Churchill Drilling Tools, an oil field service company specializing in down-hole tools, has reaffirmed its commitment to Middle Eastern expansion by opening a bespoke tooling and service workshop in Abu Dhabi, UAE.
This brand new, purpose-built facility in ICAD III, Mussafah, covers more than 11,000sqft of workshop floor, with an additional 2,000sqft of office accommodation.
The facility in Abu Dhabi is the latest significant investment by the company in the UAE, where Churchill has responded to growing local demand for its range of innovative dart activated products. It follows the opening of a base in Dubai at the beginning of 2016 to enhance Churchill’s support structure in the Emirates.
Founder and chairman Andy Churchill, who opened the new facility, said of the investment:
‘I am very pleased that we are able to continue to invest in the company and expand our global footprint. The UAE is an important market for us, and our investment in the new workshop facility in Abu Dhabiwill enable us to cover the whole of the UAE from a central hub. Tool mobilization, servicing, repair and maintenance can now all be done in country, allowing Churchill Drilling Tools to further embed itself into the UAE supply chain.
“The new investment in Abu Dhabi is part of our Middle East strategy and places the company in a prime position to serve towhole UAE market. With ADIPEC approaching, I am pleased that we continue to be able to invest in the UAE and offer highly skilled careers in our innovative and growing company.”
Nicholas Kjaer, general manager of the Middle East for Churchill Drilling Tools, added: “This new facility is functional as of today and will allow us to provide full lifecycle support for the Churchill product line throughout the UAE. We have already made a number of new appointments and plan to expand our technical support staff well into 2017. I look forward to welcoming new and existing clients to stand 8556 at ADIPEC and being able to show how our products can help operators solve their well challenges.
GE (NYSE:GE) and Baker Hughes (NYSE:BHI) have announced that the companies have entered into an agreement to combine GE's oil and gas business ("GE Oil & Gas") and Baker Hughes to create a world-leading oilfield technology provider with a unique mix of service and equipment capabilities. The "New" Baker Hughes will be a leading equipment, technology and services provider in the oil and gas industry with $32 billion of combined revenue1 and operations in more than 120 countries. By drawing from GE technology expertise and Baker Hughes capabilities in oilfield services, the new company will provide best-in-class physical and digital technology solutions for customer productivity.
Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, at the closing of the transaction Baker Hughes shareholders will receive a special one-time cash dividend of $17.50 per share and 37.5% of the new company. GE will own 62.5% of the company. The transaction is expected to close in mid 2017.
"This transaction creates an industry leader, one that is ideally positioned to grow in any market. Oil & gas customers demand more productive solutions. This can only be achieved through technical innovation and service execution, the hallmarks of GE and Baker Hughes," said Jeff Immelt, Chairman and Chief Executive Officer of GE. "As we built the GE Oil & Gas business, I have always been impressed by the respect our customers have for Baker Hughes. GE Oil & Gas is a key GE business, one that fully leverages the GE Store. As we go forward, this transaction accelerates our capability to extend the digital framework to the oil and gas industry. An oilfield service platform is essential to deliver digitally enabled offerings to our customers. We expect Predix to become an industry standard and synonymous with improved customer outcomes. GE investors will benefit through ownership of a stronger business with substantial synergies and an improved competitive position. The transaction is expected to add approximately $.04 to GE EPS in 2018, $.08 by 2020."
Martin Craighead, Chairman and Chief Executive Officer at Baker Hughes said, "This compelling combination brings together best-in-class oilfield equipment manufacturing and services, and digital technology offerings for the benefit of all customers and stakeholders. The combination of our complementary assets will create a platform capable of seamless integration while we enhance our ability to deliver optimized and integrated solutions and increase touch points with our customers. In addition, Baker Hughes shareholders will receive a special one-time cash dividend of $17.50 per share and benefit from the upside of a stronger, larger business. With employees of Baker Hughes and GE Oil & Gas coming together, the new company will be an industry leader, well-positioned to compete in the oil and gas industry while pushing the boundaries of innovation for our customers."
Lorenzo Simonelli, who is currently president and CEO of GE Oil & Gas said, "This transformative transaction will create a powerful force in the oil and gas market as we continue to drive long-term value for our customers and shareholders. This transaction is also exciting for employees of both companies. GE Oil & Gas and Baker Hughes are an exceptional cultural fit, sharing a commitment to exceeding customer expectations. Both companies' employees will benefit significantly from being part of a larger, stronger company that is positioned for long-term growth. We look forward to combining the digital solutions and technology from the GE Store with the domain expertise of Baker Hughes and its culture of innovation in the oilfield services sector."
SpeedCast International Limited (ASX: SDA), a leading global satellite communications and network service provider, has announced it has entered into a definitive agreement to acquire Harris CapRock in a cash transaction valued at US$425 million. Harris CapRock is a global leader in the Energy and Maritime segments. The acquisition strengthens SpeedCast’s already strong position in the Maritime industry, in which Harris CapRock has a leading position in the fast-growing and bandwidth-hungry Cruise sector, and creates a global leader in Energy, positioning the company for future growth.
The combined entity will service over 6200 vessels, hundreds of rigs and platforms, and enterprise and government customers around the world with a wide portfolio of communications and IT services, and an industry-leading global support network. This expanded global footprint and infrastructure, with over 240 field engineers around the world, will enable SpeedCast to provide best-in-class services and support to our customers in over 100 countries.
“The acquisition of Harris CapRock is a transformational opportunity for SpeedCast. With this acquisition SpeedCast becomes the global leader in the industry, with a scale that enables us to deliver world-class services and support in over 100 countries. Harris CapRock’s industry-leading product and technology portfolio also gives us the ability to deliver innovative new offerings to customers across the Maritime, Energy, Enterprise, Telecom, and Government segments. The acquisition enables us to build a leadership position in the Energy sector at an attractive stage in the market cycle. I am also excited about how the combination of SpeedCast and Harris CapRock will accelerate our position in the Cruise sector, building on our acquisition of WINS Limited earlier in the year,” said SpeedCast CEO Pierre-Jean Beylier. “I am thrilled to welcome the Harris CapRock team to SpeedCast. Together we can expand the portfolio of services that we offer to our customers and position the combined group as an even stronger global provider of state-of-the-art communications and technology services.”
The transaction is expected to complete by the end of Q1 2017 subject to customary closing conditions, including anti-trust and regulatory approval.
Endeavor Management and DeepDriver LLC have announced that they have opened industry participation in a Technology Demonstration Project (TDP) for DeepDriver’s breakthrough ROV powered subsea piling hammer.
In today’s oil & gas price environment, the overriding imperative is to seek new ways to lower capital and operating costs. DeepDriver’s innovative technology offers a significantly more cost effective means to install small to medium diameter piles at any water depth with typical savings of 35% to 50% per project. DeepDriver can be used for conventional driven applications such as anchors, moorings, well conductors, etc., as well as enabling uses not currently undertaken such as pipeline route stabilizations and remediation, deepwater pin piles and next generation hybrid mud mats. Key elements of the technology were successfully land tested earlier in 2016.
This TDP proposes to build a full scale system and undertake a series of tests including onshore FAT and land tests, shallow water test and, finally, a deepwater offshore trial in the Gulf of Mexico to demonstrate all aspects of the system’s operations. The TDP will deliver a field proven system to the industry.
Endeavor and DeepDriver are seeking industry participants to contribute to this project from a cross section of the stakeholder segments involved in the global subsea sector: Oil and Gas Operators, Vessel Operators, Service Companies, and Midstream Pipeline Operators. Participants will not only yield benefits to the industry by lowering costs on new projects and repair / maintenance on existing infrastructure, but will receive specific commercial benefits following completion of the TDP.
Bruce Crager, Executive Vice President of Endeavor Management, stated, “The subsea industry is facing huge challenges to reduce costs. With this TDP we expect to deliver an innovative system ready for use by the global industry within 12 months.”
William Zakroff, CEO of DeepDriver, added “DeepDriver was invented and engineered by co-founder and CTO James Adamson P.E., a world renowned technical authority in ROVs and ROV tooling. After completion of the TDP, DeepDriver will initially focus on IRM projects as the subsea industry recovers.”
Kongsberg formally opened its first office and warehouse facility in the Republic of South Africa on Friday 4th November 2016. Located in Cape Town’s airport zone, Kongsberg Maritime South Africa has been established to better serve customers located in, or visiting ports across the country and throughout the Sub-Saharan region. The new facility joins Kongsberg Maritime’s extensive global network of first party sites, consisting 64 offices located in 20 countries, employing over 4000 people.
Kongsberg’s expansion in South Africa comes as the Government’s National Development Plan turns towards maritime resources as part of ‘Operation Phakisa’; a program implemented to unlock the economic potential of South Africa’s oceans. Kongsberg Maritime’s diverse technology portfolio can support all major pillars of the Operation Phakisa maritime program, including: Marine transport and manufacturing, offshore oil & gas, aquaculture, marine protection and ocean governance/monitoring.
