Italy's Eni Arrives Arctic as Shell Departs
As Shell retreats from the Arctic, the Italian oil giant Eni is making final preparations for its own oil exploration venture in the Norwegian Arctic, reports the Guardian. Eni has vowed to press ahead with oil production - a $5.5bn (£3.6bn) project - in the Norwegian Arctic. in the Arctic by the end of the year, undeterred by Shell’s decision to abandon its quest for Arctic oil. The project - Goliat - is set to become the world’s northernmost offshore oil field to come on stream, eventually pumping 100,000 barrels of oil per day from reserves believed to hold around 175m barrels of oil and 8bn cubic metres of gas. Goliat has been hit by several cost overruns and delays during construction, but Eni said last month it was only a few weeks away from starting production.
Dockwise Appoints Wit CFO
Dockwise Ltd. announces that its subsidiary Dockwise Shipping has appointed Peter Wit as its Chief Financial Officer, effective September 1 2009. Wit, who has a master degree in business administration from Groningen University, and a (post doctorate) degree in controlling from VU Amsterdam, will lead the company's global finance, legal and information technology departments. Wit has always been employed by Shell and is currently Chief Operations Officer and Finance manager of Shell Asset Management Company, Shell's $40b in-house pension asset management firm. Previously he worked for Shell a.o. as VP finance of Shell's Solar business, in corporate finance and as head of finance of Shell's Albanian oil exploration venture. (www.dockwise.com)
Dockwise ppoints Wit as CFO
Dockwise Ltd. announced that its subsidiary Dockwise Shipping has appointed Peter Wit as its Chief Financial Officer, effective September 1 2009. Peter Wit (1967), who has a master degree in business administration from , and a (post doctorate) degree in controlling from VU Amsterdam, will lead the company's global finance, legal and information technology departments. Mr. Wit has always been employed by Shell and is currently Chief Operations Officer and Finance manager of Shell Asset Management Company, Shell's $40 billion in-house pension asset management firm. Previously he worked for Shell a.o. as VP finance of Shell's Solar business, in corporate finance and as head of finance of Shell's Albanian oil exploration venture.
