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 email@example.com. Subscribe to the E&P newsletter here.
Ranger Energy Services Inc. has appointed Stuart Bodden president and CEO, and he has joined the board of directors. Bodden will succeed Bill Austin, who has been acting as the company’s interim CEO. Read more here.
EPIC Midstream Holdings LP has appointed Michael Garberding CFO. Read more here.
ROVOP has named Daniel Wheeler president for the Americas as the company grows in North and South America.
Milestone Environmental Services LLC has named Chris Davis vice president of carbon sequestration.
Sidley Austin LLP has named Trent Bridges partner.
Houlihan Lokey has appointed Tom Carlson managing director. Read more here.
EXCEED Energy has appointed Brad Girdwood operations manager of Exceed Australia.
OMV has named Christine Catasta to the supervisory board as first deputy chairwoman. She was also appointed to the presidential and nomination committee, the portfolio and project committee, and the audit committee as well as chairwoman of the remuneration committee.
Stress Engineering Services Inc. (SES) has opened two new offices in Irvine, California, and Columbus, New Jersey. The company’s logistics service company, Advanced Logistics Optimization Engineering Group LLC, moved into its first office space in Columbus and will serve as its headquarters and an East Coast base for SES. Four staff member led by Chad Whyte will manage the office. Ehsan Rajabi and Ken Cramer will manage the new California office just south of Los Angeles.
Santos Limited has agreed to buy Oil Search to create a global top 20 oil and gas company, even as the Papua New Guinea government raised concerns that a takeover could harm national interests. The deal will make Santos the largest shareholder in Australia’s biggest resource project, the PNG LNG project, operated by Exxon Mobil Corp. Read more here.
EXCEED Energy has launched Exceed Australia as it eyes the country’s burgeoning decommissioning sector and a revitalized offshore market. The company continues to implement a strategy of international expansion with its fifth overseas entity, which builds upon recent expansion into Mexico and Norway. Exceed’s entry into the local decommissioning and well management market is bolstered by the advent of a collaborative relationship with ICON Engineering.
Johnston Carmichael LLP has created a new export team to advise clients on the opportunities arising from the fast-moving transition to a low-carbon economy. The Energy, Infrastructure and Sustainability team will be led by Mark Stewart, partner and head of Johnston Carmichael’s Edinburgh office. The team will also include Graham Alexander and Alan Dick, whose knowledge of the oil and gas industry will enable the firm to offer advice across all aspects of the energy transition.
ChampionX Corp. sold its Corsicana, Texas, chemical manufacturing plant to RPM International Inc. as part of the company’s strategy to improve its balance sheet. The transaction includes a supplier agreement with RPM to support ChampionX’s future manufacturing needs. Read more here.
Milestone Environmental Service LLC created a carbon sequestration business unit focused on carbon capture and sequestration for middle market emitters. The unit will offer turnkey storage management solutions, including concept, permitting, design, development, funding and operations for midstream and other significant industrial emitters. Customers will benefit from the management and monetization of their CO2 emissions through Class VI injection.
Enbridge Inc. will acquire Moda Midstream LLC in a $3 billion cash deal that significantly advances its U.S. Gulf Coast export strategy. Moda Midstream is a liquids terminal and logistics company backed by EnCap Flatrock Midstream. Among its assets, the company operates the nation’s largest crude export terminal by volume, which includes a very large crude carrier capability and 1.5 MMbbl/d of export capacity. Read more here.
The EPSm contract approach is an example of open innovation that delivers wells on a partial turnkey basis.
An Anadarko Basin case study reviews rock property/lithology estimation from well data and seismic inversion results.
A statistical approach helps address uncertainty in the estimation of shale volume, water saturation and porosity from well log data.