From left to right: Alastair Pettie, Rune Haukom, Steve Nell, Shaun Ortell, Pierre Marais, Wojtek Kowalczyk
The Kongsberg Maritime South Africa facility currently combines office and warehouse space in addition to a testing lab, with plans already in place to open training facilities that will help local offshore operators to meet local content requirements. Kongsberg Maritime is also committed to employing local engineers to support a diverse customer-base across the African continent through technical skills and knowledge in addition to cultural experience.
Kongsberg Maritime South Africa currently addresses all customer needs within the merchant automation and dynamic positioning segments, with an ambitious plan to quickly expand scope as the facility grows next year. Current focus is on service, maintenance and after-market support, but the facility will act as a local contact point for all customers in the region. With its location close to Cape Town International Airport, Kongsberg Maritime South Africa can deploy technicians to customer vessels throughout Sub-Saharan Africa faster and for lower-costs.
“The current shipping and offshore markets are challenging but it’s vital that we continue to support our global customer-base by ensuring we have local facilities ready to help wherever a vessel may be,” said Vegar Arndal, EVP Global Customer Support, Kongsberg Maritime. “Our new South Africa office positions a team of experts closer to our customers in the region, enabling a faster, more cost-effective response should we need to visit a vessel. I see Kongsberg Maritime South Africa as a first and important building block in our journey in the region. We have a long-term focus and expect the African continent to be even more exciting going forward.”
“We see an ocean of opportunities in South Africa and throughout the continent, with fast growing economies that attract more and more shipping traffic and a steady offshore oil & gas industry,” said Rune Haukom, VP Global Customer Support – Offshore and Chairman of Kongsberg Maritime South Africa. “By being present with our own facility, we will be better positioned to support local industry across the entire Sub-Saharan Africa region and be part of the growth that Operation Phakisa is expected to generate.”
Oceaneering International, Inc. (“Oceaneering” or the “Company”) (NYSE:OII) announces that a unit of BP p.l.c. (“BP”) (NYSE:BP) has agreed to a two-year extension through January 2019 under the Field Support Vessel Services contract that was entered into with the Company for work offshore Angola on Blocks 18 and 31.
Ocean Intervention III. Photo courtesy: Oceaneering
Under this contract term extension, the Ocean Intervention III will remain chartered through April 2017, with five option periods for further extension of one-month each. Additional vessels and services, if any, would be provided during the remaining period of the contract, on as-needed basis.
M. Kevin McEvoy, Chief Executive Officer of Oceaneering, said, “We are pleased to have secured this contract extension with BP. In support of this contract, we are also providing a wide range of vessel-related subsea services, including remotely operated vehicles, tooling, asset integrity, and diving services. This extension strengthens our long-term commitment in Angola, which we see as a vital deepwater market for Oceaneering’s services and products.”
Aker Solutions has agreed to buy 70 percent of Brazilian C.S.E. Mecânica e Instrumentação Ltda, building on a strategy to expand its services business in key international markets.
The agreement includes an option to purchase the remaining 30 percent of the company three years after the expected close of the transaction by the end of the first quarter of 2017. The parties agreed to not disclose the purchase price.
The acquisition gives Aker Solutions access to Brazil's growing market for servicing existing oil and gas fields. C.S.E., which had revenue of BRL 322 million in 2015, provides maintenance, assembly, commissioning and crane operation services at offshore and onshore facilities.
"Aker Solutions has established a solid presence and reputation in Brazil's oil and gas market over the past 40 years and entry into the country's brownfield segment is an attractive growth opportunity," said Chief Executive Officer Luis Araujo. "Joining forces with a successful local player like C.S.E. fits well with the internationalization of our services business, allowing us to bring our competence, knowledge and experience within this field to this important and growing region."
C.S.E., whose headquarter is in Pinhais in the Parana state, has 2,300 employees located at sites including five service facilities covering the country's different oil and gas basins. It has a strong backlog of BRL 855 million and a track record of delivering consistently high-quality services to customers including state producer Petrobras. The company's fabrication shop in Rio das Ostras is located near Aker Solutions' subsea services facility.
To ensure continuity, the owners of C.S.E., Altair Dietrich, the chief executive officer, and Luiz Joanello, the chief commercial officer, will stay on with the company. C.S.E. will remain a separate legal entity with a management team consisting of personnel from each company.
