Michael Crothers has been appointed president and country chair for Shell Canada Ltd. and Zoe Yujnovich has been named executive vice-president, heavy oil. Source: News
BP finds buyer for Alabama petrochemical complex
BP PLC has entered a deal with Indorama Ventures Public Co. Ltd., Bangkok, for the sale of its Decatur, Ala., petrochemicals complex as part of the company’s previously announced reorganization of its global petrochemicals business. Source: News
IHS: Global upstream M&A deal value plunged 22% in 2015
The overall merger and acquisition (M&A) deal count in the global upstream business plunged in 2015 as the weakness and volatility in crude oil prices made it difficult for buyers and sellers to achieve consensus on value and outlook, according to analysis by IHS Inc. Source: News
MARKET WATCH: NYMEX, Brent oil prices fall before US inventory report
Light, sweet crude prices for February fell moderately Jan. 5 on markets in New York and London, which analysts attributed to weaker-than-expected Chinese manufacturing statistics and US factory orders. Source: News
Way named Southwestern’s president, chief executive officer
Bill Way has been appointed president and chief executive officer of Southwestern Energy Co., Houston, succeeding Steve Mueller. Source: News
6 Jan 2016 10:02:48 EST – The latest stock information is now available for your stocks
XOM Last 77.06 Change –1.06 % Change 1.36% Volume 2,031,357 As of: 6 Jan 2016 10:02:48 EST View: Stock Quote | News CVX Last 87.0026 Change –2.6074 […]
API: Obama should capitalize on US energy successes in final year
American Petroleum Institute Pres. Jack N. Gerard urged US President Barack Obama to pursue energy policies in the final year of his presidency that capitalize on successes in increasing oil and gas production, strengthening the general economy, and reducing greenhouse gas emissions. Source: News
UK North Sea production rose in 2015 despite oil prices
Government statistics indicate UK North Sea oil and natural gas production rose for the first time in more than 15 years despite slumping oil prices, said Oil & Gas UK, whose members include oil and gas producers and contractors. Source: News
Australian funds buying Maui gas pipeline
A group led by Shell has agreed to sell the Maui Pipeline, a natural gas transmission system in New Zealand, to two infrastructure funds managed by First State Investments of Australia. Source: News
HollyFrontier lets contract for New Mexico refinery
HollyFrontier Corp., Dallas, through a contractor, has let a contract to Elliott Group, Jeannette, Pa., a subsidiary of Ebara Corp., Tokyo, to supply compression equipment as part of a project designed to enable cleaner fuel production at its 109,250-b/d (115,000-b/sd) Navajo refinery in Artesia, NM. Source: News