Energy Players

April 1, 2012

Murphy Oil chairman dies

Walker named Anadarko CEO

Anadarko Petroleum Corp. has promoted Al Walker, the company's president and COO, to the position of president and CEO. Jim Hackett, who was named Anadarko's CEO in December of 2003, will continue serving the company in the newly created position of executive chairman. The changes will be effective May 15, 2012. Walker will stand for election to the company's board of directors at that time. As executive chairman, Hackett will continue to play an important role in the company's strategic direction, while being a spokesperson for the company and industry, as the US works to develop a long-term, effective energy policy. Hackett will serve as executive chairman through the company's Annual Meeting of Stockholders in 2013, and will retire from Anadarko in June 2013. Walker has more than 30 years of experience in the energy industry, with a focus on exploration and production. In more than six years with Anadarko, he has served in positions of increasing responsibility, including senior vice president, finance, CFO, COO and president. Walker currently is a director of CenterPoint Energy Inc. and Western Gas Holdings LLC, a subsidiary of Anadarko and general partner to Western Gas Partners LP.

Chisholm named Flotek Industries CEO

John Chisholm has added CEO to his list of responsibilities at Houston-based Flotek Industries Inc. Prior to the appointment, Chisholm served as president and chairman. In conjunction with Chisholm's additional title, the company and Chisholm have agreed to a new three-year contract which will run through February 28, 2015. In addition, the Compensation Committee of the Board of Directors has approved 2012 compensation for certain executive officers of the company, including a supplemental bonus program acknowledging the leadership team's efforts in 2011. Details of the compensation plan, which pays total cash bonuses of $660,000, were provided in a March 8 filing with the Securities and Exchange Commission.

Leaver to depart CEO role at Dubai Mercantile Exchange

The Dubai Mercantile Exchange Limited announced that CEO Thomas Leaver will depart the exchange to pursue other interests after six years of service. The Board of Directors has appointed a Transition Committee to oversee the search for his replacement. Leaver will support the Committee until a new chief executive has been hired. Joining in 2006 as COO, Leaver played a key role in the development and launch of the DME. He has been CEO since 2008. The DME was launched in June 2007 with the goal of bringing fair and transparent price discovery and efficient risk management to East of Suez, a fast growing commodities market and large crude oil supply/demand corridor. Today, DME Oman is the explicit and sole benchmark for Oman and Dubai crude oil Official Selling Prices (OSP), the historically established markers for Middle East crude oil exports to Asia Pacific.

Steuert to retire as Fluor CFO in May

After more than a decade of service, senior vice president and CFO D. Michael Steuert will retire from Fluor Corp. at the end of May. Steuert will remain with Fluor through the end of the year in a consulting role. Biggs C. Porter has been appointed senior vice president and company CFO. He joined Fluor on April 9, 2012, and will become CFO on May 4, 2012, after first quarter 2012 financial reporting is complete. Porter joins Fluor from Tenet Healthcare where he spent the last five and half years as CFO. Porter will be based in Fluor's global headquarters in Irving, Texas, and will report to Fluor's chairman and CEO David Seaton. As CFO, Porter will lead Fluor's finance, audit, investor relations, compliance & ethics, and mergers & acquisitions functions.

NCS Survey appoints Braziloperations manager

Torsten Marten has been named Brazil operations manager at NCS Survey, an Aceton company. Marten will be based in Rio de Janeiro, Brazil. A graduate in hydrography and ocean science from the University of Plymouth, UK, Marten has over 17 years' experience in the offshore survey industry in field and project management roles. He joins NCS from Subsea 7, where he was a project surveyor involved in major deepwater projects, including Total's Pazflor development in Angola and the Petrobras PRA-1 tie-in project in Brazil. NCS Survey provides global survey and positioning services to the offshore markets, including the upstream oil, gas and renewable energy sectors and marine and remotely operated vehicle (ROV) contractors. The company has international experience and provides low-logistics autonomous underwater vehicle (AUV) surveys and real-time 3D subsea visualization systems (SVS). Aceton provides the international offshore oil industry with specialized engineering services focused on linking subsea services.

GEG names Bolds chief legal counsel

Greene's Energy Group (GEG) has named Lance Bolds chief legal counsel. Bolds joins GEG from Global Industries Offshore LLC, where he was employed as an in-house senior legal counsel. Based in Houston, Bolds will provide general counsel for Greene's Energy Group, LLC, operations worldwide. He is a member of the State Bar of Texas and licensed to practice before all state courts in Texas in addition to the Southern District Court in Houston. He has more than 15 years of combined business and legal experience in dealing with an array of matters particular to complex infrastructure and offshore oil and gas construction projects. Bolds holds a Bachelor of Science in Business Law and American Jurisprudence from the University of Houston- Clear Lake and a Juris Doctor from South Texas College of Law. Greene's Energy Group is a provider of integrated testing, rentals and specialty services for drilling, production, pipeline and process operations.

