Shuttle tanker proprietor KNOT Offshore Partners will appoint Derek Lowe as new Chief Executive Officer and Chief Financial Officer with impact from the week of September 11, 2023.
The new appointment comes following the choice of Gary Chapman to step down because the Partnership’s CEO/CFO introduced on April 10, 2023.
Lowe will be part of the KNOT Offshore Partners from Telford Offshore, a supplier of lodging, development, and pipelaying within the international offshore power companies business.
He has served because the Group Company Secretary of Telford Offshore since its formation in 2018, having supplied consultancy companies to its predecessor since 2015.
He labored from 2011 to 2015 for the debt capital markets group of Pareto Securities, and from 1994 to 2010 for the fairness capital markets group of UBS. Mr. Lowe holds a level in Mathematics from Oxford University.
KNOT Offshore Partners LP owns, operates, and acquires shuttle tankers primarily underneath long-term charters within the offshore oil manufacturing areas of the North Sea and Brazil. KNOT Offshore’s tankers sometimes shuttle oil from offshore installations to onshore services in a lot the identical approach a pipeline would transport oil alongside the ocean flooring.