"By combining the strengths of both companies we will expand our capabilities and create significant value for our customers," said Dietrich. "Teaming up with Aker Solutions is a huge step for the company and puts us in the next league in terms of competing for even larger and more complex contracts." The acquisition is subject to approval by Brazilian competition authorities.
Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company has its main office in Oslo, Norway, and employs approximately 13,000 people in about 20 countries.
Seanic Ocean Systems (Seanic) announce the addition of Ray Maza to their business development team. Mr. Maza’s history in the subsea market makes him the ideal candidate to help Seanic enhance their long range growth objectives. With beginnings as an ROV pilot and technician, Mr. Maza has progressed through his career taking leadership roles for global commercial activities that include ROV development, subsea project management, operations management, and strategic sales planning.
The recent move by Seanic to a new facility in Katy, Texas will afford Mr. Maza a unique opportunity to implement business development initiatives to support the firm’s ever expanding cache of capabilities. One of these core abilities that Seanic is currently promoting stems from the construction of a full-service test tank that enables their clients to test their products in a controlled environment. The tank is large enough to wet-test a variety of subsea components using a work class ROV simulating field operations.
“Seanic’s new facility and their engineering capabilities present us with a chance to better serve the needs of current and potential clients,” noted Mr. Maza. Tom Ayars, president of Seanic, said, “We’re excited to bring Ray on board. He has acquired a broad range of field, operational and business development experiences that are important in this time of heightened budget awareness and lean operation strategies. We look forward to a productive future with this partnership.”
Phoenix International Holdings, Inc. (Phoenix) announces that Patrick Keenan Jr., P.E. has been appointed as President, effective November 1st. In this position, Patrick will be responsible for all of the Company's operating units worldwide and will continue to expand upon Phoenix's reputation of being a premier provider of underwater solutions.
Before beginning his foray into the private sector, Keenan (CAPT USN retired) served in the United States Navy for thirty years as a diver, salvor, and engineer. He is a registered professional engineer and marine surveyor with a BA in Chemistry from the University of Pennsylvania, and an MS in Materials Engineering and Naval Engineering from the Massachusetts Institute of Technology. His research relating to waterborne ship repair was published in the Naval Engineers Journal. He holds a U.S. patent for his invention Method and Apparatus for Thermal Insulation of Wet Shielded Metal Arc Welds and was the 2000 American Society of naval Engineers Claude A. Jones Award winner for excellence in the field of Naval Engineering.
On his appointment, Phoenix CEO Mike Kutzleb stated, "Patrick is a highly accomplished leader with the qualities and experience required to lead the company as we continue to accelerate the growth of Phoenix over the next few years." He continued, "His ability for strategic thinking at a very high level coupled with his operational acumen, extensive leadership experience and global business perspective make him the perfect choice for President of Phoenix."
At sea Patrick held deck and engineering officer positions aboard ATF and ARS class salvage ships, and was the Seventh Fleet Salvage Officer based in Singapore. Shore assignments included hyperbaric maintenance superintendent at a diving research facility; dry docking and diving officer in a naval shipyard; aircraft carrier repair officer and supervisor of shipbuilding; Officer in charge of ship repair unit Bahrain; Commanding Officer of the Navy Experimental Diving Unit; and Director of the Naval Construction and Engineering program at the Massachusetts Institute of Technology. His final tour of duty was a U.S. Navy Supervisor of Salvage and Diving and Director of Ocean Engineering. Before being appointed President, Patrick served as Manager of the Commercial Underwater Ship Husbandry (CUSH) Division for Phoenix.
Aker Solutions secured two five-year framework agreements for potential future deliveries of subsea production systems and lifecycle services at BP-operated oil and gas fields globally.
The first five-year contract covers engineering, procurement and construction of subsea production systems for new and maturing developments worldwide. Aker Solutions would bid for work under the contract, which sets out the terms and conditions that would need to be met. The companies also agreed on a five-year servicing agreement, coinciding with the first contract, for any equipment delivered under the first contract and to support previously installed subsea hardware. Both contracts started in August 2016.
"This further expands our long-standing relationship with BP, which spans more than twenty years," said Luis Araujo, chief executive officer of Aker Solutions. "We look forward to working together to find sustainable solutions for securing needed energy resources from BP's subsea fields around the world." The contracts allow Aker Solutions to bid for work as one of four preferred suppliers for BP's development portfolio across the world.
The size of the framework agreements depend on the amount of work necessary and orders will be booked as they come in.
