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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 ahurtado@hartenergy.com. Subscribe to the E&P newsletter here.
PEOPLE
Royal Dutch Shell Plc has named Wael Sawan integrated gas and renewable and energy solutions director and Zoe Yujnovich upstream director.
Petrolern LLC has appointed Randall (Randy) Gentry director of R&D.
The Association of Energy Service Companies (AESC) has announced the passing of Mary Gill. She was a long-time supporter of the AESC, attending national meetings for many years, and she was awarded the Associate Lifetime Achievement Award for her dedication to the association in 1997.
COMPANIES
Stepan Co. has opened new corporate headquarters in Northbrook, IL. The new office is Stepan’s second Leadership in Energy and Environmental Design (LLED)-certified facility. The office space was designed with safety, sustainability, collaboration and the company’s “people first” value in mind.
Aker Solutions ASA, DeepOcean Norway AS and Solstad Offshore ASA have joined forces to create Windstaller Alliance. The partnership aims to provide the world’s most cost-efficient and complete product supply, fabrication and marine services offering within offshore wind. The alliance will also pursue other offshore renewables segments.
Diversified Energy Co. Plc has acquired Tapstone Energy LLC, the company’s fourth deal in its new central regional focus area. Tapstone focuses in the Anadarko Basin of the Midcontinent region. Diversified agreed to acquire upstream assets, field infrastructure, equipment and facilities in Oklahoma from Tapstone and an affiliate of Kennedy Lewis Investment Management for $419 million in cash. Read more here.
Recommended Reading
CorEnergy Infrastructure to Reorganize in Pre-packaged Bankruptcy
2024-02-26 - CorEnergy, coming off a January sale of its MoGas and Omega pipeline and gathering systems, filed for bankruptcy protect after reaching an agreement with most of its debtors.
Genesis Energy Declares Quarterly Dividend
2024-04-11 - Genesis Energy declared a quarterly distribution for the quarter ended March 31 for both common and preferred units.
TC Energy Appoints Sean O’Donnell as Executive VP, CFO
2024-04-03 - Prior to joining TC Energy, O’Donnell worked with Quantum Capital Group for 13 years as an operating partner and served on the firm’s investment committee.
Equitrans Midstream Announces Quarterly Dividends
2024-04-23 - Equitrans' dividends will be paid on May 15 to all applicable ETRN shareholders of record at the close of business on May 7.
Baker Hughes Awarded Saudi Pipeline Technology Contract
2024-04-23 - Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions