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 Energy Inc rein in costs and strengthen its finances. McKenzie will replace Ivor Ruste, who will retire later this month. McKenzie joined Husky as CFO in 2015 and was tasked with bringing down costs at a time when oil prices hit record lows.
Husky Energy CFO McKenzie Resigns
Canadian oil and gas producer Husky Energy Inc said on Thursday its chief financial officer, Jon McKenzie, has resigned effective immediately. The company did not give any reason for McKenzie's departure. Husky named Controller Jeff Hart as interim CFO and said it would update on its five-year plan and 2022 targets at its 2018 Investor Day to be held next month.
Italy's IPLOM Refinery Closed Due to Pipeline Issue
Italy's IPLOM oil refinery remained closed on Friday, awaiting a judge's decision on a plan to monitor a connecting pipeline that spilled oil earlier this year, a company spokeswoman said. In an email, the spokeswoman said there was no timeline yet for restarting the 40,000 barrel per day (bpd) plant. It shut down in early May after authorities ordered…
Peru Energy Company Reports Amazon Oil Spill
An oil spill in the Amazon region of Peru was detected on Friday night, state energy company Petroperu said in a statement on Saturday, adding that measures were being taken to fix the ruptured pipeline and to protect the environment. The company said it was investigating the cause of the spill, which took place in the Barranca district of Maranon province.
Shell Shuts Wells to Brutus Platform after GoM Spill
A 2,100-barrel oil spill in the U.S. Gulf of Mexico forced Royal Dutch Shell on Thursday to shut in all wells that flow to its Brutus platform, federal regulators said. The U.S. Bureau of Safety and Environmental Enforcement (BSEE) said a 2 mile by 13 mile (about 3 km by 21 km) sheen was visible in the sea about 97 miles off the Louisiana coast. The sheen is near Shell's Glider Field…
Rosneft Reports Large Oil Spill on Sakhalin Island
Russian oil producer Rosneft said on Thursday that around 15 tonnes (110 barrels) of oil spilled off from an idled pipeline on the Pacific island of Sakhalin, while local ecologists say the scale of disaster is far larger. Rosneft said the spill occurred on Wednesday at the Ekhabi oilfield in northern Sakhalin. The company decided to burn the spilled oil to "minimise ecological damage".
Oil Train Speed Limits Panned by Critics
New U.S. and Canadian speed limits for oil trains will do little to temper the likelihood and severity of explosive accidents that have grown in frequency over the past two years, critics of new regulations said on Friday. Walking a line between increasing safety and keeping oil shipments moving at a clip on North American rails, regulators announced a 50 mile per hour (mph) speed limit for oil trains…
New Oil Train Speed Limits Still Unsafe
New U.S. and Canadian speed limits for oil trains will do little to temper the likelihood and severity of explosive accidents that have grown in frequency over the past two years, critics of new regulations said on Friday. Walking a line between increasing safety and keeping oil shipments moving at a clip on North American rails, regulators announced a 50 mile per hour (mph) speed limit for oil trains…
Pipeline Breaks, Spills Crude Oil Into LA Neighborhood
A faulty Valve Pump station at a Petroleum Pipeline Ruptured Early on Thursday in an Industrial corner of Los Angeles, spewing Crude Oil 40 Feet (12 meters) into the Air, onto the Roof of a strip club next door, and leaving four people sick from the fumes. An Estimated 10,000 gallons of Oil gushed from the Pipeline before it was shut down and the spill was halted…
Scientists Train Students on Oil Spill Research
As part of ongoing research nearly four years after the Deepwater Horizon oil spill, scientists from the Woods Hole Oceanographic Institution (WHOI) will team up with a group of high school students in Florida to collect remnants of oil from Gulf Coast beaches this week. Marine chemist Chris Reddy studies how the many compounds that compose petroleum hydrocarbon, or oil, behave and change over time after an oil spill.
