Jeremy D. Thigpen will resign as senior vice president and CFO of National Oilwell Varco Inc. (NYSE: NOV), the company said April 21. He will become CEO of Transocean Ltd. (NYSE: RIG), the company added.
Thigpen became CFO in 2012. He has been with the company 18 years.
Previously he was president for downhole pumping and solutions from 2007 to 2012. He also had been president of downhole tools group from 2003 to 2007.
The Houston-based multinational oil company will search for a new CFO. Scott K. Duff was appointed interim CFO, effective immediately. He is currently vice president and chief accounting officer at NOV.
Duff joined NOV in 2004, and previously worked in accounting at KPMG, Ernst & Young, and SBC. He has been vice president and chief accounting officer since 2014. Since 2005, he had been vice president of internal audit.
Duff has a bachelor’s of business administration from the University of Texas at San Antonio and is a certified public accountant.
Recommended Reading
FERC Says 32 Bcf/d in US LNG Capacity Approved, Not Yet Built
2024-01-29 - The FERC—which has jurisdiction over the siting, construction and operation of LNG export facilities in the U.S.—reported that 18 projects worth 32 Bcf/d of export capacity have obtained approval but are yet to be built.
US Decision on Venezuelan License to Dictate Production Flow
2024-04-05 - The outlook for Venezuela’s oil industry appears uncertain, Rystad Energy said April 4 in a research report, as a license issued by the U.S. Office of Assets Control (OFAC) is set to expire on April 18.
US Orders Most Companies to Wind Down Operations in Venezuela by May
2024-04-17 - The U.S. Office of Foreign Assets Control issued a new license related to Venezuela that gives companies until the end of May to wind down operations following a lack of progress on national elections.
New BOEM Regulations Raise Industry Decommissioning Obligations by $6.9B
2024-04-15 - Under new regulations, the Bureau of Ocean Energy Management estimates the oil and gas industry will be required to provide an additional $6.9 billion in new financial assurances to cover industry decommissioning costs.
Everywhere All at Once: Woodside CEO Touts Current Global Portfolio
2024-03-05 - Meg O’Neill, the CEO of Australian energy giant Woodside Energy, is overseeing the “next wave” of growth projects around the globe, including developments in the Gulf of Mexico, offshore Senegal and further LNG expansion.