Cenovus hires McKenzie as CFO from Husky Energy
Canadian oil and gas producer Cenovus Energy Inc named Jon McKenzie as chief financial officer on Thursday, bringing in an oil industry veteran who most recently helped rival Husky…
Does OPEC Deal spell Relief for U.S. Shale?
It was a moment U.S. shale oil producers have been waiting on for more than two years: OPEC nations finally agreed to cut production on Wednesday in a move that lifted low prices ravaging their budgets.
Small U.S. Frackers Failing Amidst Drilling Drought
Oil field work was coming in fast when GoFrac doubled its workforce and equipment fleet at the beginning of last year, just one of hundreds of small oil service companies thriving on the revival of U.S. drilling.
New Chairmen at Three Chinese Oil Firms
China has appointed new chairmen for the country's top three energy groups, according to company statements on Monday, in a top-down reshuffle of the industry which faces the challenges of spending cuts…
C.A.T. Oil asks Prosecutors to Look into Former Execs
Austrian energy group C.A.T. Oil AG has asked Vienna prosecutors to look into suspected breach of trust by former members of its management board, it said on Friday. A spokesman for…
Financial Pressure Forces PDVSA to Embraces Pragmatism
CARACAS/HOUSTON, March 13 (Reuters) - A subtle change in office attire may be the most telling symbol of a quiet revolution taking place inside Venezuela's troubled economic engine, giant oil firm PDVSA.
CAT Oil Execs Go After Dijols Takeover Bid
CAT oil's senior managers are leaving the Austrian fracking specialist in the wake of a takeover approach by oil industry veteran Maurice Dijols, the company said on Monday. Chief Operating Officer Anna Brinkmann…
Britain Promises Oil Industry Tax Cuts
The British government promised its oil and gas industry on Thursday that it would cut tax rates in the sector to help dampen spiralling costs. UK North Sea oil and gas output, worth…
Joma Industrial to Offer €15.23 a Share for CAT Oil
Joma Industrial Source Corp, the British Virgin Islands-based takeover vehicle of oil industry veteran Maurice Dijols, will offer 15.23 euros per share for CAT oil, it said on Friday.
Sinopec SVP is new Sinochem Chair
A former senior vice president at top Asian oil refinery Sinopec Corp has officially taken office as the new head of state-run Sinochem Group, officials at the two companies said on Tuesday.
North Sea Drilling, Deals To Remain Slow
High operating costs and dwindling reserves will result in low drilling activity and few takeover deals in the North Sea over the coming year, consultancy Deloitte said in a quarterly report on Thursday.
