After 15 years at the helm of Diamond Offshore Drilling, President and CEO Lawrence Dickerson has decided to call it a day.
“I have been privileged to lead this great company,” Mr. Dickerson said in a statement on his company’s website. “Our achievements reflect the contributions of a great many men and women, and I believe that after 34 years at Diamond and 15 as President, it is time to pass the reins to a new generation. I am especially proud of our safety achievements in recent years. I look forward to working with my colleagues, the board, and our customers during this transition.”
Diamond Offshore plans to have a new CEO in place by the end of March 2014, Mr. Dickerson will remain in place until that time.
Diamond Offshore’s drilling fleet consists of 30 semisubmersibles, seven jack-ups, and one drillship. In addition, the company has four ultra-deepwater drillships and three deepwater semisubmersibles under construction.
W&T Offshore, an independent driller operating in the U.S. Gulf of Mexico, has asked a federal judge to block insurance companies' demands for $250 million in additional collateral for taking apart old oil infrastructure.
Europe is starting to find the limit of a decades-long boom in offshore wind.
It can be seen most acutely in the places that have been quickest to build capacity. Countries like Denmark and Sweden are beginning to hit a wall as power prices and incentives drop too low to make building projects worth it. The latest example is a Danish government auction for offshore wind that failed to attract any bids.
British oil and gas major Shell on Tuesday settled a London lawsuit it brought against environmental group Greenpeace after activists boarded a Shell oil production vessel last year.
December 10, 2024
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