Here is a list of human resources highlights as appeared in the Daily Oil Bulletin for the week ending May 19, 2017:
Management changes at Storm
Emily Wignes is assuming the role of vice-president, finance, at Storm Resources, replacing John Devlin, who has been associated with the company and its predecessors for 13 years.
A chartered accountant with 15 years of experience, Wignes joined Storm in December 2016 after two years at an intermediate producer where her most recent position was manager, financial reporting. Prior to that, Wignes worked at other intermediate and large producers and prior thereto at a multi-national accounting firm.
Meanwhile, Michael Hearn is assuming the role of chief financial officer, replacing Donald McLean, who has been associated with Storm and its predecessor companies for 17 years.
A chartered accountant with 14 years of experience, Hearn joined Storm in November 2016 after six years with an independent energy investment bank with his last position being equity research analyst. Prior to that, Hearn was employed at a junior international producer and also spent six years at a multi-national accounting firm.
Both McLean and Devlin will continue to provide advisory services on an as needed basis in the near term. Their contributions to Storm and its predecessor companies have been significant and much appreciated, says management.
TransGlobe board changes in Q1
TransGlobe Energy Corporation appointed two new directors, Matthew Brister and Steve Sinclair, to its board of directors during the first quarter of this year. Geoff Chase, a long-term director with TransGlobe, is to retire this month.
Whitecap appoints director
Heather Culbert has been appointed to the Whitecap Resources board of directors, and will also serve as a member of the corporate governance and compensation committee and the health, safety and environment committee.
An active volunteer and philanthropist currently serving as the chair of the board of governors of the Southern Alberta Institute of Technology, vice-chair of Export Development Canada, liaison to United Way Worldwide for United Way of Calgary, and a director of the United Way World Leadership Council, Culbert served as Enerplus Resources Fund senior vice-president of corporate services before retiring in 2006.
Sunshine Oilsands proposes changes to board
Sunshine Oilsands announced Qi Jiang and Gerald F. Stevenson have confirmed they will not stand for re-election at the annual meeting of the corporation to be held on June 27. Their terms as director of the corporation will expire at the conclusion of the AGM.
Gloria Pui Yun Ho, currently the chief financial officer of Sunshine, is proposed for election as an executive director while Jeff Jingfeng Liu is proposed for election as an independent non-executive director of the corporation at the upcoming shareholders meeting.
Nigerian oil workers extend ExxonMobil strike to Chevron, Agip and Shell
Nigerian workers from an oil labour union have extended a strike to oil majors Chevron Corporation, Royal Dutch Shell plc and Eni subsidiary Agip in protest over the sacking of members from Exxon Mobil Corporation, the union's general secretary said on May 16.
Labour unions in Nigeria have held a number of strikes in the last few months in protest at the sacking of workers by oil companies. Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria recently began a strike at ExxonMobil. Strikes by Exxon workers in Nigeria at the end of last year impacted output, leading to weeks-long loading delays.
BP shareholders approve reduced CEO pay, new policy
BP plc shareholders on May 17 approved an $11.6 million pay package for chief executive officer Bob Dudley in response to investor pressure.
Shareholders at BP’s annual general meeting also approved a new remuneration policy that will lower performance incentives. With the vast majority of votes counted, shareholders adopted BP’s 2016 pay by a majority of 97.09 per cent, the highest in at least 10 years, and the new pay policy by a majority of 97.32 per cent.
Director appointments at Painted Pony
Paul Beitel and George Voneiff have been appointed to Painted Pony Energy's board of directors.
ARC Financial Corp. and EnCap Investments LP were each entitled to designate one person to serve on the board, so long as each of ARC and EnCap continued 50-plus per cent of total acquisition shares beneficially held by each of ARC and EnCap on closing of Painted Pony’s acquisition of UGR Blair Creek. As such, ARC named Beitel and EnCap named Voneiff to the board.
Alberta government helps accelerate orphan well clean up pace, creating jobs in the process
In an effort to speed up the abandonment and reclamation of orphan wells and help get the industry back to work, the Alberta government will provide a $235 million loan to the industry-funded Orphan Well Association (OWA).
The loan, which will be paid back over the next 10 years, is expected to create 1,650 new jobs over three years. Repayment will be funded through the existing orphan fund levy paid by industry and managed on the OWA’s behalf by the Alberta Energy Regulator.
Precision to recall workers as drilling rebounds
With plans to add about 700 jobs this summer, the head of Precision Drilling Corporation says most positions will be filled by company employees who were laid off earlier this year.
Speaking to reporters following Precision’s annual general meeting, CEO Kevin Neveu estimated the company will have 60 to 70 active rigs in Western Canada this summer, roughly double when compared to the last summer. His estimate was based on putting 25 field workers on each of 30 rigs, generating as many as 750 jobs.
Halliburton CEO to retire and be replaced
Halliburton says chief executive officer Dave Lesar will retire on June 1, to be replaced by Jeff Miller, Lesar’s longtime deputy and fellow board member.
Lesar will stay on as executive chairman until December 2018, when he reaches the company’s mandatory retirement age of 65. The transition, which was expected, comes as Halliburton tries to recover from a two-year oil price downturn that has eroded profit margins and forced the company to lay off thousands of workers.
Enerflex announces two new directors
Enerflex has appointed Maureen Cormier Jackson and Kevin Reinhart to its board of directors.
Cormier Jackson has over 35 years of executive, financial, and operational expertise in the oil and gas industry. Reinhart brings to Enerflex extensive executive and financial experience in international energy company operations.
Whitmarsh, former Trinidad CEO, appointed Savanna president
Savanna Energy Services has appointed former Trinidad Drilling chief executive officer Lyle Whitmarsh as its president.
Whitmarsh currently serves on the board of directors of Savanna and will assume the duties of president effective June 1. Whitmarsh is a seasoned industry executive with over 33 years of experience in the oil and gas industry.