People

Source: CNBC

Warren Buffett’s Berkshire Hathaway buys more Occidental Petroleum shares

CNBC


Warren Buffett’s Berkshire Hathaway added to its already large Occidental Petroleum stake over the past trading sessions, a regulatory filing revealed Tuesday evening.

 

The Omaha, Nebraska-based conglomerate bought nearly 5.8 million shares of the oil company in …

Source: CNBC

Oil producers in a ‘dire situation’ and unable to ramp up output, says Oxy CEO

CNBC


As oil prices surge to the highest levels since 2008, Occidental Petroleum CEO Vicki Hollub said U.S. producers cannot increase output right away.

 

“We’re in a really dire situation,” she said Tuesday at CERAWeek by S&P Global. “We’ve …

Source: Reuters

Shell CEO says cutting oil and gas production is “not healthy”

World Oil


(Bloomberg) – Shell Plc’s new boss said cutting oil and gas output would be bad for consumers, echoing a pivot by other major producers toward fossil fuels and energy security.

“I am of a firm view that …

Fortis Energy Services announces promotion of Adam Pomichowski to Vice President Finance & Strategy

Fortis Energy Services announces promotion of Adam Pomichowski to Vice President Finance & Strategy

Oil and Gas 360

Troy, Michigan (March 1, 2023) – Fortis Energy Services, Inc., an award-winning oil and gas well services company, is pleased to announce the promotion of Adam Pomichowski, MBA, to Vice President Finance & Strategy, effective immediately.…

Source: BOE Report

Column: When science gets mugged for the media – a case study

BOE Report


I walked past a truck in a parking lot the other day and I figured out what’s wrong with everybody. It was a good-looking new semi-small one, and, walking with my head down, watching for ice and muttering …

Source: Reuters

Suncor names former ExxonMobil executive as new CEO

World Oil


(WO) – Suncor’s board of directors has unanimously selected Rich Kruger to be the company’s next President and Chief Executive Officer, effective April 3, 2023. Mr. Kruger will also join the Suncor Board of Directors.

The announcement follows …

Source: Reuters

Canada’s Cenovus Energy posts quarterly profit, names new CEO

Yahoo Finance


Cenovus Energy Inc posted a net profit for the fourth quarter on Thursday, compared with a loss last year, and said Chief Operating Officer Jon McKenzie would become its president and chief executive officer.

 

McKenzie, who was …

Source: Permian Strategic Partnership

Permian Strategic Partnership: oil and gas has a “positive impact” on communities across Permian Basin

World Oil


(WO) – Permian Strategic Partnership (PSP) President and CEO Tracee Bentley made a compelling case for the positive impact of oil and natural gas production on local communities during her testimony before the U.S. House Subcommittee on Energy …

Source: Fox Business

Energy expert urges US independence, says security must be ‘back on the agenda’

Fox Business


As the energy conversation at the World Economic Forum centers around climate change, S&P Global Vice Chairman Daniel Yergin argued U.S. energy independence “cannot be assumed away” on “Mornings with Maria” Friday.

 

Yergin spoke with …

Source: Reuters

JP Morgan CEO: The U.S. must revamp its domestic energy policy

Oil Price


The United States needs permitting for oil and gas drilling and pipelines, and a streamlined permitting process for renewables in a comprehensive new policy, JP Morgan’s chief executive Jamie Dimon told Fox Business in an exclusive interview.

Dimon …

Source: Bloomberg

U.S. shale workers’ pay growth slows as explorers reduce oilfield activity

World Oil


(Bloomberg) — Monthly wage growth in the U.S. shale patch slowed to less than 1% in November as explorers pulled back activity to manage record costs in the oilfield.

 

Average hourly earnings in oil and gas extraction …

Source: World Oil

Saudi’s won’t let oil stay at $75: Pioneer CEO

Oil Price


OPEC is likely to cut oil production again, Pioneer Natural Resources CEO said at a Goldman Sachs Conference in Miami on Thursday.

 

“Saudi is not going to let Brent stay around $75 a barrel,” Scott Sheffield said, …

Strive Asset Management – Understanding corporate governance, proxy voting and shareholder engagement

Strive Asset Management – Understanding corporate governance, proxy voting and shareholder engagement

Oil and Gas 360


Strive’s approach to corporate governance is simple: serve their clients’ financial interests, without concern for any other social or political objectives. To that end, Strive advocates for the pursuit of excellence over politics in boardrooms across

January 4, 2023 - 3:30 pm Closing Bell Story‎, Crude Oil News, Finance, People
Source: Reuters

Chevron CEO pushes back on Biden claims of ‘War Profiteering’

Oil Price


The oil industry generates around 10% returns on capital employed through the cycle, Chevron’s chief executive Mike Wirth told Bloomberg Television, pushing back on the persistent accusations by the Biden Administration that oil companies are profiteering from …

SM Energy announces officer retirements and new appointments

SM Energy announces officer retirements and new appointments

Oil and Gas 360


DENVERDec. 21, 2022 /PRNewswire/ — SM Energy Company (the “Company”) (NYSE: SM) today announced the retirement of Senior Vice President – Operations Newt Newton and Vice President – Human Resources Candace Lyon.

