MARKET WATCH: NYMEX crude oil price climbs on mixed inventory report

Light, sweet crude oil futures rose on the New York market for a second consecutive day to approach $53.80/bbl on Jan. 5 as traders and analysts reacted to a mixed inventory report that showed US crude oil supply levels fell while fuel supply levels jumped. Source: News


Hardisty, Bunch take SVP roles at Lucas Energy

Lucas Energy Inc., Houston, has appointed Thomas E. Hardisty as senior vice-president of land and business development and J. Mark Bunch as senior vice-president of engineering and operations. Source: News


Hendry promoted to CFO post at Penn West

David Hendry has been elevated to the role of chief financial officer of Penn West Petroleum Ltd., Calgary, where he’ll succeed the outgoing David Dyck. Hendry had served as the company’s vice-president of finance for the last 2 years. Source: News


SOCAR lets contract for grassroots gas, petchem complex

State Oil Co. of Azerbaijan Republic (SOCAR) subsidiary SOCAR GPC has let a series of contracts to Technip SA, Paris, to deliver technology licensing and design work for a proposed grassroots gas processing and petrochemical complex to be built in Garadagh, Azerbaijan, 15 km south of Baku. Source: News