Occidental Petroleum Corp. (Oxy) named 35-year company veteran Vicki Hollub president and COO and added her to the board of directors. Earlier this year, the board signaled that Hollub eventually would replace CEO Steve Chazen after his retirement, which is expected at next year’s shareholders’ meeting. Hollub had been senior executive vice president at Oxy and president of Oxy Oil and Gas.
Articles from Board
Gulf of Mexico independent Energy XXI Ltd. has stripped John Schiller of his title as chairman following an internal investigation that found he had borrowed from vendors and obtained a personal loan from an acquaintance who later was appointed to the board.
Freeport-McMoRan Inc., which made a $9 billion bet only three years ago to pump up its natural gas and oil business, has split the board of directors to prepare for a public offering, spinoff or joint venture for the bleeding enterprise.
Lone Star Value Management LLC, which owns around 2.8% of Penn Virginia Corp. (PVA), on Friday called for a strategic review to explore "all credible proposals" in light of rumors that an offer by BP plc was rejected.
Lone Star Value Management LLC, which owns around 2.8% of Penn Virginia Corp. (PVA), on Friday called for a strategic review to explore “all credible proposals” in light of rumors that an offer by BP plc was rejected.
With shades of the Keystone XL standoff coloring the upper Midwest landscape, Iowa environmental organizations, led by the state’s Sierra Club chapter, have asked state regulators to deny a permit request from the backers of the proposed 1,100-mile Dakota Access Pipeline (DAPL), which would transport Bakken crude oil to the Gulf Coast.
After a four-hour public hearing on Tuesday, a township zoning board in western Pennsylvania delayed making a decision about a contentious ordinance passed by supervisors earlier this year that allowed Rex Energy Corp. to develop five Marcellus Shale wells near a school in the area.