 

 SM Energy announces officer retirements and new appointments- oil and gas 360

Chief …

Source: CNBC

Dan Yergin says there’s a chance oil could go as high as $121 a barrel when China fully reopens

CNBC


Dan Yergin expects oil at $90 in 2023 but says there’s a chance it could go as high as $121 when China fully reopens, but warned there are three major uncertainties looming over the market.

 

“Our base case …

Source: Oil Price

Will Buffett bet big on oil again in 2023?

Oil Price


For decades, Berkshire Hathaway (NYSE:BRK.B) Chairman and CEO Warren Buffett maintained a pretty conservative approach to investing, favoring retail and banking stocks while giving a wide berth to more volatile sectors such as tech and energy.

 

In …

December 21, 2022 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance, People
Flotek appoints Bond Clement to role of Chief Financial Officer

Flotek appoints Bond Clement to role of Chief Financial Officer

Oil and Gas 360


HOUSTONDec. 19, 2022 /PRNewswire/ — Flotek Industries, Inc. (“Flotek”) (NYSE: FTK), a leader in technology-driven specialty green chemistry solutions, today announced the appointment of Mr. Bond Clement to the role of Chief Financial …

Permian Resources announces changes to senior leadership

Permian Resources announces changes to senior leadership

World Oil


(WO) — Permian Resources Corporation announced the pending retirements of two executive officers of the Company, along with their respective succession plans on Dec. 14.

 

Permian Resources announces changes to senior leadership- oil and gas 360

Permian Resources’ Board of Directors expects to appoint Steve Gray as non-executive …

Source: World Oil

Biden administration attempts to reconcile with oil and gas industry

World Oil


(Bloomberg) — Energy Secretary Jennifer Granholm extended an olive branch to the oil and gas industry, telling executives at a meeting in Washington that she recognizes fossil fuels will be around for a long time, even as the …

Source: Continental Resources

Continental Resources announces Doug Lawler as President and CEO

Oil and Gas 360


OKLAHOMA CITY, Dec. 6, 2022 /PRNewswire/ — Continental Resources, Inc. announced today President and Chief Operating Officer (COO) Doug Lawler will assume the role of President and Chief Executive Officer (CEO).

 

“Doug is …

IPAA appoints Steven Pruett as new board chairman

IPAA appoints Steven Pruett as new board chairman

World Oil


(WO) — The Independent Petroleum Association of America (IPAA) board of directors on Monday has appointed Steven H. Pruett, the president and CEO of Elevation Resources LLC, as board chairman for the 2022-2024 term. Pruett comes into this …

December 6, 2022 - 3:00 pm Closing Bell Story‎, Crude Oil News, Energy News, People
Source: Bloomberg

US shale-patch jobless rate shows labor-market tightness endures

World Oil


(Bloomberg) — The short supply of labor in the US oil patch has plagued exploration and production companies all year, and the tightness continues.

While the sector’s unemployment rate jumped to 3.1% in November from 0.8% in the …

Source: Reuters

Harold Hamm slams Biden for Venezuela oil deal

Oil Price


The owner of Continental Resources and one of the faces of the shale revolution Harold Hamm has criticized the Biden administration’s decision to grant sanction relief to Chevron so it can restart its operations in Venezuela.

 

 …

December 2, 2022 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, People
Source: Reuters

RRC Chairman: Oil, gas industry tax revenue generates billions for rainy day, state highway funds

World Oil


(WO) – Texas Comptroller Glenn Hegar announced the transfer of $3.64 billion to the Economic Stabilization Fund (Rainy Day Fund) and $3.64 billion the State Highway Fund (SHF) on Nov. 30.

 

“The transfer $7.3 billion of oil …

December 2, 2022 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, People
Strive Asset Management exceeds half a billion in AUM, 3 months after launch

Strive Asset Management exceeds half a billion in AUM, 3 months after launch

Oil and Gas 360


COLUMBUS, Ohio-November 15, 2022 01:00 PM Eastern Standard Time–(BUSINESS WIRE)–Strive Asset Management announced its total assets under management surpassed $500 million on November 11, 2022, three months after the launch of its first

Source: Reuters

Senators warn law firms about ‘collusive’ ESG initiatives

World Oil


(WO) – Five U.S. Senators have sent letters to 51 law firms detailing the possible antitrust violations that their clients may commit if they pursue collusive Environmental, Social, and Governance (ESG) initiatives.

 

The letter, signed by Marsha …

Source: World Oil

Shale patch unemployment plummets as US explorers vie for crews

World Oil


(Bloomberg) – Unemployment in the US oil industry plummeted to one of the lowest levels on record as shale explorers scramble for workers to keep production flowing.

 

The jobless rate fell to 0.8% in October from 2.5%

Empire Petroleum expands executive management team

Empire Petroleum expands executive management team

Oil and Gas 360


TULSA, Okla. – Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), today announced that J. Kevin Vann has joined Empire as an executive officer in the newly created position of Vice President, Finance and Strategic …

Source: Oil Price

Oil industry execs lash out at botched energy transition

Oil Price


Until recently, the idea of a Fortune 500 company boss criticizing the energy transition would have been considered eccentric, to put it mildly. Now, two Fortune 500 bosses have slammed the transition inside a single week. JP Morgan’s …