After previously announcing several new leadership changes in May 2022, Valaris Ltd.'s Matt Lyne commenced his new role as chief commercial officer on Sept. 26, according to a company press announcement.
“I am pleased to welcome Matt to the Valaris Executive Management Committee at an exciting time for our business," president and CEO Anton Dibowitz commented in the release.
"Valaris has significant operating leverage to the improving market, and Matt’s deep industry experience will be critical in helping us to exercise this leverage in a disciplined manner that generates meaningful returns for our shareholders.”
RELATED
Valaris Appoints New Members to Executive Leadership Committee
With over 20 years of offshore drilling experience, Lyne served in senior marketing and commercial roles at Houston-based drilling contractor Seadrill prior to Valaris, most recently serving as chief commercial and strategy officer. Additionally, he previously held several senior operational and functional roles at offshore drilling contractor Transocean.
Dibowitz also revealed that Christophe Raimbault, who previously served as vice president and interim head of marketing, will begin his new role as vice president of sustainability and new energy.
“Christophe will drive further momentum behind our commitment to reduce emissions from our operations and partner with our customers to support their ESG efforts, as well as identify and progress opportunities within the new energy arena,” he added.
Recommended Reading
What's Affecting Oil Prices This Week? (April 22, 2024)
2024-04-22 - Stratas Advisors predict that despite geopolitical tensions, the oil supply will not be disrupted, even with the U.S. House of Representatives inserting sanctions on Iran’s oil exports.
US Gulf Coast Heavy Crude Oil Prices Firm as Supplies Tighten
2024-04-10 - Pushing up heavy crude prices are falling oil exports from Mexico, the potential for resumption of sanctions on Venezuelan crude, the imminent startup of a Canadian pipeline and continued output cuts by OPEC+.
What's Affecting Oil Prices This Week? (March 11, 2024)
2024-03-11 - Stratas Advisors expects oil prices to move higher in the middle of the year, but for the upcoming week, there is no impetus for prices to raise.
Oil Broadly Steady After Surprise US Crude Stock Drop
2024-03-21 - Stockpiles unexpectedly declined by 2 MMbbl to 445 MMbbl in the week ended March 15, as exports rose and refiners continued to increase activity.
Oil Dips as Demand Outlook Remains Uncertain
2024-02-20 - Oil prices fell on Feb. 20 with an uncertain outlook for global demand knocking value off crude futures contracts.