Seeking work: Subsea 7 in US waters
Subsea 7 wins in GOM
16 June 2014 06:28 GMT
01 July 2014 07:12 GMT
The UK-based player is required to reduce the number of US nationals on its board from three to one as foreign companies working off the US cannot be controlled by a majority of US citizens.
As a result, US citizens Robert Long and Allen Stevens have agreed to resign as directors with immediate effect, while retaining committee positions at the company.
Your message has been sent
E-mail this to a friend.
Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.
Already a member?
News from other NHST publications
All material published in the newspaper and on upstreamonline.com are Upstream's copyrighted material. Redistribution of any kind without a prior written permission of Upstream (including but not restricted to, redistribution by e-mail, publishing in part on your company's Intranet and publishing on Internet) of any material published by Upstream, will violate Upstream's copyright, and is prohibited by law. You may, however, download material from Upstream for your own personal use.
To protect your subscription investment, we've instituted a security system to protect against the electronic redistribution of copyrighted Upstream Online content.