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Trump administration begins formal US withdrawal from Paris climate agreement

Trump administration begins formal US withdrawal from Paris climate agreement

Los Angeles Times


The Trump administration gave official notice Monday that it will pull the United States out of the Paris climate accord, a long anticipated move and a significant step in America’s retreat as an environmental leader.

Trump administration begins formal U.S. withdrawal from Paris climate agreement - oil and gas 360

Despite the …

November 5, 2019 - 8:00 am Closing Bell Story‎, Energy News, People, Politics & Opinions
Source: Houston Chronicle

Kinder Morgan stock shoots up after co-founder buys $6 million of shares

Source: Houston Chronicle


Stock prices for Houston pipeline company Kinder Morgan shot up on Friday following news that ones its co-founder bought hundreds of thousands of shares.

In a Friday morning filing with the U.S. Securities and Exchange Commission, Kinder …

Source: Houston Chronicle

Cheniere executive put on ‘garden leave’ ahead of exiting company

Source: Houston Chronicle


One of the top executives for Houston liquefied natural gas company Cheniere Energy is being placed on “garden leave” some three months before he leaves the company.

In a Friday afternoon filing with the U.S. Securities and …

People on the move: PetroTal names new CFO

People on the move: PetroTal names new CFO

PetroTal Enhances Financial Leadership

PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (“PetroTal” or the “Company“) is pleased to announce the addition of Mr. Douglas Urch, a seasoned financial executive, as Executive Vice President and Chief Financial Officer …

Drilling ban proposals divide Democrats in U.S. oil states

Drilling ban proposals divide Democrats in U.S. oil states

Source: Reuters


CARLSBAD, New Mexico (Reuters) – In the southeast corner of New Mexico, new houses, hotels and jobs are sprouting like flowers in the desert. Trucks hauling equipment and laborers jam once-barren highways on the way to thousands of …

Apache at crossroads as it pins hopes on Suriname offshore field

Apache at crossroads as it pins hopes on Suriname offshore field

Houston’s Apache Corp. is seemingly at a crossroads with the abrupt departure of its exploration chief, mounting financial losses, declining activity in its prized Alpine High discovery in West Texas, and future hopes pegged to striking it big offshore of …

People on the move: Gary R. Heminger to retire from Marathon Petroleum

People on the move: Gary R. Heminger to retire from Marathon Petroleum

Gary R. Heminger Announces Plan To Retire From Marathon Petroleum In 2020 After 45 Years

People on the move: Gary R. Heminger to retire from Marathon Petroleum - oil and gas 360

Gary R. Heminger, Chairman and Chief Executive Officer of Marathon Petroleum Corporation (NYSE: MPC), today announced his plan to retire from MPC, where he has …

Tillerson rejects NY claim that Exxon’s climate plan was fake

Tillerson rejects NY claim that Exxon’s climate plan was fake

Former Exxon Mobil Corp. Chief Executive Officer Rex Tillerson rejected the New York attorney general’s claim that for years he spearheaded a secret scheme to defraud investors by lying about how the oil company planned for the financial risks of …

Former Exxon Mobil CEO and former U.S. Secretary of State Rex Tillerson arrives at New York State Supreme Court as an Exxon witness to testify as part of a trial in a lawsuit by New York's attorney general accusing the oil company of misleading investors about the risks of climate change regulations to its business in Manhattan, New York, U.S., October 30, 2019. REUTERS/Mike Segar

Former Exxon chief Rex Tillerson to testify in climate change fraud trial

Reuters


Former Exxon Mobil Corp Chief Executive Rex Tillerson is expected to take the stand on Wednesday in a closely watched civil lawsuit accusing the company of hiding the true cost of climate change from investors.

