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.
Dril-Quip Inc. has named Jeffrey J. Bird CEO after current CEO Blake T. DeBerry plans to step down by year-end after nearly a decade with the company. Read more here.
OMV has appointed Alfred Stern CEO and chairman of the executive board.
LyondellBasell has announced that CEO Bhavesh V. Patel will retire by year-end after almost 12 years with the company. Upon his departure, he will also resign from the company’s board of directors. Read more here.
Newpark Resources Inc. has appointed Matthew Lanigan president and COO. The promotion is part of the company’s CEO succession plans since president and CEO Paul Howes announced his intentions to retire in February 2022. Read more here.
NGL Energy Partners LP has named Linda Bridges CFO and executive vice president, succeeding Robert W. Karlovich III after he announced his resignation. Read more here.
Tendeka B.V. has appointed Jonathan Abbott CTO.
ICR Integrity has named Alan McQuade group managing director. Willie Rennie will also move into a consultancy role after serving as chief executive.
Global Underwater Hub has appointed Andrew Hodgson as the company’s first chair.
Southwestern Energy Co. has acquired privately held Indigo Natural Resources LLC, expanding the Appalachian Basin player’s natural gas focus into the Haynesville Shale. With about 275,000 net effective acres, Indigo was the third largest private natural gas producer in the U.S., producing 1 Bcf/d net from Louisiana’s Haynesville. Read more here.
Quantum Energy Partners will form HEQ Deepwater, a new venture with Houston Energy LP focused exclusively on developing deepwater projects in the U.S. Gulf of Mexico. HEQ Deepwater received more than $400 million of equity capital commitments from Quantum and management. Read more here.
DNV acquired the consulting arm of Antuko Energy S.A., taking aim at the Latin America and Iberia power markets. To date, Antuko has aided the development, financing and construction of more than 4GW of renewable energy assets while also supporting more than 20 transactions through its M&A advisory team. Read more here.
Clearway Energy Inc. will acquire the remaining 50% equity interest in the Utah Solar Portfolio that it does not currently own. The portfolio consists of seven utility-scale solar farms located in Utah representing 530 MW of capacity that achieved commercial operations in 2016. Read more here.
Iraq approved BP Plc’s plan to spin off its operations in the country as the British oil company looks to shift focus to low-carbon investments. The new company, Basra Energy Ltd., would hold BP’s interest in Iraq’s giant Rumalia oil field and be jointly owned by China National Petroleum Corp., one of BP’s partners at the site. Read more here.
Hess Corp. completed the sale of its subsidiary Hess Denmark ApS, which holds a 61.5% interest in the South Arne Field, to INEOS E&P AS for a total consideration of $150 million. INEOS operates the Siri Field area in Denmark and expects to unlock operational and cost synergies between the two assets. Read more here.
Quanta Services Inc. will acquire Blattner Holding Co. for $2.7 billion in cash and stock as part of the service provider’s push into renewables. Blattner provides front-end engineering, procurement, project management and construction services to leading renewable energy developers for wind, solar and energy storage projects. Read more here.
For the month, drillers added 13 rigs, putting the count up for a 14th month in a row for the first time since July 2017, as rising oil prices have prompted drillers to return to the wellpad.
Spraberry Field producers in the Midland Basin announced by Headington Energy plus Chesapeake Marcellus Shale completions in Pennsylvania’s Wyoming County and another Exxon Mobil Guyana discovery top this week’s oil and gas drilling activity highlights from around the world.
How an AI technology reduced site visits, operating costs and carbon emissions while increasing efficiencies and safety for an E&P operator.