People

Source: Houston Business Journal

Magnolia Oil & Gas Corporation mourns the passing of former Chairman, President and Chief Executive Officer Stephen Chazen

Oil and Gas 360


HOUSTON–September 23, 2022–(BUSINESS WIRE)–It is with great sadness that Magnolia Oil & Gas Corporation (“Magnolia” or the “Company”) (NYSE: MGY) mourns the passing of former Chairman, President and Chief Executive Officer, Stephen Chazen.

 

Source: Fox Business

Energy CEO hits at ‘energy ignorance’ driving current policy: ‘Little hope of ending the crisis anytime soon’

Fox Business


The ongoing energy crisis was preceded by a decade of red flags that went mostly ignored and global plans to transition from conventional energy sources to renewable options failed to address key issues, according to a chief executive …

Source: Houston Business Journal

Magnolia Oil & Gas Corporation appoints Christopher Stavros as President and Chief Executive Officer and to the Board of Directors


HOUSTON–(BUSINESS WIRE)–Magnolia Oil & Gas Corporation (“Magnolia” or the “Company”) (NYSE: MGY) today announced that Christopher Stavros, the Company’s current Executive Vice President and Chief Financial Officer, has been named President and
Source: Reuters

Kinetik and WaterBridge to join the Permian Strategic Partnership

World Oil


The Permian Strategic Partnership (PSP) announced today the addition of two new companies, Kinetik and WaterBridge Resources, bringing its member company count to 19.

 

“We are thrilled to welcome Kinetik, WaterBridge and their respective board members …

September 16, 2022 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, People
Source: Bloomberg

Manchin enlisting oil CEOs to get GOP support for permitting bill

World Oil


(Bloomberg) — Democratic Senator Joe Manchin is enlisting the help of energy-industry executives to marshal Republican support for his plan to speed up the process of getting federal approvals for energy projects, according to people familiar with the …

Source: World Oil

Shell CEO stepping down after four decades, replaced by gas chief Sawan

World Oil


(Bloomberg) — Shell Plc Chief Executive Officer Ben van Beurden will step down at the end of this year after almost 40 years at the company, to be replaced by the firm’s head of gas and renewables, Wael …

Source: World Oil

Young shale CEOs eye output boost in oil patch struggling to grow

World Oil


(Bloomberg) — Investors desperate for clues on the outlook for U.S. shale oil production now have one of their first official forecasts for 2023, with the new chief executive officers of Permian Resources Corp. planning a 10% increase …

Source: Bloomberg

Biden’s freeze on oil, gas leases on public land temporarily reinstated

World Oil


(Bloomberg) ­— President Joe Biden won temporary permission to once again pause energy leasing on federal lands and waters, after a U.S. appeals court found a trial judge’s order against the moratorium too vague to review.

The court …

Source: Continental Resources

Doug Lawler promoted to President & COO at Continental Resources

Oil and Gas 360


OKLAHOMA CITYAug. 18, 2022 /PRNewswire/ — Continental Resources, Inc. (NYSE: CLR) today announced Doug Lawler is being promoted to President and Chief Operating Officer.

 

Doug joined Continental in February as Chief …

Source: Reuters

Chevron announces leadership changes

Oil and Gas 360


SAN RAMON, Calif. – Chevron Corporation (NYSE: CVX) today announced the appointment of Alana K. Knowles as vice president and controller, effective March 1, 2023. Knowles will succeed David A. Inchausti, who will resign …

Source: World Oil

Biggest private oil producer in the U.S. not for sale after founder’s death

World Oil


(Bloomberg) — Mewbourne Oil Co., the largest private oil producer in the U.S., said it will remain in the hands of its controlling family after the recent death of its eponymous founder.

Curtis Mewbourne, who started the company …

Source: World Oil

API releases video urging Biden to tour American energy sites

World Oil


WASHINGTON – As President Biden prepares to meet with Saudi officials on Friday, the American Petroleum Institute (API) released a new video once again inviting the president to visit American energy sites and support the American producers who …

July 14, 2022 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Jobs, People
Source: World Oil

Suncor Energy replacing CEO after oil sands mine fatality

World Oil


(Bloomberg) — Suncor Energy Inc.’s chief executive officer stepped down on Friday after a series of fatalities at the company’s oil sands sites shook confidence in its management.

Mark Little agreed to leave as president and CEO and …

Source: CNBC

OPEC Secretary-General Mohammad Barkindo dies at age 63

CNBC


Mohammad Barkindo, a Nigerian politician and secretary-general of oil producer group OPEC, died at the age of 63, just days before he was set to finish his term at the organization.