The case in Manhattan …

Source: Reuters

Big Oil seeks refuge in Brazil from Latam regional turmoil

Source: Reuters


RIO DE JANEIRO/MEXICO CITY (Reuters) – When executives arrive in Rio de Janeiro this week for Brazil’s biennial Offshore Technology Conference, they will find themselves in Latin America’s most promising market for Big Oil by far. That marks …

People on the move: Jaggers and Whitham appointed to QEP board

People on the move: Jaggers and Whitham appointed to QEP board

QEP Resources Inc. appoints two independent directors to its board; Joseph N. Jaggers and Barth E. Whitham bring decades of industry experience to QEP

QEP Resources, Inc. (NYSE:QEP) (QEP or the Company) announced that it has appointed Joseph N. Jaggers …

Source: Reuters/Dennis Owen

Canada’s oil and gas sector wary of left-leaning parties in minority government

Source: Reuters


CALGARY, Alberta (Reuters) – Canada’s energy industry saw its worst-case election result materialize on Monday as the Liberals failed to secure a majority government, leaving them in need of support from left-leaning parties that are opposed to new …

Source: Houston Chronicle

Trump announces deputy energy secretary to replace Perry

Houston Chronicle:


President Donald Trump said Friday he would nominate Deputy Energy Secretary Dan Brouillette to helm the Department of Energy, following Rick Perry’s announcement he would resign by the end of the year.

“Rick was a great Governor of …

Source: Houston Chronicle

The late Aubrey McClendon’s Permian business merges with parent to avoid bankruptcy

Source: Houston Chronicle


The Permian Basin business of the late shale pioneer Aubrey McClendon merged its assets with its parent company to avoid bankruptcy for now.

Houston-based Permian Sable Resources said Friday it successfully merged its assets with its subsidiary …

Source: Reuters

Odds of strike rise as Bayway workers, Phillips 66 hit impasse

Source: Reuters


(Reuters) – Negotiations between Phillips 66 and the Teamsters Local 877, which represents workers at its 285,000-bpd Bayway refinery in Linden, New Jersey, have broken down, according to two sources familiar with the discussions, raising the possibility of …

Photo: Michael Wyke

Marathon Petroleum board, investors are said to discuss CEO

Source: Houston Chronicle


Marathon Petroleum Corp. board members are meeting this week with activist investors to discuss Chief Executive Officer Gary Heminger’s future and the company’s strategy amid calls to split up its businesses, according to people familiar with the …

October 18, 2019 - 8:59 am Closing Bell Story‎, Energy News, People
People on the move: Goodnight Midstream welcomes new CFO

People on the move: Goodnight Midstream welcomes new CFO

Goodnight Midstream Announces Ben Daitch as Chief Financial Officer

Goodnight Midstream, LLC (“Goodnight” or the “Company”), a leading oilfield water midstream company, announces the addition of Ben Daitch as its Chief Financial Officer. Mr. Daitch is an accomplished financial professional …

October 17, 2019 - 7:45 am Closing Bell Story‎, Midstream, People
People on the move: Steven J. Shapiro appointed to Centennial Resources Dev board

People on the move: Steven J. Shapiro appointed to Centennial Resources Dev board

Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that Steven J. Shapiro has been appointed to its Board of Directors, effective immediately. Mr. Shapiro will serve as a member of the Audit and Compensation Committees.

People on the Move: Steven J. Shapiro appointed to Centennial Resources Dev board - oil and gas 360

“We …

Source: Reuters

Explainer: Translating TOR – How Brazil’s $26 billion oil rights auction works

Source: Reuters


RIO DE JANEIRO (Reuters) – Brazil’s Senate passed the main text of a bill late on Tuesday defining the distribution of proceeds from a blockbuster auction of oil prospecting rights, a key milestone for the enormous offshore region …

October 16, 2019 - 12:45 pm Closing Bell Story‎, Energy News, International, People
Trump says US has come to a substantial phase one deal with China

Trump says US has come to a substantial phase one deal with China

Source: CNBC


The U.S. has come to a “very substantial phase one deal” with China in the high-stakes trade negotiations between the two economic superpowers, President Donald Trump said Friday.

“Phase two will start almost immediately” after the first phase …

October 11, 2019 - 3:00 pm China, Closing Bell Story‎, Economy, International, People
Energy Secretary Rick Perry hit with subpoena in Trump impeachment probe

Energy Secretary Rick Perry hit with subpoena in Trump impeachment probe

Source: CNBC


House Democrats issued a subpoena to Energy Secretary Rick Perry on Thursday, the latest salvo in the party’s impeachment probe into whether President Donald Trump abused his power through his interactions with the leadership of Ukraine.

