Gas leak at Texas oil refinery prompts evacuation

No injuries were reported due to a gas leak at a Texas City, Texas, refinery that forced the evacuation of nearby homes on Saturday, a city official said. Production at Marathon Petroleum Corp’s 76,000-barrel-per-day capacity Texas City oil refinery, located about 50 miles south of Houston, was unaffected by the leak, said Marathon spokesman Robert... 

Global Oil and Gas Upstream M&A 2010 Review

Record $211 billion in deals announced in 2010; Study sees another strong year in 2011 with more than $90 billion of properties on the market. PLS Inc., with international partner Derrick Petroleum Services and further analysis from Rystad Energy, reports global upstream oil and gas M&A activity for 2010 reached a record $211 billion. That volume... 

Helix Announces Departure of COO

Helix Energy Solutions Group, Inc. announced today that Bart Heijermans has resigned as Executive Vice President and Chief Operating Officer effective January 21, 2011. Mr. Heijermans’ duties will be assumed by Owen Kratz and other members of senior management. Owen Kratz, Helix’s President and Chief Executive Officer, stated “Since... 

Milagro Announces James G. Ivey as New President and CEO

The Board of Directors of Milagro Exploration is pleased to announce the appointment of James G. Ivey as its new President and Chief Executive Officer effective January 1, 2011. Mr. Ivey also was named to Milagro’s Board of Directors. Mr. Ivey has served as Milagro’s Executive Vice President & Chief Financial Officer since December 2008. Prior... 

Offshore Hydrocarbon Mapping plc (“OHM”) Appointment of Dr. Michael Frenkel as V.P. of Research & Development

Offshore Hydrocarbon Mapping plc (AIM: OHM) announced today the appointment of Dr. Michael Frenkel as V.P. of Research and Development, based in Houston, Texas. Previously Dr. Frenkel was V.P. of Geosciences at EMGS Americas. During the last three years, Dr. Frenkel has been managing a spectrum of large-scale marine CSEM exploration projects and also... 

Enhanced Oil Resources Inc. Provides 2011 Activity Update

Enhanced Oil Resources Inc. is pleased to provide the following update regarding the Company’s proposed activity for 2011. The Company had previously announced on December 22nd 2010 that it had completed a $25 Million bank credit facility with Regions Bank. The credit facility capped a year where the Company produced four straight quarters of... 

PAA Natural Gas Storage Announces Agreement to Acquire Southern Pines Storage Facility

PAA Natural Gas Storage today announced that it has entered into a definitive agreement to acquire SG Resources Mississippi, LLC, (“SG Resources”). The primary asset of SG Resources is the Southern Pines Energy Center natural gas storage facility (“Southern Pines”). Total consideration is approximately $750 million. Subject to regulatory approval,... 

Enhanced Oil Resources Inc. Announces New US $25 Million Bank Credit Facility with Regions Bank.

Enhanced Oil Resources Inc. today announced that two of its wholly-owned U.S. subsidiaries have executed a reducing revolving Credit Facility with Regions Bank, Houston, Texas providing for up to US $25,000,000 in development financing for its oil and gas properties located in New Mexico. The new Credit Facility provides an initial borrowing base of... 

Senior Banking Executive Named to PPL Corporation Board

PPL Corporation announced Monday (12/20) that Steven G. Elliott, who has nearly four decades of auditing and banking experience, has been named to the company’s board of directors, effective Jan. 1, 2011. Elliott currently serves as senior vice chairman of BNY Mellon. During his extensive career with that company, he served as chief financial... 

Energen to Present at UBS Bus Tour Conference

Energen Corporation senior managers will meet with members of the investment community at the UBS Bus Tour in Houston on Thursday, December 16, 2010. Associated meeting materials will be available for viewing on Energen’s web site, energen.com, beginning Thursday, December 16, 2010, at 7:00 a.m. ET. Energen Corporation is a diversified energy holding...