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The Western Hemisphere business in the Americas designs, modifies, constructs and operates facilities for the oil and gas industry and other industrial sectors.
In November, Congo Republic lowered oil and gas royalty rates under a new petroleum code approved by Parliament as part of efforts to encourage investment in new exploration.
Argentina produces an estimated 716,000 barrels of oil per day, according to the U.S. Energy Information Agency, Reuters reported.
Jupiter Energy Ltd. appointed Sergey Kostin as the new head of operations in Kazakhstan, leading the operations team as the company prepares to restart producing in 2017 during “a critical period in the development of Block 31,” according to a Dec. 1 press release.
The area where the workers were kidnapped is close to South Waziristan, part of the lawless Federally Administered Tribal Areas bordering Afghanistan, Reuters reported.
Canada-based Niko Resources Ltd. said Nov. 25 that Robert S. Ellsworth Jr. will resign as interim CEO and director, effective Dec. 19, and also said that William T. Hornaday’s appointment as CEO will become effective Dec. 19.
Brent Eshleman was appointed as interim president and CEO of Bellatrix Exploration Ltd. after Raymond G. Smith, the president and CEO, took a temporary leave of absence for personal reasons, the company said Nov. 25.
Unions are challenging efforts by Petrobras' CEO, Pedro Parente, to dispose of assets and limit pay raises. Parente claims such actions could help prevent the company's $130 billion debt from growing, Reuters reported.
Since 2011, Adam C. Peakes has been managing director and head of OFS investment banking at Tudor, Pickering, Holt & Co.
Croatia's indictment said former Prime Minister Ivo Sanader received 10 million euros (US$10.6 million) as a bribe from MOL's CEO and chairman, Zsolt Hernadi, to allow MOL to have a dominant role in Croatia's energy firm, INA.
Andy Fisher, COO of International Frontier Resources Corp., was appointed to its board of directors.
Additionally, Algeria's Energy Minister Nouredine Bouterfa said the issue of Iran's production would not undermine a deal, Reuters reported.