PEOPLE
Marathon Oil Corp. has appointed President and CEO Lee Tillman as chairman. He succeeds Dennis Reilley, who has elected to retire after nearly six years as chairman and more than 17 years on the Marathon Oil board of directors.
Akastor ASA announced that Pete Miller has been appointed executive chairman of MHWirth and Eirik Bergsvik has been named CEO.
Schlumberger has appointed Olivier Le Peuch COO.
Chevron Corp. has named Pierre Breber vice president and CFO, effective April 1. Breber replaces Patricia Yarrington, who has elected to retire after eight years with the company.
Patrick de La Chevardière, CFO of Total, will retire by the end of this year. De la Chevardière has been Total’s CFO for the last 11 years and has been with the company for 37 years.
Robert L. Norris will join Legacy Reserves Inc. as its new CFO.
MFG Chemical has named Darin Gyomory CFO.
Neptune Energy has appointed Kaveh Pourteymour CIO, based in London. He was scheduled to take up the new role in the first half of the year.
eLynx Technologies has appointed Ryan Richison CIO and promoted Scott Haven to the role of chief business development officer.
Lucid Energy Group has hired Brian T. Raber as senior vice president and COO.
Ralph E. Davis Associates, an Opportune LLP company, appointed Steve Hendrickson as president.
Renato Bastos has joined Airborne Oil & Gas as vice president Brazil.
ROVOP, a provider of subsea ROV services, has appointed Lee Wilson to the newly created role of head of technology.
Nizami Musayev joins Tendeka as a new area manager in Russia.
Caragh McWhirr has taken on the newly created position of innovation manager at Xodus Group. The company also appointed Karen Nash as its new social impact specialist.
Mid-Con Energy Partners LP announced that its board member, Peter Adamson III, passed away at the age of 77. He served as a director of Mid-Con Energy GP LLC and chairman of the audit committee.
COMPANIES
Liberty Lift Solutions LLC has expanded its presence for installing and servicing artificial lift equipment with the opening of a service center in Hobbs, N.M. The facility will initially focus on installing and servicing the company’s beam pumping and XL Long Stroke pumping unit products.
Tenaris will open a sucker rods manufacturing facility in Conroe, Texas, in July.
Ampelmann has opened a new office in Sakhalin, Russia, in a move to expand its presence in the local market.
Penspen, a global provider of engineering, asset integrity and project management services to the energy industry, opened a new office in Bogotá, Colombia.
Chesapeake Energy Corp. completed its acquisition of WildHorse Resource Development Corp. on Feb. 1.
Equinor completed its acquisition of Danske Commodities on Feb. 1.
Ophir Energy Plc agreed to be bought out by Indonesian oil and gas group Medco Energi Internasional Tbk for a bid of ₤390.6 million in cash. [Update: Ophir agreed on March 21 to sweetened takeover bid of ₤408.4 million in cash.]
OMV and Sapura Energy Berhad have closed the agreement to form a strategic partnership. OMV Exploration & Production GmbH, a wholly owned subsidiary of OMV Aktiengesellschaft, has purchased a 50% stake of the issued share capital in a new joint venture company called Sapura-OMV Upstream Sdn. Bhd for $540 million.
Send your press releases related to new hires, appointments, promotions and office openings to Ariana Hurtado at ahurtado@hartenergy.com. Please note, E&P magazine only covers upstream oil and gas news.
Recommended Reading
Permian M&A: Oxy Shops Delaware Assets, Family Oil Cos. Stand Out
2024-05-10 - As operators scour the Permian Basin for M&A opportunities, they’re keeping an eye on a tepid divestiture market. Family-owned oil companies also stand out among the pack of private inventory holders remaining in the Permian, according to Enverus Intelligence Research.
ConocoPhillips CEO Ryan Lance: Upstream M&A Wave ‘Not Done’ Yet
2024-03-19 - Dealmaking in the upstream oil and gas industry totaled $234 billion in 2023. The trend shows no signs of slowing, ConocoPhillips CEO Ryan Lance said at the CERAWeek by S&P Global conference.
Minerals Market Growing But Needs More Scale, Consolidation
2024-05-15 - The market value of public minerals and royalties companies has doubled since 2019—but the sector needs to grow even larger to attract generalist investors into the fray, experts say.
ONEOK CEO: ‘Huge Competitive Advantage’ to Upping Permian NGL Capacity
2024-03-27 - ONEOK is getting deeper into refined products and adding new crude pipelines through an $18.8 billion acquisition of Magellan Midstream. But the Tulsa company aims to capitalize on NGL output growth with expansion projects in the Permian and Rockies.
EIA: E&P Dealmaking Activity Soars to $234 Billion in ‘23
2024-03-19 - Oil and gas E&Ps spent a collective $234 billion on corporate M&A and asset acquisitions in 2023, the most in more than a decade, the U.S. Energy Information Administration reported.