Joe Gorder, Valero Energy Corp. president and chief operating officer, has been named chief executive officer, succeeding Bill Klesse.
Klesse, who has worked with Valero and its predecessor companies for 45 years, will remain the company’s chairman.
Gorder, a 27-year Valero employee, also becomes a director.
BG’s 2015 budget ‘significantly lower than 2014’
02/03/2015
BG Group plans capital expenditures on a cash basis of $6-7 billion in 2015, a range it says is “significantly lower than 2014” due to “a lower oil...
|
BP trims capital budget by $4-6 billion
02/03/2015
BP PLC plans an organic capital expenditure of $20 billion in 2015, down from the previous guidance $24-26 billion. Total organic capital expenditu...
|
EPA suggests DOS reconsider Keystone XL climate impact conclusions
02/03/2015
The US Department of State might want to reconsider its conclusions regarding potential climate impacts from the proposed Keystone XL crude oil pip...
|
IHS sees second-half end of US output surge
02/03/2015
Expectations are moderating about growth of oil production in the US this year. |
Anadarko reports 2014 loss, remains upbeat about Wattenberg
02/03/2015
Anadarko Petroleum Corp. announced a 2014 net loss of $1.75 billion, or $3.47/share diluted, including a net loss of $4.05 billion associated with ...
|
CNOOC cuts capital budget, starts production from Jinzhou 9-3
02/03/2015
CNOOC Ltd. is slashing its capital budget for 2015 by 26-35% to $11.25-12.86 billion compared with last year’s budget. Capital expenditures for exp...
|
Seven Group buys into Beach Energy
02/03/2015
Media group Seven Group Holdings, Perth, has bought 13.8% of Adelaide-based Beach Energy Ltd. through share purchases fuelling speculation of a pos...
|
Karve joins Cobalt for Cameia development
02/03/2015
Shashank V. Karve has joined Cobalt International Energy Inc. as executive vice-president in charge of development of deepwater Cameia oil field on...
|
MARKET WATCH: NYMEX crude oil stays positive on lower rig count
02/03/2015
Oil prices on the New York and London markets closed higher Feb. 2 on positive momentum generated by a falling US rig count, suggesting cuts in pro...
|
|
Transforming the Oil and Gas Industry with EPPM
With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by
|
|
Asset Decommissioning in Oil & Gas: Transforming Business
Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by
|
|
Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions
As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by
|
|
7 Steps to Improve Oil & Gas Asset Decommissioning
Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by
|
|
The impact of aging infrastructure in process manufacturing industries
Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by
|
|
What is System Level Thermo-Fluid Analysis?
This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...
Sponsored by
|
|
|
Accurate Thermo-Fluid Simulation in Real Time Environments
The crux of any task undertaken in System Level Thermo-Fluid Analysis is striking a balance between ti...
Sponsored by
|
|
6 ways for Energy, Chemical and Oil and Gas Companies to Avert the Impending Workforce Crisis
As many as half of the skilled workers in energy, chemical and oil & gas industries are quickly he...
Sponsored by
|
When
Fri, Mar 20, 2015
Oil & Gas Journal’s March 20, 2015, webcast will look at how global LNG trade will be affected over the next 12-24 months by falling crude oil prices and changing patterns and pressures of demand. Will US LNG production play a role in balancing markets? Or will it add to a growing global oversupply of LNG for markets remote from easier natural gas supply? Will new buyers with marginal credit, smaller requirements, or great need for flexibility begin to look attractive to suppliers? How will high-cost, mega-projects in Australia respond to new construction cost trends?
|
When
Fri, Mar 6, 2015
Oil & Gas Journal’s Mar. 6, 2015, webcast will focus on US midstream companies at an inflection point in their development in response to more than 6 years shale oil and gas production growth. Major infrastructure—gas plants, gathering systems, and takeaway pipelines—have been built. Major fractionation hubs have expanded. Given the radically changed pricing environment since mid-2014, where do processors go from here? What is the fate of large projects caught in mid-development? How to producers and processors cooperate to ensure a sustainable and profitable future? This event will serve to set the discussion table for the annual GPA Convention in San Antonio, Apr. 13-16, 2015. This event is sponsored by Leidos Engineering.
Fri, Feb 6, 2015
Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.
|
Fri, Jan 30, 2015
The Forecast & Review/Worldwide Pipeline Construction 2015 Webcast will address Oil & Gas Journal’s outlooks for the oil market and pipeline construction in a year of turbulence. Based on two annual special reports, the webcast will be presented by OGJ Editor Bob Tippee and OGJ Managing Editor-Technology Chris Smith.
The Forecast & Review portion of the webcast will identify forces underlying the collapse in crude oil prices and assess prospects for changes essential to recovery—all in the context of geopolitical pressures buffeting the market.
