Departure

No Timetable on New Chesapeake CEO, Says Interim Chief

Chesapeake Energy Corp. continues to look for a new CEO but it has no timetable on when one might be in place, acting chief Steven C. Dixon said last week. Dixon, who served as a lieutenant to former CEO Aubrey McClendon for 22 years and has been COO, will run the company as the search for a permanent chief continues.

April 8, 2013

AGA: LNG Exports Will Not Have a ‘Material Impact’ on Prices

Coming on the heels of the departure of chemical giant Dow Chemical Co. from the National Association of Manufacturers (NAM) over a dispute involving liquefied natural gas (LNG) exports and a decision by chemical firm Huntsman Corp. to join a coalition opposing gas exports, associations representing interstate natural gas pipelines and gas distribution lines expressed their unwavering support for U.S. sales of domestically produced gas to foreign countries.

January 25, 2013

Interim Chief Takes Reins at Encana

Encana Corp. President and CEO Randy Eresman’s sudden departure last Friday is fueling speculation by energy analysts and investors about who might become his successor. Encana director Clayton H. Woitas, who is CEO of privately held Range Royalty Management Ltd., will be interim president and CEO until a successor is named.

January 15, 2013
Poland Readies Draft Shale Gas Regulations

Poland Readies Draft Shale Gas Regulations

The government of Poland plans to issue draft rules covering shale gas extraction within a week, the next step to help the country take advantage of what may be vast quantities of natural gas, authorities said Tuesday.

October 12, 2012

Eagle Ford Deal Top Priority for Interim Forest Chief

Following the abrupt departure of Forest Oil Corp. (FST) CEO H. Craig Clark, one analyst that follows the company suggested that his quick exit was related to the company’s failure to strike a joint venture (JV) in the Eagle Ford Shale of South Texas.

June 25, 2012

Kerr-McGee Postpones Royalty Lawsuit, Agrees to Mediation

In a startling departure from its hard-line stance, Kerr-McGee Corp. on Friday said it postponed its lawsuit against the Interior Department over royalty relief for deepwater oil and natural gas leases to participate in mediation of the dispute with the agency.

July 5, 2006

Calpine’s Founder, CEO Departs; Court Ruling, New Financial Strategy Loom

Calpine shares lost more than half (71 cents) of their value on Tuesday after the company announced the departure of founder and CEO Peter Cartwright and CFO Robert D. Kelly.

November 30, 2005

EnCana to Sell NGL Business to Provident for $586M

In a week filled with earnings news and the announced departure of its CEO (see Daily GPI, Oct. 27), EnCana Corp. on Thursday said it has reached an agreement with some of its affiliates to sell substantially all of its natural gas liquids (NGL) business to Provident Energy Trust for $586 million (C$697 million). The sale is expected to close by the end of the year.

October 28, 2005

Oil-Natural Gas Price Increase Gap Could Force Switching, Analyst Says

While prices for all of the energies have been on the rise for the past year, the price increases in natural gas and crude oil have not been proportionate, a departure from the norm, according to a new Merrill Lynch study.

August 31, 2005

People

The New York Mercantile Exchange Friday announced the departure of Nachamah Jacobovits, who had risen through her 15 years service with Nymex to the post of senior vice president of corporate communications in 2002. Jacobovits joined the Exchange in 1989. In her most recent capacity, Jacobovits was responsible for media relations; advertising; branding and corporate image; sports sponsorships; the Exchange website; editorial services, including speeches and publications; production of print and audio-visual materials; and all other forms of dissemination of public information. Exchange Chairman Mitchell Steinhause said, “Nachamah has made many valuable contributions to the Exchange in her 15-and-a-half years and has been responsible for growing the company’s brand on an international scale. Her exceptional talent and tireless efforts have raised the awareness of the Exchange’s many successes in both its business and charitable endeavors. We wish her the best of luck as she pursues new career opportunities.”

December 20, 2004
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