Bill Barrett Board Member Resigns

- Bill Barrett Board Member Resigns

Monday, August 29, 2011
Bill Barrett Corp.

Bill Barrett announced that Randy A. Foutch resigned from the Company's Board of Directors in order to focus his time on his duties as Chief Executive Officer and a director of Laredo Petroleum, Inc., an exploration and production company founded by Mr. Foutch in 2006.

Chairman, CEO and President Fred Barrett commented, "Randy has a long and successful history in the oil and natural gas industry and has provided our Company with valuable leadership and insight through his position on our Board of Directors. We are grateful for his contributions to our success over the years and wish him continued success at Laredo Petroleum."

Mr. Foutch joined the Bill Barrett Corporation Board of Directors in July 2006. His resignation from the Company was effective August 25, 2011.

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Petrobras Elects New Board Member

-  Petrobras Elects New Board Member

Friday, July 22, 2011
Petrobras


Petrobras has elected the Brazilian Minister of Planning, Miriam Belchior, as a new member of the Company's Board of Directors.

This election, as provided in the Brazilian Corporation Law and the Petrobras By-Laws, is valid until the next General Shareholders' Meeting

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Diamond Offshore Welcomes New Member to Board

- Diamond Offshore Welcomes New Member to Board

Friday, July 22, 2011
Diamond Offshore Drilling Inc.

Diamond Offshore has appointed Ambassador Clifford M. Sobel to the Company's Board of Directors.

Ambassador Sobel served as U.S. Ambassador to the Netherlands from 2001 until 2005 and U.S. Ambassador to Brazil from July 2006 until August 2009. He is presently the Managing Partner of Valor Capital Group LLC, an investment group investing in Brazil. Previously he served as Chairman of Net2Phone, an Internet provider listed on the NASDAQ.

Ambassador Sobel is a member of the Millennium Promise Board, a non-governmental organization supporting the UN Millennium Development Goals, and also serves on the Advisory Boards to the American Military Commander of Europe and NATO, as well as the Command for American Forces for Central and South America.

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Quetzal Appoints New Board Member

- Quetzal Appoints New Board Member

Thursday, July 07, 2011
Quetzal Energy Ltd.

Quetzal announced the appointment of Andrew DeFrancesco ("Andy") to the Board of Directors effective July 7, 2011.

Mr. DeFrancesco ("Andy") is Chairman & CEO of Delavaco Capital Inc, a private equity and merchant banking group with a primary focus on natural resources. He is also Founder, Chairman and CEO of Colcan Energy, Executive Chairman of Tolima Gold Corp a Colombian gold company, Co-Founder and Former Chairman & CEO of Colombian oil companies APO Energy and P1 Energy which combined in 2010 in a merger valued at approximately $445 million. Andy was also Founder and Executive Chairman of Delavaco Energy a Colombian oil company which was sold to Allange Energy in 2009 for $100 million.

Bob Szczuczko, Quetzal Chairman and CEO stated "Andy and I were a very good team at Delavaco Energy and I look forward to working closely with him again; in his formal role as a director, Andy will provide Quetzal with strong capital markets guidance to fully exploit the significant underlying value in Quetzal."

Mr. Cameron Dow has resigned as the CFO of Quetzal effective immediately. The Board of Directors would like to thank Mr. Dow for his contributions and wish him well in his future endeavors.

Mr. John Martin CA has joined Quetzal as CFO effective July 7, 2011. John was the founding and senior partner of EvansMartin LLP, a midsize firm of Chartered Accountants. John has many years experience in finance, merger and acquisition activities, including assisting clients in establishing and integrating operations in the U.S., Europe and for the past two years, primarily in the oil and gas industries in Colombia. Through his role as CFO of APO Energy Inc. and other Colombian assignments, John has developed extensive banking, legal and accounting contacts in Colombia. John has been a CA for 37 years and is a graduate from the University of Western Ontario.

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Marathon Oil Welcomes New Member to Board

- Marathon Oil Welcomes New Member to Board

Tuesday, July 05, 2011
Marathon Oil Corp.

Marathon Oil announced that Linda Z. Cook has been elected to the Company's board of directors, effective July 1, 2011.

Cook, whose career in the oil and gas industry spanned 29 years, retired in 2009 from Royal Dutch Shell PLC where she was a member of the executive committee and the board of directors, serving as executive director of Shell Gas and Power based in Den Haag, Netherlands.

"Marathon is delighted to welcome Linda Cook to Marathon Oil's board of directors," said Clarence P. Cazalot, Jr., chairman, president and CEO. "Linda's extensive global experience in oil and gas exploration and production, her keen business insights and knowledge of other key elements of the upstream business, and her proven track record as a leader make her an outstanding addition to the Marathon Oil board."

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Board Members at Clough Wave Goodbye

- Board Members at Clough Wave Goodbye

Friday, July 01, 2011
Clough Ltd.

Clough announced that Non-Executive Directors Brian Bruce and Roger Rees have stepped down from Clough's Board, effective immediately. Mr. Bruce, who has been a Clough Board member since November 2004, retired as CEO of Murray & Roberts on 30 June 2011. Mr. Rees, who joined the Clough Board for the first time in November 2005, retired as Financial Director of Murray & Roberts at the same time.

Henry Laas, who was appointed as CEO designate and successor of Brian Bruce at Murray & Roberts on 1 April 2011, will replace Brian Bruce as Non-Executive Director to the Clough Board. Murray & Roberts' newly appointed Financial Director, Cobus Bester, will replace Roger Rees.

"I would like to thank Brian Bruce and Roger Rees for the enormous contribution they have made to Clough," said Clough's Chairman Keith Spence.

