Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2014-10-16 21:25:00



BG Group Plc (BG/) appointed Statoil ASA (STL)'s Helge Lund as chief executive officer, ending a leadership crisis at the U.K.'s third-largest oil and gas producer.

Lund, 51, who led Norway's state-controlled oil company for 10 years, will start next March and become Europe's best-paid oil-company boss with a compensation that could reach 14 million pounds ($22.3 million), BG said. He left Statoil with immediate effect, and marketing chief Eldar Saetre will serve as interim CEO, the Stavanger-based company said.

By poaching Lund, BG has brought in one of the industry's most seasoned executives to take control after a turbulent period. Forged from the exploration arm of Britain's former gas monopoly, BG was led for more than a decade by Frank Chapman, who retired at the end of 2012. His successor Chris Finlayson lasted little more than a year, quitting in March after production growth missed targets amid arguments with the board over the pace of asset disposals.

"Few will disagree that this is a great appointment from BG," analysts at Bernstein Research, led by Oswald Clint, said in a note today. "Boasting experience in deepwater, gas markets and clear value over volume focus, he fits the requirements."

'Exciting Job'

Lund's challenges at BG, where the stock has dropped 35 percent from 2011's record, valuing the company at almost three-quarters of Statoil's $74.3 billion market capitalization, include overseeing the start of an LNG export project in Australia, the development of offshore fields in Brazil and the possible sale of assets in the U.K.'s North Sea. "I'm not driven by whether a company is big or small, but more by the content of the challenges and how exciting the job is," Lund said. "I'm looking forward to take up that challenge." He declined to comment on his salary or BG's operations in an interview in Oslo.

Shares in BG, based in Reading, England, fell 1 percent to 1,015 pence in London. Statoil fell 2.9 percent in Oslo, the most in five months.

The arrival of a heavyweight CEO may also help to stem takeover chatter around BG, heightened by the sudden departure of Finlayson. BG's prospects for production growth have led to speculation the company could be a target for larger competitors seeking to boost output as existing fields decline

Ideally Suited

"Helge is ideally suited to lead BG Group in the next phase of its growth," said Andrew Gould, chairman of BG Group, who's been running the company day-to-day since Finlayson left. "Helge's track record speaks for itself. He has built a world-class exploration and production portfolio at Statoil."

Lund has been CEO at Statoil since 2004, joining the company after it had been involved in a bribery probe in Iran. He oversaw Statoil's merger with Norsk Hydro ASA (NHY)'s oil and gas assets, reinforcing the company's domination of Norway's petroleum industry.

Even as Statoil remains the operator of more than 70 percent of the Nordic country's oil and gas production, it expanded abroad under Lund's leadership. Statoil has increased its exposure to countries from Brazil to Tanzania, and placed a significant bet on U.S. shale oil and gas, buying Brigham Exploration Co. for $4.4 billion in 2011.

More recently, Lund has been the architect of a sweeping efficiency and streamlining program set in motion earlier this year to raise shareholder returns as Statoil confronts cost and energy-price challenges afflicting the whole industry. Statoil, 67 percent owned by the state, scrapped production-growth targets and cut spending plans through 2016 while preparing larger cuts for the years ahead.

More Oil

Statoil has also sold off assets for more than $22 billion since 2010, including its retail business, as the company has focused its activities on upstream operations. Lund oversaw a series of exploration successes, with Statoil finding more conventional oil and gas than any rival in 2013.

Before joining Statoil, Lund was CEO of offshore-engineering company Aker Kvaerner ASA. A former consultant at McKinsey & Co., he has also been a political adviser to the parliamentary group of Norway's governing Conservative Party.

"There comes a time for leaders when it's right to move on -- not only for themselves, but also for the organization they lead," Lund said at a press conference in Oslo. "I still have enough motivation, involvement, energy and drive. But for Statoil, I think renewal can be right and important."




2018, February, 16, 23:15:00


AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

2018, February, 16, 23:10:00


TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

2018, February, 16, 23:05:00


ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

2018, February, 16, 23:00:00


FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

All Publications »