CGG announces that it has been awarded a major contract by Pemex to deliver an orthogonal wide-azimuth integrated solution designed to optimize subsalt seismic imaging in the geologically complex deep waters of the Perdido area.
A new wide-azimuth survey, covering approximately 10,000 km2, will be acquired perpendicularly over the existing wide-azimuth seismic data acquired by CGG in 2010. Imaging of this first large-scale combined orthogonal wide-azimuth dataset for Pemex is expected to provide significantly enhanced subsalt imaging results due to the improved illumination of the targets beneath the complex salt canopy.
The survey will commence in early 2017 with delivery of Fast Trax pre-stack depth migration RTM results by the end of the year and full production processing results in 2018. The data will be processed in CGG’s Villahermosa and Houston subsurface imaging centers.
Jean-Georges Malcor, CEO, CGG, said: “CGG is proud to have been selected to conduct Mexico’s first offshore orthogonal wide-azimuth program to address the significant imaging challenges relating to the presence of complex geology and salt structures in the deepwater Perdido area. CGG has historically been a key provider of high-end seismic services to Pemex and has an invaluable 28-year track record of operational experience in Mexico. We are delighted to have the opportunity to continue developing our longstanding partnership with Pemex to support their exploration & development plans.”
Unique System LLC (USA), a Unique Maritime Group company, is one of the world’s leading integrated turnkey subsea and offshore solution providers based in New Iberia, Louisiana and Houston, Texas. The company specialises in the supply of equipment for sale and rental to the diving and offshore industries in the Gulf of Mexico region.
Unique System LLC, Houston, has taken delivery of two EMO DOMINO-7 Mk-2 fibre optic multiplexer systems which are to be added to Unique System’s ROV rental pool of products.
EMO DOMINO-7 Mk-2 fiber optic multiplexer system
The EMO DOMINO-7 Mk-2 has been designed to offer up to 2000 watts of DC power distribution from a universal AC supply with power controlled by rugged locking switches at the DOMINO-7 topside mux rack. This multiplexer system offers a range of video, Ethernet, and serial data channels over a single or redundant fiber optic telemetry system. The system is rated for 3000 meters ocean depth.
The DOMINO-7 line is the most compact form-factor of working class ROV multiplexer systems available on the market today. The DOMINO-7 MUX system remains flexible to user requirements and can be rapidly reconfigured to meet the power and protocol needs of a large number of ocean tools and devices.
MacArtney Canada was fairly newly established with a view to consolidating MacArtney’s presence on the Canadian east coast as an independent unit under the MacArtney Inc. umbrella as the 6th regional operation in North America. The company serves MacArtney’s main markets representing oil and gas, ocean science, defence, marine construction, fisheries and marine renewables, including OEMs, shipyards and other suppliers catering to these markets.
Separator Spares & Equipment, LLC announces an authorized distributor/agency agreement with MME Group.
Effective immediately, Separator Spares & Equipment will be providing MME Impressed Current Systems, MME Antifouling Systems, MME Sacrificial Aluminum and Zinc Anodes, and MME Harbinger Boarding Equipment. This strategic alliance will provide MME Group’s customers a local representative in the United States and Canada.
“We were looking for a selling and servicing partner for our ICAF and ICCP systems, and we found that partner in Separator Spares & Equipment” said Eric Bouman, Sales Manager at MME Group. “The driving force behind the agreement is the shared commitment, of both companies, to increase the availability of MME Group products and services to North American Customers.”
Nothing is more valuable than life, both human life and that of our planet. MME Group provides inspection, (non-)destructive testing and rope access services, as well as corrosion prevention systems, anti-fouling systems and boarding equipment. These products and services enable producers, owners, and operators to safeguard the long term integrity and profitability of their assets and products, and in doing so, protect the lives of those involved with them. Our mission is “A Longer Life”.
MME Group is based in the Rotterdam area, in The Netherlands. The company was established in 1963 and has since grown to become one of the most experienced and specialized companies in its field of activity. MME Group serves customers around the globe in industries such as machine building, oil & gas, offshore renewable energy (wind and tidal), shipping and shipbuilding.
Based in Houma, Louisiana, Separator Spares & Equipment’s Marine Division is a leading supplier in complete separation and heat transfer packages. The woman owned company, has grown from a spare parts provider, to a thriving, reliable, global supplier of spare parts and equipment. Separator Spares & Equipment’s knowledgeable staff has over 50 years combined experience within the Maritime Industry.
