Acadian Energy Inc. (TSX VENTURE:ACX) announced the appointment of Mark Lawrence as Interim CEO, effective September 10, while Chairman John McDevitt is on a Leave of Absence for medical reasons.
Mr. McDevitt will remain a director of the Company, as will Mark Lawrence.
Mr. Lawrence commented, "the Company is continuing to refocus its efforts to identify and pursue New Albany Shale Oil opportunities and will continue to welcome John's contribution and assistance as a director in this regard while he is on leave."
U.S. crude oil production is expected to fall by 600,000 bbl/d in 2020 to 11.63 million bbl/d, the EIA said July 7, a smaller decline than the 670,000 bbl/d it forecast previously.
Malaysia is considering listing the exploration and production arm of state energy company Petronas, the world’s third-biggest exporter of LNG, state news agency Bernama reported on Sept. 27 citing Prime Minister Mahathir Mohamad.
Origin Energy said in a statement that it would remain responsible for the development of Ironbark, which is an onshore coal seam gas development in Australia.