 

The head of Nigeria’s National Petroleum Corp., …

Source: World Oil

Texas oil and gas regulatory chairman applauds Supreme Court’s rollback of EPA overreach

World Oil


AUSTIN – The U.S. Supreme Court’s decision on the Environmental Protection Agency’s (EPA) federal overreach with the Clean Air Act is a win for good government, American energy producers and for hardworking taxpayers who simply need cheap, plentiful …

Exxon Mobil CEO cautions against an abrupt energy transition, warning underinvestment leads to high gas prices

Exxon Mobil CEO cautions against an abrupt energy transition, warning underinvestment leads to high gas prices

CNBC


Exxon Mobil CEO Darren Woods warns that an abrupt transition to renewable energy will cause society to “pay a high price.”

 

The national average price for a gallon of gasoline is currently nearly $5, causing strife for …

June 27, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, People
Source: World Oil

U.S. energy industry invites Biden to visit American energy sites ahead of trip to Saudi Arabia

World Oil


WASHINGTON (API) – Ahead of the President’s travel to the Middle East next month, the American Petroleum Institute (API) joined with 28 energy associations to urge President Biden and his Cabinet to visit America’s major energy facilities – …

Source: World Oil

Energy Workforce finds gains in sector’s minority, women employment gains, encourages continuation

World Oil


The Energy Workforce & Technology Council released its latest Workforce Diversity toolkit based on updated data.

Research shows companies with a higher percentage of women in executive positions have a 34% higher total return to shareholders than those …

June 24, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, ESG, People
Source: Chevron

A letter to President Biden from Chevron CEO Mike Wirth

Chevron


Dear Mr. President:

Thank you for your letter dated June 14, 2022. As industry leaders, academic experts and numerous policy makers have pointed out, there are no easy fixes nor any short-term answers to the global supply and demand …

Source: CNBC

U.S. energy secretary to meet with refining executives over soaring pump prices, sources say

CNBC


U.S. Energy Secretary Jennifer Granholm is expected to meet with refining executives on June 23 as tensions between the White House and the oil industry mount over soaring gasoline prices, sources familiar with the matter told Reuters.

The planned …

Source: API

Trade groups respond to President Biden’s letter to U.S. refiners

World Oil


Last night, American Petroleum Institute (API) President and CEO Mike Sommers and American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson sent a letter to President Biden responding to recent letters the Administration sent to major …

Source: Reuters

Biden and the oil industry are talking past each other

Yahoo Finance


Remember the outrage when a handful of U.S. oil refineries closed in 2020?

If you don’t, that’s because there wasn’t any outrage. Oil and gasoline prices were blissfully low and the COVID-19 pandemic dominated the news. Hardly …

Source: Reuters

Biden criticizes U.S. oil refiners as profits soar

World Oil


Source: Reuters

The U.S. may never build a new refinery, Chevron CEO says

World Oil


(Bloomberg) — There may never be a new refinery built in the US despite surging gasoline prices as policymakers move away from fossil fuels, according to Chevron Corp.

“We haven’t had a refinery built in the United States …

June 6, 2022 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, People
Source: World Oil

Oilfield employment continues to rise as overall U.S. labor market gains

World Oil


Employment in the U.S. oilfield services, and equipment sector rose by an estimated 4,774 jobs to 628,793 in May, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology …

Source: Reuters

Restricting U.S. fuel exports would be ‘unwise’, says Chevron CEO

Reuters


HOUSTON – Chevron Corp Chief Executive Michael Wirth said on Wednesday he expected oil and motor fuel prices to stay high but cautioned against limiting fuel exports to guarantee U.S. supplies.

The CEO of the second-largest U.S. oil producer …

Source: NSAI

Netherland, Sewell & Associates, Inc. announces executive management changes

Oil and Gas 360


DALLAS, TEXAS, USA, May 25, 2022 /EINPresswire.com/ — Netherland, Sewell & Associates, Inc. (NSAI), a leading oil and gas consulting firm, has announced the promotion of Richard B. Talley, Jr. to Chief Executive Officer …

Source: CNBC

Big Oil braces for shareholder revolt over climate plans in proxy voting season

CNBC


LONDON — Some of the world’s largest corporate emitters face the prospect of a shareholder rebellion this month, with climate-related votes poised to spike throughout the proxy season.

Oil and gas majors on both sides of the Atlantic are

Source: World Oil

OTC 2022: Reaching net zero will require more investment in oil, gas and renewables

World Oil


The pandemic had a unique impact on the energy industry and will pave the path of the energy transition on its way to net zero emissions, Society of Petroleum Engineers President Kamel Ben-Naceur said during a keynote presentation …

Source: Reuters

North American oil companies scramble to find workers despite boom

Reuters


When Jeremy Davis was laid off from his oilfield job in Texas in 2020, he did not want to leave the industry after 17 years in oil and gas.

But his next jobs brought one mishap after another. He …