Ørsted CEO Poulsen to Step Down
Ørsted Chief Executive Henrik Poulsen has resigned after eight years at the helm of the Danish offshore wind farm developer, the company said on Monday.Poulsen, who became Ørsted CEO in 2012, spearheaded the group's transformation from a diversified utility with oil and gas activities into the world's s biggest developer of offshore wind farms."We regret his decision to resign as CEO of Ørsted, but we, of course, respect his wish to free up more time for other activities," board…
LR Awards First Technology Qualification for Ocean Energy
Innovative renewable technology gives confidence to a new form of approved ocean energy power generation. Following more than two years of cooperation, Lloyd’s Register has awarded its first Technology Qualification certificate to a developer of ocean energy technology, AW-Energy in Finland. The Technology Qualification certificate was presented in person by the Chairman of Lloyd’s Register, Thomas Thune Andersen, to the CEO of AW-Energy, John Liljelund, and in the presence of the British Ambassador to Denmark, HE Ms. Vivien Life, at the British Embassy in Copenhagen on Tuesday, July 12.
DONG Energy Listing to Value Group at up to $16 Bln
DONG Energy's has set a potential $16 billion price tag on its stock market debut, giving investors a chance to buy into the growth in offshore wind power, but also into a business heavily reliant on government subsidies. State-controlled DONG Energy on Thursday set a price range for its initial public offering at 200 Danish crowns to 255 crowns per share. This would give the group a market value of 83.5 billion to 106.5 billion Danish crowns ($12.6-16.0 billion), potentially making it the Europe's biggest IPO this year.
Norman Murray, Petrofac Chairman Quits
Petrofac, the international oil & gas facilities service provider, today announces that Norman Murray, who has been Chairman since May 2011, has resigned from the Board and will step down as Chairman with immediate effect for compassionate reasons. Senior Independent Director, Rijnhard van Tets, will assume the role of Chairman with effect from today. Rijnhard was appointed as a Non-executive Director in May 2007 and became Senior Independent Director in May 2011. Non-executive Director, Thomas Thune Andersen, will become Senior Independent Director.
