Here is a list of human resources highlights as appeared in the Daily Oil Bulletin for the week ending Dec. 1, 2017:
Alberta oil and gas jobs recovery continues: Ceci
Alberta’s labour market continues to recover, largely as workers return to jobs lost during the downturn — notably in the non-renewable resource industry, says finance minister Joe Ceci.
“The ones that were lost are coming back, and that is in the oil and gas sector and that is in the affiliated trades that support the oil and gas sector, as well as in areas such as housing starts and new businesses starting up,” Ceci told a news conference on Nov. 28 as the government released its fiscal Q2 update.
As of October 2017, the provincial economy had regained 41,000 of the 62,000 jobs lost during the downturn in commodity prices, led by a 70,000-plus increase in fulltime positions that offset parttime losses. Around 20,000 of those recovered jobs are in the oil and gas sector.
The province projects employment growth of one per cent in 2017 and 1.5 per cent in 2018, which closely aligns with the original budget forecast. The province expects a full return to pre-downturn employment numbers next year.
High Arctic appoints new CEO
High Arctic Energy Services Inc. has appointed J. Cameron Bailey to the position of chief executive officer. He was most recently managing director, investment banking at AltaCorp Capital Inc. responsible for oilfield services, midstream and international exploration and development.
Bailey has had extensive experience as a founder, senior executive and board member managing the Canadian and international operations of oilfield services companies.
Board changes at Laricina
Laricina Energy Ltd. has announced that Barry Jackson resigned from the company’s board of directors, a position he has held since Dec. 6, 2005. The company also announced Andrew Darling’s board resignation.
CPPIB Credit Investments Inc., a wholly-owned subsidiary of the Canada Pension Plan Investment Board, is entitled, pursuant to a participation agreement with Laricina dated Nov. 30, 2015, to nominate up to three of the five directors to the board by virtue of its registered and beneficial ownership interest in the equity of Laricina.
Darling acted as such a nominee since November 2016. CPPIB Credit expects to nominate a replacement director for Darling soon. To fill the other board vacancy, the company announced the appointment Garry Mihaichuk to the board on Nov. 21. Also, Ian Bruce has indicated his intention to step down from the board before the end of the year.
Sanjel appoints new president
Sanjel Energy Services announced that as part of the company’s growth strategy, Murray Bickley will assume the role of president, effective immediately.
Bickley will lead the execution of the company’s strategic initiatives, which include its expansion plan with the formation of a new dedicated remediation business line. The remediation business line will focus on solutions for well abandonment, integrity, gas migration, acidizing and miscellaneous pumping operations.
Shane Hooker remains as chief executive officer, leading the company’s growth strategy to maximize Sanjel’s value for employees, clients and shareholders.
Venezuela names general as oil boss
Mere days before a key Organization of Petroleum Exporting Countries meeting, Venezuela President Nicolas Maduro has named a military leader the nation’s new oil supremo as it grapples with United States sanctions, overdue bond payments and dwindling production.
Major General Manuel Quevedo will replace both former PDVSA president Nelson Martinez and oil minister Eulogio del Pino, Maduro said Sunday on the state television program “Domingos Con Maduro.”
In comments during a two-hour broadcast by Maduro, Quevedo said he would go after “saboteurs” and defeat a “corrupt bureaucracy,” while offering only a brief nod to boosting oil production and improving refinery operations.
Pemex appoints new CEO
The new head of state-owned Mexican oil and gas company Petroleos Mexicanos (Pemex) will have a difficult balancing act ahead of him, with the need to increase oil and gas production and to improve the efficiency of its refineries, while dealing with its balance sheet difficulties, according to experts who follow the company.
Carlos Alberto Trevino Medina, who was appointed on Nov. 27 by Mexican President Enrique Pena Nieto as the company’s new chief executive is the second Pemex head to be appointed in the last two years.
Medina, the former corporate director of management and services, replaces Jose Antonio Gonzalez Anaya, who took over as the head of Pemex in February 2016, replacing Emilio Austin Lozoya.
AltaGas chairman Cornhill appointed to Imperial board
Imperial Oil Limited has appointed AltaGas Ltd. chairman David Cornhill to its board. He has 35-plus years of experience with leading energy and energy infrastructure companies, and 25-plus years in C-suite positions.
Founding AltaGas in April 1994 and serving as chairman of the board and chief executive officer until April 2016, Cornhill is an experienced leader in the business community and is a strong supporter of communities and community collaboration, investment and enhancement.
MEG appoints Daniel Farb to its board
MEG Energy Corp. has appointed Daniel Farb to its board of directors. He is managing director of Highfields Capital, a Boston-based investment firm that manages over US$12 billion on behalf of endowments, foundations, pension funds and other institutional investors and is MEG's second largest shareholder.
Farb joined Highfields in 2001 and is a partner on the investment team, focusing primarily on energy. Previously, he worked in the mergers and acquisitions and principal investment groups at Goldman Sachs. Farb is a graduate of McGill University and holds an MBA from Harvard Business School.
Precision Drilling makes boards board appointment
Precision Drilling Corporation added Michael Culbert to its board of directors. He is vice-chairman of Progress Energy Canada Ltd., a wholly owned subsidiary of PETRONAS.
Prior to becoming vice-chairman, Culbert served as president and chief executive officer of Progress Energy. Culbert also served as president of Pacific NorthWest LNG from 2014 to 2016 where he led an international consortium through a successful regulatory and consultation process.
He also served as vice-president of marketing and business development at Encal Energy Ltd. from 1995 to October 2001 and worked in various positions within finance and marketing at Home Oil Company Ltd.