance, Operations & Maintenance

    Saipem has plunged deeper into the red as longer-than-expected market recovery led to massive writedowns and reorganisation costs for the Italian oilfield services player in 2016. The company has recorded net loss of €2.1 billion for the twelve months of 2016, of which €162 million in the fourth quarter. Full-year result has seen Saipem’s losses widen from €806 […]