Acteon Group Ltd., a leading global provider of marine and seabed services to the renewable, infrastructure and oil and gas industries, said May 27 that Dr. Carl Trowell is to be appointed as group CEO, succeeding Richard Higham.
Dr. Trowell has 25 years of experience in a wide range of roles across the energy sector. He joins Acteon from Ensco (now known as Valaris Plc), the publicly listed offshore drilling company, which he joined in 2014 as CEO and subsequently became executive chairman in 2019 following its merger with Rowan Companies and rebranding as Valaris. Prior to Ensco, Dr. Trowell worked for Schlumberger, one of the world’s leading oilfield services provides, holding a variety of leadership positions for 17 years including managing director for the North Sea region and global head of marketing and sales, before becoming president of both the production management and integrated project management divisions in 2009.
Dr. Trowell will join Acteon on June 1, 2020, with Richard stepping down as CEO after 30 years with the company. Higham will remain on the board of Acteon as a non-executive director and senior advisor.
“We are delighted to welcome Carl to Acteon and look forward to working with him. The company will benefit significantly from his deep sector knowledge and track record in a range of leadership positions across the industry. We’d like to thank Richard for the incredible work he has done in growing Acteon over the years and we are pleased that the company will continue to benefit from his guidance and strategic counsel,” Ryan Miller, a KKR executive and Acteon board member, said.
Recommended Reading
Civitas Makes $300MM Midland Bolt-On, Plans to Sell D-J Assets
2025-02-25 - Civitas Resources is adding Midland Basin production and drilling locations for $300 million. To offset the purchase price, Civitas set a $300 million divestiture target “likely to come” from Colorado’s D-J Basin, executives said.
Occidental to Up Drilling in Permian Secondary Benches in ‘25
2025-02-20 - Occidental Petroleum is exploring upside in the Permian’s secondary benches, including deeper Delaware Wolfcamp zones and the Barnett Shale in the Midland Basin.
Six New Dean Wildcats Come With 95% Oil in Northern Midland Basin
2025-02-21 - SM Energy reported geologic variability in deposition in the new play in southern Dawson County, Texas, but “it's really competitive.”
SM’s First 18 Uinta Wells Outproducing Industry-Wide Midland, South Texas Results
2025-02-20 - Shallow tests came on with 685 boe/d, 95% oil, while deeper new wells averaged 1,366 boe/d, 92% oil, from two-mile laterals, SM Energy reported.
Coterra’s Rigs ‘Stay Camped Out’ in Delaware Basin Mega-DSU Drilling
2025-02-26 - With 57 wells already in one “row” development, Coterra Energy has 16 more underway, plus rigs at work on two more mega-DSU developments totaling 90 wells.