Subsea 7 on Sept. 10 said that Jean Cahuzac will retire from his position as CEO at the end of this year, and will be succeeded on January 1, 2020 by John Evans, who is currently COO.
Jean Cahuzac has been in the industry for 41 years and CEO for Subsea 7 since 2008, having previously worked for Transocean and Schlumberger. Following his retirement as CEO, Jean will continue as a non-executive director of the company.
John Evans has been COO of Subsea 7 since he joined the company in 2005 and has over 30 years’ experience in the Offshore Energy Services industry. John previously worked for KBR in a number of general management, commercial and operational roles.
“The Board would like to thank Jean for his leadership over many years and the valuable contribution that he has made to the Company. We are fortunate that John Evans, who has a deep understanding of the business and a wealth of experience, will succeed Jean as CEO and the Board looks forward to working directly with him,” Kristian Siem, Subsea 7’s chairman of the board, said.
Drillers cut 14 oil rigs in the week to Sept. 20, bringing down the total count to 719, Baker Hughes, a GE company, said in its weekly report.
The Vaca Muerta Formation in the Neuquén Basin has technically recoverable resources of 308 trillion cubic feet of natural gas and 16 billion barrels of oil and condensate, according to the U.S. Energy Information Administration.
An Eagle Ford discovery by Chesapeake, high-volume Haynesville completions and Exxon Mobil’s latest offshore discovery top this week’s drilling activity highlights from around the world.