Hirshberg, Fox take new executive roles at ConocoPhillips

Al Hirshberg has been named ConocoPhillips executive vice-president, production, drilling, and projects. He currently serves as executive vice-president, technology, and projects. Matt Fox has been named executive vice-president, strategy, exploration, and technology. He’s currently executive vice-president, exploration and production. Source: News


Marathon cuts 2016 capital spending in half

Marathon Oil Corp., Houston, reported a 2016 capital spending program of $1.4 billion, down 50% from that of 2015 and 75% from that of 2014. Source: News


Non-US investment cuts may affect global outlook, EIA official says

Overseas investment decisions could have a bigger impact on global petroleum markets in 2016 than exporting countries’ volume reductions or geopolitics amid continuing depressed crude oil prices, US Energy Information Administration Deputy Administrator Howard Gruenspecht suggested to a Washington audience. Source: News


CHS commissions coker at Kansas refinery

US farmer-owned cooperative CHS Inc., Inver Grove Heights, Minn., has commissioned a delayed coking unit to replace a more than 60-year-old unit at its 85,000-b/d McPherson refinery in central Kansas. Source: News