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Vicki Hollub, set to become the CEO of Houston’s Occidental Petroleum next year, has been named the company’s president and chief operating officer.
Houston’s USD Partners will spend $225 million to buy a crude-to-rail loading terminal and related assets in Casper, Wyoming.
The slump in oil prices over the past year has forced oil company cutbacks, hitting the services industry that caters to it.
Cobalt International Energy, after the close of the market Tuesday, announced its chief financial officer is leaving “to pursue other interests.”
The central issue blocking a settlement is not safety, fatigue, healthcare or wages, the statement said.
The United Steelworkers union has expanded its strike to the Motiva Enterprises refinery in Port Arthur.
The CEO of offshore driller Transocean has stepped down effective Monday under a “mutually agreed” decision between him and the board.
The Houston-based midstream company’s general counsel and corporate secretary, Stephanie Hildebrandt, is leaving to join Norton Rose Fulbright, while Craig Murray, a Vinson & Elkins corporate partner in Houston, has been hired to replace her.
The price for U.S. benchmark oil is $15 lower than in last month’s report.
The cut reflects lower spending on major projects, several of which are nearing completion.