Anadarko Petroleum Corp. last Tuesday announced the pending retirement of CFO James R. Larson and the promotion of two executives within its North American exploration and production operations. Larson, a 25-year Anadarko veteran, said he will retire by the end of the year.
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Anadarko CFO to Retire, Two North American Execs Promoted
Anadarko Petroleum Corp. on Tuesday announced the pending retirement of CFO James R. Larson and the promotion of two executives within its North American exploration and production operations. Larson, a 25-year Anadarko veteran, said he will retire by the end of the year.
Inhofe Introduces Producer-Favorable Bills on Hydraulic Fracturing, Storm Water Discharges
Sen James Inhofe (R-OK), chairman of the Environment and Public Works Committee, introduced two energy-related bills this week, one that says the Environmental Protection Agency (EPA) does not have authority to regulate hydraulic fracturing under existing law, and a second that clarifies congressional intent in the 1987 amendments to the Clean Water Act that uncontaminated storm water discharges from oil and gas exploration, production, processing and treatment sites are exempt from the costly EPA storm water program.
Consultant: LNG Won’t Lead to Sharply Lower U.S. Spot Prices
Don’t count on a multitude of new liquefied natural gas (LNG) import terminals and a flood of LNG collapsing domestic gas prices, said James Trifon, Wood Mackenzie’s managing consultant for North America LNG. Most of the import terminals planned won’t make it, and the underlying tight domestic supply situation will continue to support the market, he said in a preview of a presentation to be given at GasMart on March 18 in New Orleans (see http://www.gasmart.com/).
Consultant: LNG Won’t Lead to Sharply Lower U.S. Spot Prices
Don’t count on a multitude of new liquefied natural gas (LNG) import terminals and a flood of LNG collapsing domestic gas prices, said James Trifon, Wood Mackenzie’s managing consultant for North America LNG. Most of the import terminals planned won’t make it, and the underlying tight domestic supply situation will continue to support the market, he said in a preview of a presentation to be given at GasMart on March 18 in New Orleans (see http://www.gasmart.com/).
Cinergy Chief Doesn’t See New Gas-Fired Plants
Expanding on Cinergy’s plans to reduce emissions ahead of regulatory requirements, CEO James Rogers said the Midwestern company that serves 1.5 million customers and burns 30 million tons of coal per year will continue to face environmental and capacity addition issues.
Conoco’s Mulva Volunteers to Give Up Current Contract
In a signal that top management expects to see results put ahead of compensation, James Mulva, CEO of ConocoPhillips, has volunteered to give up some of his top perquisites, which required terminating his lucrative employment contract.
Conoco’s Mulva Volunteers to Give Up Current Contract
In a signal that top management expects to see results put ahead of compensation, James Mulva, CEO of ConocoPhillips, has volunteered to give up some of his top perquisites, which required terminating his lucrative employment contract.
Mulva to Succeed Dunham as ConocoPhillips Chairman
ConocoPhillips’ board of directors on Thursday elected James J. Mulva, 58, to succeed Archie W. Dunham as chairman of the board when Dunham retires at the end of September. Mulva, who had been chairman and CEO of Phillips Petroleum Co. when it merged with Conoco, will retain his president and CEO titles.
CFTC’s Newsome Resigns, to Be Nymex’s New President
The Commodity Futures Trading Commission (CFTC) on Friday announced the resignation of Chairman James E. Newsome, who has accepted the position of president at the New York Mercantile Exchange (Nymex), according to a statement from the exchange that also was released on Friday. The CFTC said the resignation is effective July 23.