Richard Matthews and Derek Wheatley have been named co-heads of Canada for Tudor, Pickering, Holt & Co. Securities-Canada. Source: News
Al Kaabi becomes UAE’s OPEC governor
Ahmed Mohammed Al Kaabi has been named UAE’s governor for the Organization of Petroleum Exporting Countries (OPEC). Source: News
Book examines links between energy, North American economic growth
More closely coordinated Canadian, Mexican, and US government policies may have a bigger impact than energy technology breakthroughs on North America’s future economic growth, speakers generally agreed May 10 during a discussion at the Woodrow Wilson International Center for Scholars. Global market integration potentially could be more beneficial than exploiting regional advantages caused by lower […]
Avdeev named CFO for DEA Deutsche Erdoel
Dmitry Avdeev has been named chief financial officer for DEA Deutsche Erdoel AG, Hamburg, effective Aug. 1. Source: News
Chaparral Energy files For Chapter 11 protection
Midcontinent independent Chaparral Energy LLC, Oklahoma City, reported it has voluntarily filed petitions for relief under Chapter 11 of the US Bankruptcy Code in the US Bankruptcy Court of Delaware. Source: News
EIA revises inventory build forecasts downward
In its Short-Term Energy Outlook for May, the US Energy Information Administration estimates that global petroleum and other liquid fuels inventory builds will average 1 million b/d in 2016 and 200,000 b/d in 2017 compared with the average of 1.4 million b/d in 2016 and 400,000 b/d in 2017 forecast in last month’s STEO. […]
Chinese refiner confirms first commercial use of new process technology
Sinopec Yangzi Petrochemical Co. Ltd., a wholly owned subsidiary of China Petroleum & Chemical Corp. (Sinopec), has commissioned a new processing unit to boost production of light olefins and aromatics at its integrated refining and petrochemical complex in Nanjing, Jiangsu Province, China. Source: News
BOEM to take comments on proposed offshore air rule for 14 more days
The US Bureau of Ocean Energy Management extended by 2 weeks the comment period for its proposed air-quality regulations for offshore oil and gas operations on May 6. The US Department of the Interior agency said it would accept comments for 60 days when it initially proposed the requirements in March (OGJ Online, Mar. 18, […]
MARKET WATCH: Oil prices fall on reports of slowing in spread of Canadian wildfires
Light, sweet crude prices settled below $44/bbl on the New York market on May 9, down more than $1/bbl on reports that the spread of Canada’s wildfires has slowed and the blaze has moved away from key oil sand production areas, at least for now. Source: News
Hearne, Krzywosinski to take new posts at Chevron
Nigel Hearne, deputy managing director of Chevron Australia Pty. Ltd. and its Australasia business unit (ABU), will become managing director of ABU on June 1. He will report to Steve W. Green, president of Chevron Asia Pacific Exploration & Production. Source: News