Schlumberger Ltd.’s board of directors has appointed Olivier Le Peuch as its CEO and member of the board, effective Aug. 1. Le Peuch succeeds Paal Kibsgaard, who will retire as CEO after 22 years of service to the company. Kibsgaard will step down as chairman of the board and retire as a member of the board of directors. Mark G. Papa will become nonexecutive chairman of the board.
Halcón Resources Inc. has appointed Richard Little CEO. In addition, CFO Quentin R. Hicks has decided to step down. A replacement had not been named as of July 9.
De Nora has named Dr. Mirka Wilderer to lead the company’s Water Technologies group as CEO, replacing retiring predecessor Theo Brandes.
John Allegretti, founder of Arrows Up Inc., has retired as the company’s CEO. Justin Renfro, president of company affiliate OmniTRAX Energy Solutions, has assumed leadership positions for both entities.
National Fuel Gas Co. has promoted Ronald C. Kraemer to president of National Fuel Gas Supply Corp., succeeding David P. Bauer, who has become president and CEO. Kraemer will continue in his role as president of Empire Pipeline Inc. Karen M. Camiolo will be named treasurer and principal financial officer. Elena G. Mendel has been promoted to controller and principal accounting officer. David H. Anderson has been appointed independent director.
Flowline Specialists has appointed Ross Whittingham CEO. Former CEO Jim Smith has stepped down to pursue new challenges. Graeme Chalmers has been appointed COO.
Corrosion Resistant Alloys LP has named Matt Pond CFO.
Ole Martin Grimsrud has been named Aker Solutions’ CFO. He replaces Svein Oskar Stoknes, who is taking over as CFO of Aker ASA.
Equinor has appointed Siv Helen Rygh Torstensen as general counsel, succeeding Hans Henrik Klouman, who has taken on a role as senior adviser to the executive vice president CFO. Ana Fonseca Nordang will take over the position as senior vice president of people and leadership, succeeding Magne Hovden, who will become vice president and Singapore country manager, effective Sept. 1.
OriginClear Inc. has selected Tom Marchesello as COO.
SEACOR Marine Holdings Inc. has announced that Robert Clemons has stepped down as executive vice president and COO.
OPITO has appointed Brandon Grosvenor vice president of strategic development for the Americas region.
Chevron Corp. named David Inchausti corporate vice president and comptroller. Inchausti succeeds Jeanette Ourada, who has elected to leave the company.
Ryan Zinke, former U.S. Secretary of the Interior, has joined Cressman Tubular in an advisory role.
2H Offshore has appointed Mélanie Bonnissel director of the company’s new regional office in Paris.
Xodus Group has appointed Ismael Ripoll as a new advanced analysis lead.
Opportune LLP has welcomed Shaun Ahn as managing director to lead its Tax Advisory practice.
Callon Petroleum Co. agreed on July 15 to acquire Carrizo Oil & Gas Inc. in an all-stock transaction valued at $3.2 billion, gaining oil weighted positions in the Permian Basin and Eagle Ford Shale. The transaction is expected to close during the fourth quarter.
Baker Hughes, a GE company, announced the inauguration of its multimodal facility for oil and gas in Luanda, Angola.
Milestone Environmental Services has begun construction of the company’s first oilfield waste landfill in Orla, Texas. The 80-acre landfill is co located with Milestone’s existing Orla slurry injection facility and will accept all oilfield waste streams including cuttings, contaminated soils and water-based and oil-based muds, with room to expand capacity.
Global Compressor LP has expanded its Houston headquarters. The expansion allows for 678-sq-m (7,300-sq-ft) of additional space, housing a machine shop and valve repair center, doubling the number of machines on site.
C&J Energy Services and Keane Group announced in June a $1.8 billion all-stock merger agreement. The deal, which is expected to close in the fourth quarter of the year, would create a combined company with about 2.3 million hydraulic fracturing horsepower and make it the third-largest U.S. pressure pumping firm behind Schlumberger and Halliburton.
CGG has signed a binding term-sheet with Shearwater GeoServices Holding AS for a strategic partnership for marine seismic acquisition services and creation of a new streamer technology company. The transaction is expected to close by the end of the year.
Ithaca Energy Ltd. has entered into an agreement to acquire Chevron North Sea Ltd. for $2 billion. The transaction is expected to close around the end of the third quarter of the year.
Emerson has completed the purchase of Zedi’s software and automation businesses. The addition of Zedi’s cloud SCADA platform will enable Emerson to help oil and gas producers increase production and lower operating costs through cloud-based monitoring, control and optimization.
ClockSpring|NRI has acquired Milliken Infrastructure Solutions LLC, previously a subsidiary of Milliken & Co. The acquisition expands ClockSpring|NRI’s line of composite solutions for industrial process and transmission pipelines and adds new technologies for water and wastewater infrastructure restoration.
Akastor ASA’s wholly owned subsidiary, MHWirth AS, has entered into agreements with Bronco Holdings LLC for the effective purchase of 100% ownership interests in Bronco Manufacturing LLC for a total consideration of $31.5 million.
Jay Graham is back after the successful sale of WildHorse Resource Development to Chesapeake Energy with a new venture—this time in the Permian Basin.
Devon Energy had been actively shopping the Permian Basin assets, and others in the Rockies, the past several months.
Years of M&A since the last downturn have produced suboptimal returns, which may lead oil and gas majors to focus on asset-level deals.