Court-Appointed Administrators Take Over at Oilexco North Sea

Following the Company's announcement of December 31, 2008, Oilexco announced that its wholly-owned subsidiary Oilexco North Sea Limited was subject to an order from the court appointing four administrators from Ernst and Young to take over the function of the Board of Directors.

Oilexco North Sea Limited's operations will continue to be conducted in a safe and orderly manner.

Oilexco has been advised by the administrators of their intention to retain Morgan Stanley and Co. Limited to continue with the process of the sale of the assets of the North Sea Company.
 

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Instrumentation & Electrical Project Estimator
Expertise: Electrician|Estimating|Project Management
Location: Spring, TX
 
Manual Machinist
Expertise: Hydraulic & Pneumatic|Mechanical Engineering|Technical Manager
Location: Tampa, FL
 
Sr Recruiter - Geoscience, HSE, Regulatory, Supply Chain
Expertise: HR - General|HR - Recruitment
Location: The Woodlands, TX
 
search for more jobs

Brent Crude Oil : $53.96/BBL 0.35%
Light Crude Oil : $51.36/BBL 0.21%
Natural Gas : $3.209/MMBtu 0.34%
Updated in last 24 hours