Withdrew

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Occidental Petroleum Corp. (Oxy) Chairman Ray Irani withdrew as a nominee to serve another term on the board of directors, and he was a no-show for the company’s annual meeting in Santa Monica, CA, on Friday (May 3), Oxy said. Edward Djerejian, a former U.S. diplomat who served as an ambassador to Israel and who is a former assistant secretary of State, is assuming the role of independent chairman. He has been an independent director since 1996. Spencer Abraham, the former secretary of Energy for President George W. Bush, was elected independent vice chairman. Irani, 78, had worked at Oxy since 1978, taking over as chairman and CEO in 1990 after founder Armand Hammer died. Irani, who had planned to retire in 2014, had turned over the CEO post two years ago to Steve Chazen, 66, who had served in the executive suite since 1994. Earlier this year Irani had attempted to oust Chazen, which led to criticism by major shareholders. However, days ago the board said Chazen would remain CEO through 2014 “with full board support.”

May 6, 2013

Investor Revolt Sends Oxy Chairman Irani Packing

Occidental Petroleum Corp. (Oxy) Chairman Ray Irani on Friday withdrew as a nominee to serve another term on the board of directors, and he was a no-show for the company’s annual meeting in Santa Monica, CA, Oxy said.

May 6, 2013

Weaver’s Cove LNG Terminal Scrapped

Proponents of the Fall River, MA, liquefied natural gas (LNG) import terminal, who fought for years to build Weaver’s Cove LNG, withdrew their application last week with barely a whimper.

June 20, 2011

Controversial Weaver’s Cove LNG Terminal Scrapped

Proponents of the Fall River, MA, liquefied natural gas (LNG) import terminal, who have fought for years to build Weaver’s Cove LNG, withdrew their application on Monday with barely a whimper.

June 15, 2011

Bridger-Teton Decision to Ban Drilling Reversed

The U.S. Forest Service on Thursday withdrew its decision to not permit oil and natural gas drilling in the Bridger-Teton National Forest in the Wyoming Range.

May 9, 2011

Marcellus Driller Withdraws Lease Offer in West Virginia

Appalachian-based producer AB Resources on Tuesday withdrew an offer to pay the city of Moundsville, WV, at least $206,500 for the right to drill for natural gas on city property.

November 19, 2010

Forecast, Erroneous Storage Coverage Moves Futures Higher Wednesday

While the East region withdrew 11 Bcf from natural gas storage for the week ended Nov. 16, the Producing and West regions combined to make the country’s net movement for the week a 4 Bcf injection, according to the Energy Information Administration’s (EIA) Wednesday report. Despite the bearish number, it appeared that a major media storage reporting error, combined with a new forecast for near-term cold in the Midwest, pushed December natural gas futures to a high of $7.620 before the contract closed at $7.550, up 7.3 cents from Tuesday’s close.

November 26, 2007

Offshore LNG Given Another Black Eye; ConocoPhillips Shelves Compass Port

The fate of many U.S. offshore liquefied natural gas (LNG) import projects was clouded Friday after ConocoPhillips withdrew its application for the 1 Bcf/d Compass Port LNG terminal upon being notified by Alabama Gov. Bob Riley that he intended to veto the application for the offshore Alabama LNG deepwater port.

June 12, 2006

CPUC Nominee Withdraws From Consideration Citing Conflicts

Steve Poizner, a Silicon Valley telecommunications multi-millionaire entrepreneur, withdrew his name on Wednesday from consideration to fill one of the five seats on the California Public Utilities Commission (CPUC), citing too many conflicts with his rich and varied personal investment portfolio. Poizner, an unsuccessful candidate for an elected state legislative seat two years ago, said he plans to run next year for the state Insurance Commissioner’s post.

April 11, 2005

CPUC Nominee Withdraws From Consideration Citing Conflicts

Steve Poizner, a Silicon Valley telecommunications multi-millionaire entrepreneur, withdrew his name on Wednesday from consideration to fill one of the five seats on the California Public Utilities Commission (CPUC), citing too many conflicts with his rich and varied personal investment portfolio. Poizner, an unsuccessful candidate for an elected state legislative seat two years ago, said he plans to run next year for the state Insurance Commissioner’s post.

April 8, 2005
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