Ben van Beurden, 55, who was appointed downstream director and a member of the executive committee for Royal Dutch Shell plc in January, was named to succeed Peter Voser as CEO on Jan. 1 (see NGI, May 6). Van Beurden has been responsible for refining and marketing businesses, as well as overseeing the trading companies. He also is responsible for the petrochemicals manufacturing and marketing business, which has been eyeing expansions in the United States because of increased natural gas activity, as well as the gas-to-liquids business. He joined Shell in 1983 and has worked in Houston, the Netherlands, Africa, Malaysia and most recently, the UK. He is credited with helping to turn the petrochemicals operations to profitability after several quarters of big losses. The Dutch national earned a master’s degree in chemical engineering from Delft University of Technology in the Netherlands.
Articles from Peter
Legislation in Colorado that would have imposed higher penalties for oil and natural gas operators that violated state regulations — supported by the governor and the energy industry — went down in defeat Wednesday, the final day of the session.
Peter Voser, who has led the transformation of Royal Dutch Shell plc from an also-ran in the energy industry into Europe’s leading producer and the world’s largest integrated natural gas operator, announced his surprise retirement last Thursday.
Peter Voser, who has led the transformation of Royal Dutch Shell plc from an also-ran in the energy industry into Europe’s leading producer and the world’s largest integrated natural gas operator, announced his surprise retirement on Thursday.
PG&E Corp. and its beleaguered combination utility, Pacific Gas and Electric Co. (PG&E), were rocked by a sudden setback when its CEO for the past six years, Peter Darbee, announced on Thursday that he was retiring early and the PG&E board accepted his resignation. Lead outside Director Lee Cox, a former telecommunications CEO, will assume Darbee’s chairman/CEO/President role on an interim basis effective April 30.
The shale revolution has demolished market assumptions about natural gas and instituted a new world order, which eventually could allow the “Prince of Hydrocarbons” to inherit the kingdom, according to a report unveiled Wednesday.
Peter Tumminello, who has been acting president of Houston-based Sequent Energy Management since early March, has been tapped to take over the unit by the AGL Resources board of directors. Tumminello’s predecessor, Douglas N. Schantz, in March apparently drowned in the Mississippi River in New Orleans (see Daily GPI, March 11).”With this appointment of Pete, we expect Sequent to continue to grow its leadership position as a provider of asset management services to the wholesale gas industry in North America,” said AGL CEO John W. Somerhalder II. As president, Tumminello is to lead all aspects of Sequent’s operations, including natural gas asset management, supply and distribution, trading and producer services. He also would play a key role in developing and implementing long-term growth plans for Sequent and is to join AGL’s policy committee, which develops business goals for the organization. Tumminello, who joined Sequent’s executive management team in 2003, previously was executive vice president of business development and support. Tumminello also has worked for Green Mountain Energy Co., TPC Corp. and ARCO Oil and Gas Co.