Gary Chapman is resigning from his roles as CEO and CFO from KNOT Offshore Partners. (Source: Shutterstock)
KNOT Offshore Partners LP CEO and CFO Gary Chapman intends to resign from his roles at the firm in order to pursue an opportunity outside of the shuttle tanker sector, according to an April 10 press release.
Chapman will remain available to assist the partnership in his current roles for up to six months while the firm appoints a successor and transitions into the role.
Trygve Seglem, board chairman, thanked Chapman for his leadership “through a challenging transitional period for the Partnership and the shuttle tanker industry.”
KNOT Offshore Partners LP owns, operates and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of the North Sea and Brazil. The company is a publicly traded MLP classified as a corporation for U.S. federal income tax purposes.
Recommended Reading
Valeura Boosts Production, Finds New Targets in Gulf of Thailand
2025-03-03 - Valeura Energy Inc. has boosted production after drilling three development wells and two appraisal wells in the Gulf of Thailand.
Judgment Call: Ranking the Haynesville Shale’s Top E&P Producers
2025-03-03 - Companies such as Comstock Resources and Expand Energy topped rankings, based on the greatest productivity per lateral foot and other metrics— and depending on who did the scoring.
Baker Hughes, Frontier Form CCS, Powergen Partnership
2025-03-03 - Baker Hughes will provide technology solutions to support the Sweetwater Carbon Storage Hub being developed by Frontier Infrastructure in Wyoming.
US Drillers Add Oil, Gas Rigs for Fifth Week in a Row
2025-02-28 - The oil and gas rig count rose by one to 593 in the week to February 28, its highest since June.
BKV Positions Itself to Meet Growing Power, CCS Demand
2025-02-26 - Electricity needs across the U.S. are expected to soar as industrial and manufacturing facilities, data centers and other consumers crave more power. BKV is exploring ways to bridge the gap between demand and energy supply.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.