Reef Subsea Headed by New CEO

MarineLink.com
Friday, June 07, 2013
Duncan Macpherson

Reef Subsea today announced that it will undergo a strategic group-wide restructure. Duncan Macpherson, who previously held the role of Managing Director of Reef Subsea Norway, has been promoted as the CEO of Reef Subseawith the responsibility of implementing the new strategy.

Reef Subsea offers a powerful combination of integrated subsea services to the oil and gas and offshore renewables markets. Over the past six months, Reef Subsea has launched a project based operation in West Africa, with two vessels now operating in the region. Meanwhile, the business has secured a contract for the full seismic installation of the Grane field offshore Norway and continues to execute the inter-array power cable installation on the Gwynt y Môr Offshore Wind Farm.

Initiated by Reef Subsea’s owners and Board of Directors, the strategic restructure will ensure Reef Subsea remains focused on existing and future customer needs to become even more competitive within its core markets.

A more global operation requires a simplified structure to ensure a unified way of working across the group. It will bring together the Power & Umbilical and IMR & Construction divisions to form one vessel services division which can share the exceptional pool of engineering talent, whilst the Dredging & Excavation division will be strengthened to better support its worldwide operations.

The reorganization will create the need to recruit a number of senior positions in the group, including a Chief Operating Officer and a Chief Commercial Officer. Both positions will be fundamental in developing the business further and will offer exciting opportunities for senior executives in the industry.

As part of the new strategy, Reef Subsea also announced that it will no longer take delivery of the newbuild MT 6022 MkII design vessel from Olympic Shipping, originally planned for delivery Q3 2013. Reef Subsea will now look to place a commitment on a similar capability vessel for delivery during 2014. The timing of this new commitment will be aligned with the delivery of the reorganization process, whilst suiting the demand Reef Subsea sees from the Subsea market in the years ahead.

Reef Subsea said its major shareholders, HitecVision and GC Rieber Shipping will continue to support the company in its further growth plans.

www.reefsubsea.com
 

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Kongsberg Expands Louisiana Office, Training Facility

Kongsberg Maritime has purchased approximately 5.2 acres for new construction on an 82,980 sq ft office and training facility. Construction on the James Business

HII Acquires Engineering Solutions Division

Huntington Ingalls Industries (HII) has acquired the Engineering Solutions Division of The Columbia Group, a designer and builder of unmanned underwater vehicles

Sjo Resigns from Polarcus Board of Directors

Polarcus Limited announced that Hege Sjo will resign from its board of directors effective February 2, 2015.   Sjo has accepted an appointment as Deputy Director

Offshore Energy

BOEM Issues Supplemental Environmental Impact Statement

The U.S. Department of the Interior, Bureau of Ocean Energy Management (BOEM), announces the availability of the Draft Supplemental Environmental Impact Statement

Europe's Offshore Wind Capacity Growing

New capacity edges down 5 pct from record 2013; industry body forecasts stable growth over 2015/6. Europe's offshore wind capacity kept up a steady rate of growth

Shell: UK Should Reduce North Sea Oil Tax

The British government should review a supplementary tax charge on North Sea oil producers as it has made the operation of some fields unrealistic, Shell Chief

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Pod Propulsion Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2547 sec (4 req/sec)