Former Wyoming attorney general joins Crowell & Moring

Former Wyoming Attorney General Bruce A. Salzburg has joined Crowell & Moring LLP's Environment & Natural Resources Group as senior counsel. Salzburg joins from private practice and is reunited at Crowell & Moring with former Wyoming Governor Dave Freudenthal, who appointed him to serve as Wyoming Attorney General from 2007 to 2011. Governor Freudenthal, who opened Crowell & Moring's Cheyenne office, will work with Salzburg to advise Crowell & Moring clients on a wide range of environmental, energy, and natural resources issues. Salzburg will draw upon his experience in both litigation and regulatory matters to serve clients operating throughout the United States and the Rocky Mountain region. Salzburg's move to Crowell & Moring comes as part of a long-term initiative to expand the firm's work for clients operating in the energy and natural resources sector. He served as senior assistant and chief deputy to three former Wyoming attorneys general from 1979 to 1983. As Wyoming's attorney general, he served as the state's chief legal officer, advising the governor and other state officials, and overseeing diverse litigation affecting many aspects of the State's economy. Salzburg is a graduate of the University of Miami (Florida), where he earned an AB in Economics and his JD. He is a member of the State Bar of Wyoming, the US District Court for the District of Wyoming, the US Court of Appeals for the Tenth Circuit, the US Court of Federal Claims, the US Court of Appeals for the District of Columbia Circuit, and the US Supreme Court.

SPEE announces new Executive Committee

A new Executive Committee was elected at the Society of Petroleum Evaluation Engineers' (SPEE) annual Board of Directors meeting held January 16, 2012 in Denver, Colorado. Dr. Marshall Watson (SPE) of Texas Tech University (Lubbock, TX) was elected president, and Richard Krenek (SPE) of Netherland, Sewell & Associates (Dallas, TX) will progress into the role of vice president, as Barry Ashton (SPE) of AJM Deloitte (Calgary, AB) moves to the position of past president. New to the Executive Committee as the secretary/treasurer is Samantha Meador (SPE), Denham Capital (Houston, TX). The membership of SPEE

elects three new directors to the Board annually, each of whom will serve a term of three years. The Board consists of 13 members, four of whom are elected to the Executive Committee in which they serve progressive year-long terms as secretary/treasurer, vice president, president and then past president.

Sir George Buckley named Expro chairman

Expro has appointed Sir George Buckley as its new chairman. Sir George has been the US-based chairman, president and CEO of 3M since December 2005. His appointment takes effect June 1. Prior to leading 3M, Sir George was chairman and CEO of Brunswick Corp., following a successful tenure as president of the US Electric Motors Division and the Automotive and Precision Motors Division of Emerson Electric Co. in St. Louis. Previously, he was managing director (president) of the Central Services Division of the British Railways Board. Sir George has a PhD in engineering, and also holds a BSc in electrical and electronic engineering and three honorary doctorates. Sir George received his knighthood in the Queen's birthday honors list last year, marking decades of achievement in industry.

Weatherford names Briscoe new CFO

Multi-national oilfield service company Weatherford International Ltd. has appointed John H. Briscoe senior vice president and CFO. Briscoe joined Weatherford in August 2011 as vice president and chief accounting officer. Prior to joining the company, Briscoe served as vice president and controller of Transocean Ltd. He started his career with seven years in public accounting beginning with the firm of KPMG and ending with Ernst & Young as an Audit Manager and has over 30 years of experience. He graduated from the University of Texas with a BBA in accounting and is a certified public accountant.

Andrew P. Becnel, CFO, and James M. Hudgins, vice president, tax, left the company effective March 31, 2012.

American Liberty appoints Ramirez VP

American Liberty Petroleum Corp. has appointed energy industry veteran Vincent Ramirez to the company's management team in the position of VP Operations. Vincent earned a BS from the University of California, Santa Cruz, and an MA from the University of California, Santa Barbara. He spent six years as chairman of the board of directors for Siberian-based Vostochnaya Transnational Co. He has also worked as an industry consultant, including drilling and developing California-based oil and gas fields, and evaluating projects for foreign investors. Other previous work includes geologic mapping in California for the US Geological Survey; preparing geologic maps of various California areas for Amoco; and holding Exploration and Operations Geologist roles for Shell Western E&P, including Production Geologist for San Joaquin Valley operations and exploration wildcats involving 12 oil fields and 120,000 barrels of oil per day operations.

Cantor Fitzgerald adds Fiore, Young as managing directors

Cantor Fitzgerald & Co., a financial services firm, has strengthened its Prime Services Group with the additions of John Fiore and Marc Young. Fiore, formerly of Bank of America, and Young, formerly of BNP Paribas, will serve as managing directors of sales, responsible for business development and origination for hedge fund clients. Fiore will be located in New York and Young will be located in San Francisco. Fiore joins Cantor Prime Services from Bank of America Merrill Lynch where he served as a director and senior financing salesperson in its Prime Brokerage Group. Earlier, he served in securities financing roles at Goldman Sachs. Young joins Cantor Prime Services from BNP Paribas where he served as vice president helping to expand BNP's prime brokerage presence on the West Coast. Previously, he served as a director at UBS Securities LLC. Earlier, Young worked at Morgan Stanley's Prime Brokerage Division and Husic Capital Management.

