People

John Fox, Founder, former Chairman and CEO of MarkWest Energy Partners, issues open letter to the board of directors of Marathon Petroleum Corporation supporting recent decisions and the appointment of Michael Hennigan as CEO

John Fox, Founder, former Chairman and CEO of MarkWest Energy Partners, issues open letter to the board of directors of Marathon Petroleum Corporation supporting recent decisions and the appointment of Michael Hennigan as CEO

PR Newswire


DENVERMarch 30, 2020 /PRNewswire/ — John M. Fox, beneficial owner of 1,427,826 common units of MPLX LP and 62,583 shares of Marathon Petroleum Company, today released the following open letter to the board of directors of …

March 31, 2020 - 3:00 pm Closing Bell Story‎, Energy News, People
Source:
CNBC

Ted Cruz, other senators, warn Saudis to stop using oil in ‘economic warfare’ against the US

CNBC


Sen. Ted Cruz told CNBC on Monday he and eight other GOP senators recently ripped into the Saudi ambassador in a conference call over the oil price war with Russia that has threatened to put American producers out of …

Murphy Oil Corporation Announces Temporary Medical Leave of the Chief Executive Officer

Murphy Oil Corporation Announces Temporary Medical Leave of the Chief Executive Officer


EL DORADO, Ark.–(BUSINESS WIRE)–Mar. 25, 2020– Murphy Oil Corporation (NYSE: MUR) today announced that Roger W. Jenkins, President and Chief Executive Officer has, pending test results, a presumptive diagnosis of COVID-19, and has taken a temporary medical
March 26, 2020 - 7:00 am Closing Bell Story‎, Crude Oil News, Energy News, People
Source: CNBC

Chevron CEO says the dividend is the company’s No. 1 priority and is ‘very secure’

CNBC


Chevron shares surged Tuesday after the company announced cost-cutting measures, but promised not to slash its dividend despite mounting pressure from falling crude prices.

“Our dividend is our number one priority and it’s very secure,” Chevron CEO Michael Wirth …

Source: Reuters

Occidental names former CEO Stephen Chazen as non-executive chair

Reuters


Occidental Petroleum Corp (OXY.N) on Tuesday named its former chief executive officer, Stephen Chazen, as non-executive chairman of its board in a bid to end a long and bitter fight with activist investor Carl Icahn.

WSJ had …

Source: Reuters

Trump blames oil fight, ‘Fake News’ for stock market drop

Reuters


WASHINGTON – U.S. President Donald Trump blamed a fight for oil market share between Saudi Arabia and Russia, as well as unspecified “Fake News,” for a precipitous drop in U.S. stock prices on Monday, amid sliding demand for crude …

March 9, 2020 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, OPEC, People
Source: CNBC

Billionaire Sam Zell says he is buying some ‘ridiculously low’ stocks in the wild market swings

CNBC


Sam Zell, who made his fortune scooping up distressed assets, told CNBC on Thursday that he’s been taking advantage of the stock market’s volatility.

The billionaire founder of Equity Group Investments said in a “Squawk Box” interview that “We’ve …

Source: Houston Chronicle

Sanders fracking ban doesn’t scare Democrats in Colorado

Houston Chronicle


Bernie Sanders’s vow to ban fracking if he’s elected president isn’t scaring off Democrats living atop Colorado’s biggest oil field.

The Vermont senator took 38% of the vote in Weld County, the epicenter of Colorado’s booming oil production, …

March 5, 2020 - 10:00 am Fracing, People
Source: CNBC

Coronavirus will likely deliver a short-term economic shock to the US, Canaccord strategist warns

CNBC


Canaccord Genuity’s Tony Dwyer warns that recession odds are growing. Dwyer sees the coronavirus outbreak putting the U.S. economy on thin ice.