Trelleborg announces that it will be developing the next generation of buckling mitigation buoyancy technology. Chevron awarded Trelleborg’s offshore operation a license agreement to develop the patented technology, which includes the design and qualification of this new buoyancy product.
In certain offshore conditions, lateral movement of traditional fixed buoyancy modules can cause soil compaction, increased lateral soil resistance and the formation of berms. This condition can cause secondary regions of high stress, increasing the risk of lateral pipeline buckling.
After years of research and testing, Chevron identified a solution and has partnered with Trelleborg to develop and qualify, a new product. The new solution offers an alternative lateral buckling mitigation strategy using a rotating mechanism compared to standard fixed buoyancy - enhancing reliability and effectiveness of thermal expansion mitigation on subsea pipelines.
“By partnering with Trelleborg offshore, we’re using a new approach to accelerate the deployment of this technology,” stated Antonio Critsinelis, Subsea Pipeline Team Lead with Chevron Energy Technology Company. “This is an important partnership to bridge the gap from technology conception to production.”
John Drury, Managing Director at Trelleborg’s offshore operation in Skelmersdale states: “We are excited to work with Chevron on this joint-development project and are honored they chose Trelleborg as the sole manufacturer and distributor. We believe our knowledge and application expertise will support Chevron’s team to conclude a successful project.”
Using advanced polymer material technology, Trelleborg’s offshore operation provides high integrity solutions for the harshest and most demanding offshore environments. As part of the Trelleborg Offshore & Construction Business Area of Trelleborg Group, Trelleborg’s offshore operation specializes in the development and production of polymer and syntactic foam based seismic, marine, buoyancy, cable protection and thermal insulation products, as well as rubber-based passive and active fire protection solutions for the offshore industry. Within its portfolio are some long established and respected brands including, CRP, OCP, Viking and Emerson & Cuming. Trelleborg’s offshore operation has been providing innovative solutions to the industry for over 30 years.
Global Maritime Consultancy & Engineering, a provider of marine warranty, dynamic positioning and engineering services to the offshore sector, has been awarded a Master Services Agreement (MSA) by Norwegian operator Statoil. Services covered in the global agreement include platform technology studies; safety studies; marine verification; and warranty surveys.
The MSA replaces several previous frame agreements between Statoil and Global Maritime.
Photo courtesy: Global Maritime
David Sutton, CEO of Global Maritime Consultancy & Engineering, said: “This is an endorsement of the work Global Maritime has carried out for Statoil over the last few years. It is also testament to the strength of our relationship, and our focus on innovation, operational excellence and delivery.”
He continues: We look forward to continuing to leverage our global knowledge and expertise to provide Statoil with the best possible service.”
Global Maritime has a longstanding relationship with Statoil and has provided services on many of the operator’s fields on the Norwegian Continental Shelf (NCS) and globally. The most recent work was the successful disconnection and towing of the Njord A semi-submersible floating production platform from the Njord field to an onshore maintenance facility. Other recent projects include Marine Warranty Surveys for the Hywind Scotland and Dudgeon Wind Farms.
Steen S. Karstensen joined the Group in 1986 and has had an impressive 30-year-career with the company in procurement, logistics, supply chain, in-house consultancy and other cross-functional areas. Currently Chief Procurement Officer, he is now appointed CEO of Maersk Supply Service with effect from 24 October.
Steen S. Karstensen
”Steen Karstensen is a widely respected leader who has built a strong global procurement organization serving all of Maersk's business units, generating significant savings. Additionally, he has been responsible for Maersk Oil Trading and Maersk Maritime Technology, which has given him in-depth exposure to also the Energy related aspects of the Maersk business model,” says Group Vice CEO Claus V. Hemmingsen who continues:
“In addition, Steen helped in creating Maersk Management Consulting from scratch, which has brought talent and new thinking to our businesses. I’m excited that he will now take on the challenge in heading Maersk Supply Service in their next chapter of the journey.”
Steen Karstensen’s previous role in Group Procurement included overseeing Maersk Maritime Technology, Maersk Oil Trading and Maersk Management Consulting. These areas combine a workforce of over 800 professionals globally, located in 20 different countries.
“I’m excited to take on this new role. Maersk Supply Service is currently operating in very tough markets, but nevertheless is well positioned to broaden its scope of operations,” Steen Karstensen says. “A strong balance sheet gives the business a position of strength, from which it can be part of the consolidation and restructuring that inevitably will take place in the industry.”
Jørn Madsen, former CEO of Maersk Supply Service, was recently announced CEO of Maersk Drilling. He will take on this role with effect 7 November.
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