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Sunday, December 9, 2018

Marathon Oil News

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Equatorial Guinea Punishes Subsea 7

in the oil sector have an obligation to work within the confines of our very flexible and pragmatic local content regulations," Gabriel Obiang Lima, minister of hydrocarbons and mines said in a statement.Operators ordered to stop working with Subsea 7 include Noble Energy, Exxon Mobil and Marathon Oil .Subsea 7 was not immediately available to comment on the banning order, although it said in September it was aware of the increased focus on local content and would "work closely with authorities to ensure we meet all applicable local regulations."Obiang Lima said he was encouraged

Gretchen Watkins (Photo: Maersk Oil)

Maersk Oil CEO to Step Down after Total Takeover

Oil, Gretchen Watkins, will leave the company when Total's acquisition of the company has been completed, Maersk said Wednesday.   Watkins joined Maersk Oil as Chief Operating Officer in January 2014 and took the role of CEO in October last year. Prior to joining Maersk Oil, she had worked at Marathon Oil and BP.   Total agreed last month to buy the oil and gas business of A.P. Moller-Maersk for $7.45 billion, strengthening the French major's operations in the North Sea.   The current COO at Maersk Oil, Martin Rune Pedersen, will become vice president of Total's operations in Norway

Ian Tyler, Chairman of Cairn

Cairn Energy Appoints Two Directors

and Electricity Markets Authority, which has supervisory responsibility for Ofgem. Peter Kallos Peter Kallos completed an undergraduate degree in Applied Physics at Strathclyde University followed by a postgraduate degree in Petroleum Engineering, starting his career as a Petroleum Engineer at Marathon Oil in 1982. Following a period at Carless Exploration, he joined Enterprise Oil in 1988 where he held a number of senior management positions including Head of Business Development, CEO Enterprise Italy and General Manager of the UK business during which he was appointed to Enterprise’s Executive

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