Industry News

The $7 billion XL Pipeline proposed by TransCanada Corp has hit a snag in the approval process.

Petrobras' CEO, Mr. José Sergio Gabrielli de Azevedo, gave a keynote address on November 1, 2011, to more than 400 participants at the annual Downstream Asia 2011 conference, in Singapore.

Siemens has appointed Paulo Ricardo Stark to serve as its new CEO in Brazil. Stark is a native of Brazil. He is an electrical engineer with wide-ranging international experience. His work for Siemens includes stints in Mexico and in several positions in Germany, where he most recently headed a Business Unit in the company's Industry Sector.

McJunkin Red Man Holding Corp. (MRC) has appointed James F. Underhill as Executive Vice President and Chief Operating Officer – North America and James E. Braun as Executive Vice President and Chief Financial Officer.

Midwest Energy Emissions Corp. ( ME2C) has appointed Alan Kelley as President and Chief Operating Officer effective November 1st. Kelley replaces Richard MacPherson, who will move to the position of senior vice president of Strategic Initiatives and will continue as a member of the company’s Board of Directors.

U.S.-based Greenleaf Biofuels is constructing its first biodiesel project, a 10 million gal/yr plant. The plant will utilize waste vegetable oil in a 10 million gallon per year (mgy) biodiesel plant located in New Haven, Connecticut.

Lynn Elsenhans is the first woman to lead a major oil company as CEO of Sunoco. This Forbes magazine Most Powerful Woman earns approximately USD 4.88 million per year. A Rice University graduate with a BA in Applied Science, Elsenhans also attended Harvard Business School for her MBA.

GE Energy has announced that it has acquired Converteam for USD 3.2 billion. As part of the growing trend of electrification in the oil and gas industry, its technologies are used to drive mission critical customer equipment in the production and transportation of hydrocarbons, said GE in the announcement.

Eagle Rock Energy Partners L.P. has announced its intention to install a recently acquired 60MMcf/d cryogenic processing facility in Hemphill County, Texas, in the heart of the prolific Granite Wash play. Eagle Rock expects

Petrobras' CFO and Investor Relations officer, Almir Guilherme Barbassa, was named the 2010 CFO of the Year in Brazil, in the Expansion category by Latin Trade, a pan-regional business publication in Latin America and the Caribbean.