Pourbaix named president, CEO of Cenovus | Oil & Gas Journal

Content Dam Ogj Online Articles 2017 10 Alex Pourbaix Transcanada

Pourbaix retired last May as chief operating officer of TransCanada Corp. after 27 years with the company. He also will be a Cenovus board member.

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Rohling succeeds Wright as Halcon COO

Daniel P. Rohling has succeeded Jon Wright as executive vice-president and chief operating officer of Halcon Resources Corp. following the company’s emergence from bankruptcy under Chapter 11 of the US Bankruptcy Code.

MARKET WATCH: Brent oil prices gain while NYMEX prices fall

Light, sweet crude prices fell on the New York market Oct. 9 while Brent crude prices gained on the London market as oil investors awaited the resumption of US-China trade talks, scheduled for Washington, DC, on Oct. 10-11.

Industry urged to address climate change more aggressively

The global oil and gas industry needs to take more aggressive steps as it cautiously tries to address global climate change, speakers said during an Oct. 8 discussion at the Center for Strategic and International Studies.

Ofer Group lifts takeover bid for NZOG

Eyal Ofer’s Singapore-based OG Oil & Gas (OGOG) has increased its offer for minority stakeholders of New Zealand Oil & Gas Ltd. (NZOG) by 12¢ to 74¢ (NZ)/share.

EIA: US crude inventories increase 2.9 million bbl

US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 2.9 million bbl for the week ended Oct. 4, according to data from the US Energy Information Administration.

MARKET WATCH: Crude oil benchmarks, US natural gas prices fall

Crude oil benchmarks ended slightly lower on New York and London markets on Oct. 8 while US natural gas future prices also declined after having recently snapped the longest losing streak since at least 1990.

191008 Eia October Steo Graph

EIA forecasts Brent to average $60/bbl in 2020

In its latest short-term energy outlook, the US Energy Information Administration forecasts global liquid fuels inventories in 2020 will build by an average of 300,000 b/d as supply growth outside OPEC outpaces growth in global liquid fuels demand.

Norwegian fund shedding oil sands holdings

Norway’s largest pension fund will divest holdings worth $58 million in Canadian oil sands producers because of their contributions to climate change.

Qatar Petroleum new operator of two fields

Qatar Petroleum has become operator of Idd El-Shargi North Dome and Idd El-Shargi South Dome oil fields offshore Qatar, replacing Occidental Petroleum of Qatar Ltd.

A Total subsidiary has started construction of its third and largest solar plant in Japan.

Total building third Japanese solar park

A wholly owned Total subsidiary has started construction of its third and largest solar plant in Japan.

MARKET WATCH: Crude oil prices drop slightly on world economic concerns

Light, sweet crude oil prices dropped slightly, holding flat at less than $53/bbl on Oct. 7 on the New York market.

MARKET WATCH: Crude oil benchmarks end week with a gain

Oil benchmark prices rose Oct. 4 to end the week with light, sweet crude contracts for December settling below $53/bbl on the New York market while the Brent crude contract for December settled just under $58.40/bbl.

Berthelet appointed Gran Tierra Energy COO

Tony Berthelet has been appointed chief operating officer of Gran Tierra Energy Inc., Calgary.

Trump administration unveils plan to increase 2020 ethanol quotas

The Trump administration announced on Oct. 4 that it will take steps to increase the amount of ethanol required in 2020 to meet quotas under the 2007 Renewable Fuel Standard (RFS).