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Some Houston-based oil and gas companies saw their rankings slip this year after months of low commodities prices hammered the industry.
Houston-based Apache CEO and President John Christmann, who abruptly took over the CEO role in January, is merging North American operations into two “super regions” in Houston and the Permian region in Midland. A third international and offshore super region will consist of Apache’s Egypt, North Sea and Gulf of Mexico regions.
CEO Rex Tillerson gave a stay-the-course outlook for the company, which has seen profits decline recently with lower prices for crude oil.
Supporters as diverse as the Sisters of St. Francis of Philadelphia and the As You Sow Foundation say that just having them on the ballot can spur important dialog that can advance their movement.
Houston-based Willbros opposes a proposal that is gaining momentum to require each of its directors to face annual reelection — instead of the current, staggered three-year terms — amid accusations of mismanagement and cronyism.
Deals signed during the visit of Premier Li Keqiang coincide with Brazilian President Dilma Rousseff’s efforts to kick-start an economy that is forecast to contract 1.2 percent this year, its worst performance in a quarter-century.
ConocoPhillips paid about $506 million for 98 exploration leases about 100 miles off Alaska’s north coast in 2008. In April of 2013, the company suspended its plans to drill an exploratory well in the sea, citing uncertainty in regulations.
Although CEO John Milliron said he is not satisfied with the first-quarter results, he said the company performed relatively well considering the proxy battle, low oil prices, the U.S. Steel Workers strike and a March 7 fire at Furmanite’s United Kingdom operations.
Cameron Chairman and CEO Jack Moore, who has led the company for more than seven years, plans to retire on Oct. 5 but still remain in the chairman position.
The on-site machining company for energy infrastructure and industrial plants saw its chairman resign and its corporate board expanded to welcome three activist investors who had accused the corporate leadership of ineptitude and cronyism.