Hollek, Leyendecker part of EVP reshuffle at Anadarko

Anadarko Petroleum Corp., Houston, has appointed Darrell Hollek as executive vice-president, operations, and Ernie Leyendecker as executive vice-president, international and deepwater exploration. Source: News


Combe to lead AGR’s UK consultancy business

Steve Combe has been tabbed to manage global oil and gas services and software firm AGR’s Aberdeen-based manpower consultancy business. Source: News


Moody’s: High leverage levels to persist for North American E&P firms

Despite recent improvements in oil prices, high levels of leverage for North American exploration and production firms will persist for the rest of the year “as cash flows remain mismatched to debt loads for most companies,” according to a recent report from Moody’s. Source: News


Statoil to buy 70% of license in UK North Sea

Statoil ASA is to acquire 70% ownership and operatorship in the P.2170 license in the UK North Sea from Jersey Oil & Gas PLC and CIECO Exploration & Production (UK) Ltd. Source: News


VEP to acquire Meraux, Three Rivers terminal business

Valero Energy Partners LP (VEP) has agreed to acquire the terminal services business for the 135,000-b/d Meraux, La., and 100,000-b/d Three Rivers, Tex., refineries from a subsidiary of Valero Energy Corp. for $325 million. The deal is expected to close Sept. 1. Source: News