An official, who asked not to be named, said businessman Jide Omokore was being investigated in connection with a crackdown on corruption in the oil sector that has swept up former oil minister Diezani Alison-Madueke, who was arrested last week in London.
PESA has named Ryan Bowley as the group’s vice president, operations and external affairs, and Molly Smart as vice president, communications and member relations, according to a news release.
Marvin J. Migura joined Oceaneering in 1995 as senior vice president and CFO and was appointed as executive vice president in 2011. Migura will remain a senior vice president.
Kay Priestly retired from Turquoise Hill in December 2014, having become CEO in May 2012. Prior to that, she was CFO of Rio Tinto’s global copper product group.
Alison-Madueke was minister from 2010 until May 2015 under former president Goodluck Jonathan, who was defeated by Muhammadu Buhari at the polls in March.
Rowe replaces Jack B. Moore, who is retiring as the company's CEO. Moore continues to serve as chairman of the board of Cameron.
According to an internal document seen by Reuters, the cuts form part of Repsol’s 2016 to 2020 strategic plan. Cuts will be made over the next three years.
The reorganization program aims to improve efficiency and removing complexity to become a more agile and competitive company.
Owen¹s top priorities in her role are to accelerate the company¹s performance in its current markets and advance the company into new verticals, according to the release.
Thomas Powell Richards became president of DI Industries in 1996. While there, company acquisitions helped create Grey Wolf. He was its chairman, president and CEO until retiring in 2008.
The assets are 11 oil and gas fields, including a 70% stake in the Breagh Field which produces 3% of Britain's annual gas output, Reuters said.
Member Venezuela has pushed for an emergency OPEC meeting with Russia to stem the tumble in prices, Reuters said. Kuwait’s oil minister said global crude oversupply now is about 1.8MMbbl/d.