“If you shut down some of these major cities from business activity, you’re going to go into …

March 4, 2020 - 3:00 pm Capital Markets, Closing Bell Story‎, Finance, People
Source: Houston Chronicle

Texas Railroad Commissioner Ryan Sitton unseated in GOP primary upset

Houston Chronicle


South Texas rancher Jim Wright unseated incumbent Texas Railroad Commissioner Ryan Sitton in an upset Republican primary victory.

With nearly two-thirds of precincts reporting and Wright had more than 55 percent of the vote in the two-way race …

March 4, 2020 - 2:00 pm Closing Bell Story‎, Energy News, People, Regulatory
Source: Houston Chronicle

Chevron CEO sees obligation to explain fracking to politicians

Houston Chronicle


Chevron Corp. Chief Executive Officer Mike Wirth said he’s open to discussing fracking with whoever wins the 2020 U.S. presidential election.

Just hours after unveiling plans to double oil production in the Permian Basin over the next five …

March 4, 2020 - 1:00 pm Closing Bell Story‎, Crude Oil News, Energy News, People
Source: Houston Chronicle

Trump ready to end Chevron’s sanctions waiver in Venezuela

Houston Chronicle


The Trump administration is ready to unleash the full impact of sanctions on Chevron Corp.’s operations in Venezuela as the U.S. seeks to further squeeze the Maduro regime.

While no decision has been made, it’s increasingly unlikely that …

February 28, 2020 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, People
Source: CNBC

For investors shaken by Dow plunge, Warren Buffett’s new advice on finding long-term market winners

CNBC


Lost in the hoopla over Berkshire Hathaway chairman and CEO Warren Buffett’s latest annual shareholder letter this past weekend was an implicit warning to the finance executives and managers who run corporate America: Now is the time to be …

February 26, 2020 - 3:00 pm Capital Markets, Closing Bell Story‎, Economy, People, Popular 2
ARB Midstream Announces the Appointment of Dan Campbell as Chief Executive Officer and John Roark as Chief Operating Officer

ARB Midstream Announces the Appointment of Dan Campbell as Chief Executive Officer and John Roark as Chief Operating Officer

DENVERFeb. 24, 2020 /PRNewswire/ — ARB Midstream, LLC (“ARB” or the “Company”) announced today that Adam Bedard, cofounder and Chief Executive Officer, has shifted his role within the Company from day-to-day executive leadership to focusing on the …

PSEG Elects Scott G. Stephenson to Board of Directors

PSEG Elects Scott G. Stephenson to Board of Directors

Stephenson has served as chairman of the board and CEO of Verisk Analytics in Jersey City, N.J., a data analytics and risk assessment company, since April 2013, and as president since March 2011. He joined Verisk in …

February 21, 2020 - 4:30 pm Corporate Governance, People, Press Releases
Source: Houston Chronicle

Oilman, former Texas governor candidate Williams dies at 88

Houston Chronicle


DALLAS (AP) — Clayton Williams, a colorful Texas oilman and philanthropist whose 1990 run for governor was derailed after joking about rape and acknowledging he went a year without paying income taxes, has died. He was 88.

Williams …

February 17, 2020 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, People
Source: Reuters

Canada’s Trudeau scraps Barbados trip to try to resolve anti-pipeline protests

Reuters


TORONTO – Canadian Prime Minister Justin Trudeau has canceled his planned trip to Barbados to help resolve widespread rail disruptions caused by indigenous rights activists opposing the construction of a natural gas pipeline, his office said on Sunday.

Indigenous …

LS Power Taps Clean Energy Veteran to Lead Ravenswood

LS Power Taps Clean Energy Veteran to Lead Ravenswood

LS Power Taps Clean Energy Veteran to Lead Ravenswood

February 10, 2020 - 8:00 am Electrical Power Generation, Energy News, People, Press Releases
Source: nbcnews.com

Venezuela rounds up US oil executives as Guaidó visits DC

Houston Chronicle


MIAMI (AP) — Six American oil executives under house arrest in Venezuela were rounded up by police hours after President Donald Trump met Venezuelan President Nicolás Maduro’s chief opponent at the White House, according to family members of …

