Editor's note: This "On the Move" section appears in the new E&P newsletter. This weekly section highlights new hires, appointments, retirements and promotions as well as company news such as new office locations and major M&A deals. Submit your company news to Ariana Hurtado at firstname.lastname@example.org. Subscribe to the E&P newsletter here.
The Supervisory Board of OMV Aktiengesellschaft selected Alfred Stern as the new chairman of the Executive Board and CEO of OMV, effective Sept. 1. Stern is currently OMV Executive Board member for Chemicals & Materials. The current chairman of the Executive Board and CEO of OMV Rainer Seele will resign from his position in the Executive Board by mutual agreement on Aug. 31.
Michael Dumas has joined Carbon Neutral Energy (CNE) as chairman. Formerly president of Cameron International’s Flow Control Division, Stuart Nelson has been appointed CEO of CNE (USA).
MHI Compressor International Corp. (MCO-I) has appointed Jun Fukuda as its new president and CEO. He succeeds Manabu Saga, who has returned to Hiroshima as an adviser for MCO.
ALLY has appointed Shanta Eaden COO, effective June 7.
Ørsted has appointed Richard Hunter COO and the new member of the Executive Committee of Ørsted.
Gulfport Energy Corp. said May 18 it had successfully emerged from bankruptcy with former leadership of recently acquired QEP Resources at its helm. Gulfport exited bankruptcy with a new board of directors and also announced the retirement of its CEO David M. Wood. In the interim, Timothy J. Cutt, who was named chairman of the new board as well, was appointed CEO. Additionally, the company said Quentin Hicks has resigned as CFO to pursue other opportunities. Gulfport tapped William “Bill” J. Buese to serve as CFO Hicks’ replacement. Gulfport said the new board will conduct a search for a permanent CEO “at the appropriate time.”
Schlumberger has appointed Dr. Katharina Beumelburg chief strategy and sustainability officer. As a member of the executive team, Dr. Beumelburg will oversee corporate strategy, sustainability, marketing and communications activities across the company.
EOG Resources Inc. has announced that Jeffrey R. "Jeff" Leitzell has been promoted to executive vice president, exploration and production, joining the headquarters executive management team effective immediately.
FourPhase, the solids and production performance specialist for the oil and gas sector, has appointed Jim Berndt executive vice president of Middle East and APAC.
TDI-Brooks has hired Forrest Walker to take on the lead role in the Marine Geotechnical service line as a field geotechnical engineer.
Michael Cuff has been hired by WAGO for the position of business development of PCB & electronic interconnect specialist.
The Georgia Ports Authority board has elected new officers for the coming fiscal year: Joel Wooten will serve as chairman, Kent Fountain as vice chairman and Alec Poitevint as secretary-treasurer.
Cabot Oil & Gas Corp. and Cimarex Energy Co. have announced that they have entered into a definitive agreement whereby the companies will combine in an all-stock merger of equals. The transaction is expected to close in the fourth quarter of 2021.
TGS-NOPEC Geophysical Company ASA has acquired 4C Offshore Ltd., a market intelligence and consultancy firm, providing research and insights to the offshore wind industry.
Upstream oil and gas engineering company Viking Engineering, a GATE Energy company, has opened the Viking Engineering Laboratory in Houston. The Viking Laboratory addition will provide clients complete failure investigation and forensic services, metallurgical evaluations, and material testing services directly overseen by Viking's engineers and metallurgists.
bp reached an agreement June 1 to purchase 9 GW of solar development projects in the U.S. from independent U.S. solar developer 7X Energy. The acquisition represents a significant step toward bp’s target of growing its net developed renewable generating capacity to 20 GW by 2025 and aim to increase this to 50 GW by 2030. The deal will also grow bp’s renewables pipeline from 14 GW to 23 GW. The assets will be developed through bp’s 50-50 solar joint venture Lightsource bp, applying Lightsource bp’s capabilities to accelerate bp’s renewables targets.
The American Association of Petroleum Geologists (AAPG) and the Society of Petroleum Engineers (SPE) announced an exploration of the benefits and opportunities of a merger creating the energy professionals' organization for the future. With unanimous consent from the AAPG Executive Committee and the SPE Board of Directors, a steering committee was created to explore opportunities to form a new combined organization in response to an evolving energy sector and challenging COVID-19-impacted market environment. View FAQs here.
Green infrastructure developer Cerulean Winds has revealed a plan to accelerate decarbonization of oil and gas assets through an integrated 200-turbine floating wind and hydrogen development that would shift the dial on emissions targets and create significant jobs. The £10 billion proposed green infrastructure play would have the capacity to abate 20 million tonnes of CO2 through simultaneous North Sea projects West of Shetland and in the Central North Sea.
The Hydrogen Taskforce has welcomed global risk management and quality assurance services firm, DNV, to join its coalition of U.K. organizations operating and innovating in and across the hydrogen sector.
CTI-Maritec, a fuel and environmental technical advisory company for the maritime industry, has cut ribbon on a new fuel testing center in Shanghai, China. The official opening June 1 of the new testing laboratory, located in the city’s Minhang District, coincides with the first anniversary of Centre Testing International (CTI) Group’s acquisition of Singapore’s fuel testing company Maritec. The new facility forms part of CTI Group’s strategy to expand its fuel, ballast water, hazardous material and environmental testing services across the major maritime hubs around the world.
2022-08-15 - As its shares tumble 13%, CEO says Beach is holding its capital in pursuit of acquisitions.
2022-08-15 - Kimmeridge Energy Management intends to help California Resources Corp. further develop its carbon capture and sequestration projects.
2022-08-12 - Brigham Minerals partially redeployed the proceeds from a divestiture in the Anadarko Basin during the second quarter into debt reduction and its acquisition ground game in the Permian Basin.
2022-08-11 - European power crunch will likely lead to hike in EBITDA.
2022-08-11 - Saipem's recently awarded engineering, procurement and construction contracts will lead to Angola's first non-associated gas field project.