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"I believe that we as an agency, and we as a nation, can be both pro-energy and jobs, and pro-environment," Pruitt said in his first address to EPA staff.
Prady Iyyanki has been appointed CEO and president of Houston-based Forum Energy Technologies (NYSE: FET) as part of a long-planned transition, according to a news release. Iyyanki, who currently serves as president and COO of the global oilfield products company, will succeed C. Christopher Gaut, effective May 16.
Senators voted 52-46 to approve Oklahoma Attorney General Scott Pruitt, who is expected to reform and modernize the EPA.
The Houston-based company commented that Bird's departure was not related to any disagreement with Frank's or any matters relating to its operations, policies or practices.
Pelican is the financial partner which supported the recapitalization and combination of the companies. The terms of the transaction weren't disclosed.
The planned succession will be effective after Oceaneering's annual shareholder meeting on May 5, the company said.
Since crude prices first topped $50 a barrel in May after recovering from 13-year lows last February, drillers have added a total of 275 oil rigs in 33 of the past 37 weeks, the biggest recovery in rigs since a global oil glut crushed the market over two years starting in mid-2014.
Premier said the acquired assets will supplement its existing operations in Houston, Aberdeen and Cairo and offer solutions to optimize production from both conventional and unconventional reservoirs.
The sector has benefited from OPEC’s production cut, analysts say, but declining demand remains.
Reuters said this comes soon after Frontline, John Fredriksen's listed oil tankers operator, launched a US $475 million offer for Double Hull Tankers, while Fredriksen is also trying to resolve a US$14 billion debt crisis at Seadrill, where he is chairman and the biggest shareholder.
Net loss attributable to Baker Hughes was $417 million, or 98 cents per share, in the quarter ended Dec. 31, compared with a loss of $1.03 billion, or $2.35 per share, a year earlier.
Rising oil prices are prompting producers to put more rigs back to work in North America. To meet that demand, Halliburton will start reviving fracking equipment it had idled when oil prices were slumping.