Shale Innovator Mark Papa Joins Schlumberger Board
Oilfield services company Schlumberger NV has appointed shale pioneer Mark Papa and energy researcher Tatiana Mitrova to its board of directors, according to a filing on Monday with the U.S. Securities and Exchange Commission.Papa, who built independent energy producer EOG Resources into one of the most profitable U.S. shale companies, currently heads Centennial Resource Development.His appointment comes just a few months after Helge Lund, former chief executive of BG Group and Statoil…
Woods Promoted at Exxon Mobil Corporation
Darren W. Woods has been elected president of Exxon Mobil Corporation and a member of the board of directors, effective January 1, 2016. The election of Woods, who is currently senior vice president of the corporation, was made during a meeting of the ExxonMobil board of directors on Wednesday. With the addition of Woods, the ExxonMobil board is comprised of 13 directors, 11 of whom are non-employee directors. Rex W. Tillerson, 63, continues his position of chairman of the board and chief executive officer of the corporation.
Baksht Succeeds Swent as Ensco CFO
Ensco plc has named Jon Baksht the company’s new chief financial officer based in London, succeeding Jay Swent, who will retire at year end. Baksht was most recently vice president - finance after joining Ensco as vice president - treasurer. His professional career includes experience in investment banking and consulting. Baksht has an MBA from the Kellogg School of Management at Northwestern University and a BS in electrical engineering from the University of Texas.
ST Engineeing Appoints Director
Singapore Technologies Engineering Ltd (ST Engineering) today announced the appointment of Mr Lim Ah Doo as an independent non-executive Director of the Company and a Member of the Audit Committee with effect from 10 November 2015. Mr Lim, 66, was formerly the President and subsequently the non-executive Vice Chairman of RGE Pte Ltd (formerly known as RGM International Pte Ltd). His past working experience includes an 18-year banking career in Morgan Grenfell from 1977 to 1995…
National Oilwell Varco Appoints Senior VP & CFO
Oilfield equipment manufacturer National Oilwell Varco, Inc. has named Jose A. Bayardo as its new Senior Vice President and Chief Financial Officer effective August 28, the company announced today. Bayardo succeeds Scott K. Duff, Interim Chief Financial Officer, who will continue to serve as the company’s Vice President, Corporate Controller and Chief Accounting Officer. Prior to joining National Oilwell Varco, Bayardo served as Senior Vice President, Resource and Business Development at Continental Resources, Inc.
Statoil BoD Selections Announced
In a meeting in the Corporate Assembly of Statoil ASA on 9 June 2015 Øystein Løseth was elected as new chair and Roy Franklin as a new member and deputy chair of Statoil's board of directors. Chair of the board Svein Rennemo and board member Jim Mulva had in advance informed the nomination committee that they did not wish to stand for re-election in 2015. Bjørn Tore Godal, Jakob Stausholm and Marjan Oudeman were re-elected as members of the board of directors.
Recommendation from Statoil's Nomination Committee
The nomination committee in Statoil has recommended that the company's corporate assembly elects Øystein Løseth as new chair and Roy Franklin as a new member and deputy chair of Statoil's board of directors. Furthermore, the nomination committee recommends a re-election of Bjørn Tore Godal, Jakob Stausholm and Marjan Oudeman as members of the board of directors. Chair of the board Svein Rennemo and board member Jim Mulva have informed the nomination committee that they do not wish to stand for re-election in 2015.
Solar Energy Depends on U.S. Funding Shift
The United States must redirect spending from wasteful solar power tax credits and prepare the electricity grid for large-scale solar energy use if the industry is to play a significant role in lowering carbon emissions, a report led by MIT researchers said on Tuesday. Current tax incentives aimed at encouraging users to install solar technologies fail to reward actual energy produced, said the authors of the report, published by the Massachusetts Institute of Technology Energy Initiative, which promotes adoption of renewable energy.
Cubility Appoints Sæveland CFO
Cubility AS, an industry provider of solids control solutions that improve efficiencies and HSE around drilling operations, has announced the appointment of Kai Preben Sæveland as the company’s Chief Financial Officer. Kai’s role will be to manage the financial performance of the company, taking responsibility for financial control, reporting and cash management and providing strategic financial direction as Cubility looks to grow sales of its core product, the MudCube.
Election of Statoil’s Board of Directors
In a meeting in the Corporate Assembly of Statoil ASA, Svein Rennemo was re-elected as chair and Grace Reksten Skaugen as deputy chair of the board of directors. Bjørn Tore Godal, Maria Johanna Oudeman, Jakob Stausholm, Catherine Hughes and James Mulva were re-elected as shareholder representatives to the board. Øystein Løseth was elected as new shareholder representative to the board. Øystein Løseth is a Norwegian citizen. Øystein Løseth has significant managerial experience in the energy sector, with particular expertise and experience from the European energy market.
Statoil Recommends Løseth for Board of Directors
The nomination committee in Statoil recommends that the company's corporate assembly elects Øystein Løseth as a new member of Statoil's board of directors. Furthermore, the nomination committee recommends the reelection of Svein Rennemo (chair), Grace Reksten Skaugen (deputy chair), Bjørn Tore Godal, Maria Johanna Oudeman, Jakob Stausholm, Catherine Hughes and James Mulva as members of the board of directors. Øystein Løseth is a Norwegian citizen. Øystein Løseth has significant managerial experience in the energy sector…
InterMoor Finalizes Joint Venture in Nigeria
InterMoor, an Acteon company, is finalizing a joint venture agreement with Century Energy Services Ltd (Century) in Nigeria. This will be a locally registered company and fully compliant with the Nigerian Oil and Gas Industry Content Development Bill, 2010. For InterMoor, securing a joint venture with an experienced and established partner like Century will ensure an effective local engagement with the Nigerian oil and gas market. InterMoor has been working in West Africa for 10 years with bases in Luanda and Malongo in Angola.
