BOURBON: Evolution in the General Management composition
PARIS, Jan. 7, 2016 (GLOBE NEWSWIRE) --
Evolution in the General Management composition of BOURBON
The Board of Directors of BOURBON, having met on January 5, 2016, announces the end of the mandate of Nicolas Malgrain as Executive Vice-President, Chief Financial Officer. This mandate had taken effect on December 1, 2014.
The General Management of the company will continue to be lead by the Chief Executive Officer, Christian Lefèvre and the Executive Vice-President, Chief Operating Officer, Gaël Bodénès. They will be assisted by Géraldine Vitte-Roussel, Financial Director and Lilian Genevet, Assets, Treasury and Financing Director. The Chairman will continue to contribute to strategy and financial communication.
Among the market leaders in marine services for offshore oil & gas, BOURBON offers the most demanding oil & gas companies a wide range of marine services, both surface and sub-surface, for offshore oil & gas fields and wind farms. These extensive services rely on a broad range of the latest-generation vessels and the expertise of almost 12,000 skilled employees. Through its 29 operating subsidiaries the group provides local services as close as possible to customers and their operations throughout the world, of the highest standards of service and safety.
BOURBON provides two operating Activities (Marine Services and Subsea Services) and also protects the French coastline for the French Navy.
In 2014, BOURBON'S revenue came to €1,346.4 million and the company operated a fleet of 507 vessels as of September 30, 2015.
Placed by ICB (Industry Classification Benchmark) in the "Oil Services" sector, BOURBON is listed on the Euronext Paris, Compartment A.
Hedging programs that E&Ps have in place in 2016 vary considerably. The chart below shows the range of oil and gas production for several E&Ps covered by hedging contracts. Pioneer Natural Resources (ticker: PXD) and Cimarex Energy (ticker: XEC) have hedged the largest portions of their remaining production at 85/75 and 80/90 percent, respectively, for oil and gas. This chart[Read More…]
Oil & Gas 360® c/o EnerCom, Inc.
800 18th Street
Denver, CO 80202
Advertise on OAG360
OAG360 has multiple advertising opportunities. Reach your investors/buyers by advertising on the website, eMail campaigns, webcasts and videos.