PETROECUADOR INHERITS TEXACO VENTURE'S HELM

Petroleos del Ecuador has taken over as operator of its joint venture with Texaco Inc. that accounts for more than two thirds of Ecuador's crude oil production. Depending upon the outcome of a separate Texaco proposal involving a tertiary oil recovery project, the move could presage Texaco's exit from Ecuador in 2 years. Petroecuador is pressing efforts to boost production from the joint venture area in the central Oriente jungle region.

Aug 6th, 1990
In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Companies
Personnel Moves & Promotions
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.

OGJ editors
Oct 10th, 2019
Companies
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.

Rick Wilkinson
Oct 9th, 2019
Personnel Moves & Promotions
Berthelet appointed Gran Tierra Energy COO

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

OGJ editors
Oct 7th, 2019
Personnel Moves & Promotions
Strategic Oil & Gas names CEO, COO

William Lancaster will join Strategic Oil & Gas Ltd., Calgary, as president and chief executive officer Oct. 17, succeeding Tony Berthelet, who has resigned to pursue another opportunity.

OGJ editors
Oct 4th, 2019
Companies
EP Energy files petitions under Chapter 11

EP Energy Corp., a Houston independent with programs in the Eagle Ford, Permian, and Northeastern Utah areas, filed voluntary petitions under Chapter 11 reorganization in the US Bankruptcy Court for the Southern District of Texas.

OGJ editors
Oct 4th, 2019
Personnel Moves & Promotions
Looney to succeed Dudley as BP chief

Bernard Looney will become group chief executive and a director of BP PLC in February, succeeding Bob Dudley, who will retire at the end of March.

OGJ editors
Oct 4th, 2019
191004 Husky Prince George Refinery
Refining
Husky finds buyer for Prince George refinery

Husky Energy Inc. has agreed to sell its 12,000-b/d refinery in Prince George, BC, to Tidewater Midstream & Infrastructure Ltd. for $215 million (Can.) in cash plus a closing adjustment for inventory.

Robert Brelsford
Oct 4th, 2019
HSE
Chevron sets new greenhouse gas reduction goals

Chevron Corp. has established new goals to reduce its net greenhouse gas (GHG) emission intensity. The company intends to lower upstream oil net GHG emission intensity by 5-10% and upstream natural gas net GHG emission intensity by 2-5% from 2016 to 2023.

OGJ editors
Oct 3rd, 2019
Pipelines & Transportation
Holly Energy, Plains form Cushing joint venture

Holly Energy Partners and Plains All American Pipeline have formed a joint venture, Cushing Connect Pipeline & Terminal. The JV will develop and construct a 160,000-b/d common-carrier crude oil pipeline connecting Cushing oil hub to a Tulsa refinery.

OGJ editors
Oct 3rd, 2019
Companies
Petro Rio adds additional interest in Frade field

Petro Rio SA has closed on the deal to acquire Frade Japao Petroleo, a joint venture formed by Inpex and Sojitz that holds a 18.26% working interest in Frade field, a heavy oil and gas field in Brazil’s Northern Campos basin.

OGJ editors
Oct 2nd, 2019