Shell shuffles directors

Royal Dutch Shell plc has shuffled its directors. Malcolm Brinded has stepped down as an executive director of Shell April 1, 2012. He will remain at Shell until April 30, 2012 in order to assist with the transition of his responsibilities. Brinded is currently executive director upstream international. He first joined Shell in October 1974. In 1998, he became managing director of Shell UK Exploration and Production and from 1999 until 2002 he was Shell country chairman in the UK. He has been a member of the Royal Dutch Shell plc Board (and its predecessors) since 2002. Prior to his current role, he was executive director in charge of exploration and production. The board has appointed Andrew Brown as upstream international director. He will be a member of the executive committee and will be based in the Netherlands. Brown has worked for Shell for over 27 years in various roles. Currently he is executive vice president, Qatar. Brown holds a degree in Engineering Science from Cambridge University. In addition, Royal Dutch Shell plc announced that Hans Wijers, a non-executive director of the company, chairman of the Remuneration Committee and a member of the Nomination and Succession Committee, has been appointed Deputy Chairman and Senior Independent Director with effect from May 23, 2012. Wijers will succeed Lord Kerr of Kinlochard who, as announced on February 1, 2012, will be standing down as a non-executive director with effect from the close of business of the 2012 Annual General Meeting. Josef Ackermann, a non-executive director since 2008 and a member of the Remuneration Committee, has been appointed a member of the Nomination and Succession Committee with effect from May 23, 2012. Sir Nigel Sheinwald, who will be standing for election as a non-executive director at the 2012 Annual General Meeting, has been appointed a member of the Corporate and Social Responsibility Committee with effect from July 1, 2012. All appointments are subject to the relevant directors being elected or re-elected by shareholders at the 2012 Annual General Meeting which is scheduled to be held on May 22, 2012.

Anderson tapped SunGard chief customer officer

Milista Anderson has assumed a new position of chief customer officer for SunGard's Energy and Commodities business, based in Houston, Texas. She will be responsible for developing a customer strategy to continuously improve customer experience. Anderson has been with SunGard's Energy and Commodities business for six years, operating primarily within its service delivery and support teams. She has 30 years' experience in the design, development and delivery of systems, processes and organizational infrastructures within software development across various industries. She holds a bachelor's degree from the University of Tennessee at Chattanooga and ME.d from University of Houston. SunGard is a privately held software and technology services company that provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.

Safran to join Natural Resources group at Deutsche Bank

Andrew Safran will join Deutsche Bank's Natural Resources coverage group as a managing director and vice chairman. He will be based in New York, reporting to Jacques Brand, global co-head of Investment Banking Coverage and Advisory and co-chairman of the Corporate Finance Executive Committee. Safran will also become a member of the bank's Corporate and Investment Banking Americas Executive Committee. He will join from Citigroup where he has spent the last 24 years, originally joining Smith Barney in 1988. Since 2011, Safran has been chairman of the Energy, Power and Chemical groups and vice chairman of Global Banking. Previously he was Global Head of Energy, Power and Chemicals. Safran holds a BA in Political Science and an MA in International Affairs from The Fletcher School of Law and Diplomacy at Tufts University.

Hendricks named COO at Patterson-UTI as Wall plans to retire CEO post

Patterson-UTI Energy Inc. has named William Andrew (Andy) Hendricks, Jr. COO, effective April 2, 2012. Hendricks comes from Schlumberger Ltd. where he has served since 2010 as president, Schlumberger Drilling and Measurements. In addition, Doug Wall, president and CEO of Patterson-UTI has informed the company's board of directors of his intention to retire later this calendar year, and it is expected that Hendricks will assume the position of president and CEO upon Wall's retirement. Hendericks spent over 24 years with Schlumberger with positions of increasing responsibility and complexity. Wall will continue as a consultant for Patterson-UTI for two years following his tenure as CEO to ensure a smooth transition. Hendricks earned a bachelor of science degree from Texas A&M University and completed executive finance training at IMD in Switzerland in 2008. He started his career working for Ocean Drilling and Exploration Co. as a roustabout and roughneck on Ocean Spur jack-up rig in the Gulf of Mexico.

Parker Drilling names interim CEO

Parker Drilling, an international drilling contractor and service provider, announced the departure of David C. Mannon, president, CEO and director, to pursue other interests effective March 9, 2012. Robert L. (Bobby) Parker Jr., the company's executive chairman and previous CEO, will resume the duties of president and CEO and continue to serve as executive chairman while the company continues its search for Mannon's permanent replacement.

Hercules Offshore taps Vann, Wasmuth as new VPs

Hercules Offshore Inc. has named Son P. Vann to vice president Investor Relations and Planning and John F. Wasmuth to vice president Tax. Vann joined the company in June 2010 as the director, Investor Relations and Finance. Prior to joining Hercules, he served in various financial roles at Jefferies & Company, Solomon Smith Barney, and UBS. He holds a bachelor's degree from the University of Texas at Austin and is CFA Charterholder. Wasmuth has served as the company's director of Tax since he joined Hercules in August 2010. His experience includes positions with Repsol Services, Cameron International and Shell Oil Co. Wasmuth holds a BBA from the University of Texas at Austin and is a Certified Public Accountant.

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