Michael K. Wirth has been elected chairman and chief executive officer of Chevron Corp., effective Feb. 1. He will succeed John S. Watson, who will retire from the company and its board after 37 years of service, including 8 years as chairman and CEO. Source: News

Beach Energy Ltd., Adelaide, has made a binding agreement with Sydney-based Origin Energy Ltd. to buy all the shares in Origin’s wholly owned subsidiary Lattice Energy Ltd. for $1.585 billion (Aus.) on a cash and debt-free basis. Lattice is Origin’s conventional oil and gas offshoot. Source: News

Light, sweet crude oil prices rose modestly on the New York market Sept. 27 after the US Energy Information Administration reported a 1.8 million-bbl draw from US crude stockpiles while the nation’s gasoline supplies rose by 1.1 million bbl last week. Source: News

Mexico’s continuing energy reforms could make US offshore oil and gas producers consider leasing there if more of the nation’s Outer Continental Shelf is not opened for exploration and development, National Ocean Industries Association Pres. Randall B. Luthi told a Washington audience on Sept. 27. Source: News

US Energy Sec. Rick Perry asked the National Petroleum Council to conduct separate studies on the nation’s oil and gas transportation system as well as on possible ways to commercialize carbon capture and storage (CCS). Source: News