Lundin Petroleum’s board of directors has named Alex Schneiter as the company’s next president and CEO, a news release said.
The decision followed Ashley Heppenstall's decision to step down from the positions with the company. Heppenstall, who has served as president and CEO since 2002, will remain on the company’s board.
Schneiter has been executive vice president and COO of Lundin Petroleum since inception in 2001 and has in particular been instrumental in growing Lundin Petroleum's business in Norway over the last 11 years, the release said. Schneiter has been working for companies associated with the Lundin family since 1993.
Nick Walker, who recently joined the company as senior vice president development and operations, will assume the role of COO.
The changes will become effective Oct. 1, 2015.
Recommended Reading
Markman: Is MethaneSAT Watching You? Yes.
2024-04-05 - EDF’s MethaneSAT is the first satellite devoted exclusively to methane and it is targeting the oil and gas space.
US EPA Expected to Drop Hydrogen from Power Plant Rule, Sources Say
2024-04-22 - The move reflects skepticism within the U.S. government that the technology will develop quickly enough to become a significant tool to decarbonize the electricity industry.
US Finalizes Big Reforms to Federal Oil, Gas Drilling
2024-04-12 - Under the new policy, drilling is limited in wildlife and cultural areas and oil and gas companies will pay higher bonding rates to cover the cost of plugging abandoned oil and gas wells, among other higher rates and costs.
From Satellites to Regulators, Everyone is Snooping on Oil, Gas
2024-04-10 - From methane taxes to an environmental group’s satellite trained on oil and gas emissions, producers face intense scrutiny, even if the watchers aren’t necessarily interested in solving the problem.
Pitts: Producers Ponder Ramifications of Biden’s LNG Strategy
2024-03-13 - While existing offtake agreements have been spared by the Biden administration's LNG permitting pause, the ramifications fall on supplying the Asian market post-2030, many analysts argue.