February 7, 2020 - 9:00 am Closing Bell Story‎, Energy News, International, People

Balch & Bingham Opens Houston Office; Adds Leading Energy and M&A Attorneys Philip Dunlap and David Bowsher

Balch & Bingham Opens Houston Office; Adds Leading Energy and M&A Attorneys Philip Dunlap and David Bowsher

February 3, 2020 - 10:05 am People, Press Releases

Approved Companies Names Leonard Camporeale as National Wholesale Director

Approved Companies Names Leonard Camporeale as National Wholesale Director

February 3, 2020 - 9:36 am People, Press Releases
Source: Houston Chronicle

Judge dismisses Cheniere lawsuit against former CEO Charif Souki and Tellurian

Houston Chronicle


A lawsuit between rival liquefied natural gas companies Cheniere Energy and Tellurian has been dismissed just days before jury selection was set to begin.

State district court Judge Fredericka Phillips in Houston signed an order Thursday dismissing Cheniere’s …

January 31, 2020 - 2:30 pm Closing Bell Story‎, Energy News, LNG, Natural Gas News, People

Deval Patrick unveils plan to make U.S. carbon neutral by 2040

Deval Patrick unveils plan to make U.S. carbon neutral by 2040

January 31, 2020 - 1:25 pm People, Press Releases

DIVERGENT Energy Services Announces Change of Chief Financial Officer

DIVERGENT Energy Services Announces Change of Chief Financial Officer

January 31, 2020 - 1:25 pm People, Press Releases

Calumet Specialty Products Partners, L.P. Names Scott Obermeier to Executive Vice President, Commercial

Calumet Specialty Products Partners, L.P. Names Scott Obermeier to Executive Vice President, Commercial

January 27, 2020 - 9:00 am People, Press Releases
Houston Chronicle

McNamee, longtime Texas GOP attorney, will step down from FERC

Houston Chronicle


WASHINGTON – Bernard McNamee, a former advisor to Texas Republican Sen. Ted Cruz and fellow at the conservative Texas Public Policy Foundation, said Thursday he would not seek a second term on the Federal Energy Regulatory Commission.

With …

January 23, 2020 - 3:45 pm Closing Bell Story‎, Energy News, People, Regulatory
Source: Reuters

Carlyle looking at ‘relatively cheap’ energy assets: Rubenstein

Reuters


Fears about the future of energy assets have led to a sell-off, but this has created “very good opportunities” for the Carlyle Group, its founder, David Rubenstein, said on Thursday.

Rubenstein, co-executive chairman of the private equity (PE) giant, …

NorthStar Midstream Names Jon A. (Jack) Hamel as SVP of Technical Services

NorthStar Midstream Names Jon A. (Jack) Hamel as SVP of Technical Services

January 23, 2020 - 3:05 pm Midstream, People, Press Releases
Source: Houston Chronicle

Phillips 66 CEO Greg Garland takes reins of oil and gas trade group API

Houston Chronicle


The chief executive of Phillips 66 has been named chair of the American Petroleum Institute, the oil and gas sector’s top trade group said Wednesday.

Phillips 66 Chairman and CEO Greg Garland will serve two years as the …

January 23, 2020 - 3:00 pm Closing Bell Story‎, Crude Oil News, Energy News, People
This combination photo shows Swedish climate activist Greta Thunberg speaking at the COP25 summit in Madrid, Spain on Dec. 11, 2019, left, and President Donald Trump speaking at a campaign rally in Battle Creek, Mich. on Dec. 18, 2019. When climate activist Greta Thunberg, also 16, was named Time magazine's 2019 person of the year, President Donald Trump took to Twitter to call her choice “ridiculous." (AP Photo/Paul White, left, and Evan Vucci)

Oil industry in Davos: torn between Greta and Trump

Reuters


DAVOS, Switzerland – Oil majors are at the sharp end of the climate debate and face a bewildering balancing act to secure their futures.

It’s a Catch-22 situation: to meet ambitious emissions targets by investing in low-carbon technologies, they …