The subpoena …

October 10, 2019 - 3:45 pm Closing Bell Story‎, Energy News, People, Politics & Opinions
People on the move: Antero Resources makes board appointments

People on the move: Antero Resources makes board appointments

Antero Resources Appointments Vicky Sutil and Tom Tyree to the Board of Directors

Antero Resources Corporation (NYSE: AR) (“Antero Resources” or the “Company”) today announced that Vicky Sutil and Tom Tyree have been appointed to its board of directors (the …

October 8, 2019 - 11:43 am Closing Bell Story‎, People
Demonstrators gather at a protest during a curfew, three days after the nationwide anti-government protests turned violent, in Baghdad, Iraq October 4, 2019. REUTERS/Alaa al-Marjani

Uprising grips Iraq, 65 killed in protests against government corruption

Source: Reuters


Police snipers fired at demonstrators in Baghdad on Friday as the death toll rose to 65 people in three days of violent national protests against government corruption.

Prime Minister Adel Abdul Mahdi called for calm as more than …

People on the move: New CEO named at BP

People on the move: New CEO named at BP

The Board of BP announced today that, after a 40-year career with BP and over nine years as group chief executive, Bob Dudley, 64, has decided to step down as group chief executive and from the BP Board following delivery …

October 4, 2019 - 10:53 am Closing Bell Story‎, Energy News, People
Valeura Energy Inc. (CNW Group/Valeura Energy Inc.)

People on the move: New COO at Valeura Energy

Valeura Energy Inc. (TSX:VLE)(LSE:VLU) (“Valeura” or the “Company“), the upstream natural gas producer focused on appraising and developing an unconventional gas accumulation play in the Thrace Basin of Turkey in partnership with Equinor, announces that Lyle …

October 4, 2019 - 9:00 am Canada News, Closing Bell Story‎, International, People
People on the move: New COO at Gran Tierra Energy

People on the move: New COO at Gran Tierra Energy

Gran Tierra Energy Inc(“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) is pleased to announce the appointment of Mr. Tony Berthelet as Chief Operating Officer (“COO”). Mr. Berthelet is a Professional Engineer with over 20 years of …

October 4, 2019 - 8:21 am Canada News, Closing Bell Story‎, International, People
Mike Wirth, chairman and chief executive officer of Chevron Corp., speaks during the 2019 CERAWeek by IHS Markit conference in Houston, Texas, U.S., on Tuesday, March 12, 2019. The program provides comprehensive insight into the global and regional energy future by addressing key issues from markets and geopolitics to technology, project costs, energy and the environment, finance, operational excellence and cyber risks. Photographer: F. Carter Smith/Bloomberg

Chevron announces new oil and gas emission reduction goals

Source: Houston Chronicle


Chevron said Thursday it will adopt new goals to reduce its greenhouse gas emissions from its oil and gas production by 2023.

The California-based energy major aims to cut its emissions from crude oil production by 5-10 …

Executive Leadership announced for C&J Energy Services and Keane

Executive Leadership announced for C&J Energy Services and Keane

C&J Energy Services (“C&J”) (NYSE: CJ) and Keane Group, Inc. (“Keane”) (NYSE: FRAC) today announced the future executive leadership team of the combined company effective upon completing their pending merger of equals.

Executive Leadership announced for C&J Energy Services and Keane - oil and gas 360

“This announcement is another important step forward in …

October 3, 2019 - 8:58 am Closing Bell Story‎, Oilfield Services, People
Source Reuters

BP Chief Executive Dudley confirms plan to step down next year

From Reuters


BP (BP.L) Chief Executive Officer Bob Dudley said on Wednesday he plans to step down next year following a tumultuous decade at the helm of the oil and gas company.

Dudley, who turned 64 last month, …

New CEO at Laredo Petroleum

New CEO at Laredo Petroleum

Laredo Petroleum Announces Jason Pigott to Succeed Randy A. Foutch as Chief Executive Officer on October 1

Laredo Petroleum Announces Jason Pigott to Succeed Randy A. Foutch as Chief Executive Officer on October 1 - oil and gas 360

Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or “the Company”) today announced, as part of the previously discussed comprehensive succession planning process, that Jason …

September 27, 2019 - 11:15 am Closing Bell Story‎, Exploration and Production (E&P), People