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Echeverry, who has headed the company since March 2015 through difficult times caused by the global fall in crude prices, has resigned for family reasons, Ecopetrol said in a statement.
Arthur James Johnson has been named CEO of Texas-based Hunting PLC, effective Sept. 1, the company said in a news release on Aug. 16.
John Freeman, who most recently served as special advisor to the integration of Technip and FMC, has been appointed senior vice president, general counsel and corporate secretary for McDermott International Inc.
Franklin, who is currently the interim chairman of Norway’s Statoil, will assume the role of Premier Oil’s nonexecutive chairman from Sept. 1, the company said.
The NOC gave no reason for the protest in Zawiya, which began on Aug. 6, forcing oil workers to gradually reduce production from Sharara which is located in Libya's south west.
On The Move
The UKCS will need to beef up its skilled workforce to remain competitive.
To meet the energy demands of future generations, the petroleum industry needs the youth of today.
Members of an oil prospecting team were kidnapped in the northeast’s restive Lake Chad Basin region on July 25, prompting a rescue bid that left at least 37 dead including members of the team, rescuers from the military and vigilantes, officials say.
The world’s second-largest oil company by market capitalization said in a statement responding to questions from Reuters that “approximately 400 [staff] are potentially at risk of redundancy during the last quarter of 2017/first half of 2018.”
Business Briefs For July 27
Residents want extraction at the field, which once supplied 10% of the EU’s gas needs, to be stopped altogether due to minor earthquakes that have damaged thousands of homes and buildings.