Proserv Completes Financial Restructuring
Energy services company Proserv announced the completion of its financial restructuring.Through a debt-for-equity exchange and injection of a $50 million investment, the company’s two largest lenders - KKR and funds managed by Oaktree Capital Management, L.P. - will become owners of the company. Proserv said it emerges substantially debt-free and with a well-capitalized balance sheet, enabling it to provide strong, life-of-field support to its global customers. In the first four months of 2018…
Young Tapped as CTO at JDR
JDR said that James Young will take up the role of Chief Technology Officer with effect from 1st February 2016. In his prior role as Engineering Director, Young led the attraction and development of JDR's engineering talent for many years. The success of our Cambridge Research and Development site and our various engineering offices around the globe reflect James’ achievement in building our strong technical teams.
JDR Appoints Currie as CEO
JDR appointed David Currie as chief executive officer and a member of the board of directors, effective January 12, 2015. Currie brings to the position nearly 30 years’ experience in the global offshore energy industry, most recently the U.K. regional president for Aker Solutions. Previous to that, he spent the bulk of his career at FMC Technologies where he held a range of senior positions, the last of which was director of global subsea operations. Currie will focus on developing JDR’s commercial opportunities…