"Brian is Clough's longest serving Board member, and during his seven year tenure his strategic thinking, leadership and international expertise has helped successfully transform Clough into the world class engineering and construction business we see today.

"We have also benefited greatly from Roger's extensive international corporate finance experience. His input into due diligence studies, acquisitions and disposal of companies at Clough over his six year tenure has been invaluable.

"I wish Brian and Roger all the very best for the future and look forward to working with Henry Laas and Cobus Bester to achieve the next phase of growth at Clough."

Mr. Laas holds a Bachelor of Engineering (Mining) degree from the University of Pretoria and an MBA from the University of the Witwatersrand. He has extensive experience in the mineral resources and mining contracting sectors. As Managing Director of Murray & Roberts Cementation and its predecessor RUC Mining Contractors over 10 years since March 2001, he played an instrumental role in the expansion of the Cementation Group global footprint.

Mr. Bester is a Chartered Accountant with over 22 years experience in the construction and engineering industry. He was the group Financial Director for Basil Read and Concor Limited for 3 and 6 years respectively and was appointed Managing Director of Concor in 2005. Concor was acquired by Murray & Roberts in 2006 and subsequently delisted from the JSE Limited. Mr. Bester has been a Director of Murray & Roberts Limited since 2007.

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Transocean Board Member Resigns

- Transocean Board Member Resigns

Wednesday, June 29, 2011
Transocean Ltd.

Transocean announced that W. Richard Anderson has resigned from its Board of Directors, effective immediately, due to the demands of his duties as Chief Financial Officer of Eurasia Drilling Company Limited.

Transocean Ltd. President and Chief Executive Officer Steven L. Newman said, "We greatly appreciate the many contributions that Rich Anderson has made to our Board of Directors and our company, in particular his financial insights. We will miss Rich and wish him all the best."

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CGX Welcomes New Board Member

- CGX Welcomes New Board Member

Tuesday, June 28, 2011
CGX Energy Inc.

CGX announced that Mr. David Christian has been appointed to the Company's Board of Directors.

Mr. Christian has had an impressive 30-year career in the international E&P industry. He is a lawyer registered with the Texas and Oklahoma Bar Associations, providing strategic and operational consulting for domestic and international petroleum Companies. Until its takeover in 2006, he was the Vice President, Land and Negotiations for Kerr-McGee Oil & Gas Corporation. With the American Petroleum Institute, he has been a member of the Executive Committee for Exploration Access; with the American Association of Professional Landmen he has been a member of the Outer Continental Shelf Committee; and with the Association of International Petroleum Negotiators, a member of its Board of Directors. Mr. Christian graduated with a Bachelor of Science in Mechanical Engineering from the Arizona State University and a Juris Doctorate from the University of Tulsa.

"David's knowledge as a lawyer and experience as an officer of a major international oil and gas company will be invaluable in guiding our management team in our interactions with industry partners and our host government in Guyana. We look forward to his participation on our Board," stated Kerry Sully, Chairman of CGX.

"I am extremely pleased to join the Board of CGX. CGX has an exciting portfolio of oil and gas opportunities and I look forward to contributing to the success of the Company," said David.

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Hornbeck Offshore Says Hello to New Board Members

- Hornbeck Offshore Says Hello to New Board Members

Monday, June 27, 201
Hornbeck Offshore Services Inc.

Hornbeck Offshore announced that John T. Rynd and Kevin O. Meyers, Ph.D. have been appointed to its Board of Directors (the "Board"), effective June 23, 2011. Mr. Rynd and Dr. Meyers were appointed to fill the vacancies created by a prior resignation and the Board's decision to increase the number of its directors from seven to eight members. In addition, at the Company's Annual Meeting on June 23, 2011, the shareholders reelected Todd M. Hornbeck and Patricia B. Melcher to the Board.

Todd Hornbeck, President and CEO, commented, "We are very pleased that Mr. Rynd and Dr. Meyers have joined our board. We will greatly benefit from the collective wealth of executive management experience, leadership skills and industry insight that they bring to the Company. As an active chief executive officer of a publicly traded drilling and marine services company with a major presence in the Gulf of Mexico, Mr. Rynd has a deep understanding of the unique challenges currently facing our Company and the rest of the offshore energy industry in our core geographic market. Dr. Meyers brings to the Board significant major oil company executive experience and critical insights into the issues facing the global oil and gas industry from the perspective of one of our customers."

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Caza Board Member to Resign

- Caza Board Member to Resign

Wednesday, June 22, 2011

Caza reported that John Rooney, non-executive director of the Company, has informed the Company of his intention not to stand for re-election and to resign from the Board. His resignation will be effective as of July 12, 2011. The Board of Directors of Caza Oil & Gas has nominated David McManus to stand for election as a non-executive director of the Company. Subject to shareholder approval, David McManus' election will become effective at the Company's annual general meeting currently scheduled for July 12, 2011.

David McManus, aged 57, is a petroleum engineer with over 35 years experience in the Oil and Gas industry. In this time, he has worked for companies including Shell, Ultramar, ARCO and BG group. He has extensive Project Management and commercial expertise at a high level, and is currently a Director of Cape plc, Pioneer Natural Resources UK and Rockhopper Exploration plc. David has a first class honours degree in Civil Engineering from Heriot Watt University.

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Kodiak Says Hello to New Board Members

- Kodiak Says Hello to New Board Members

Tuesday, June 21, 2011
Kodiak O&G Corp.

Kodiak has approved the appointment of three of its executives to new positions with the Company. Effective immediately, James P. Henderson, currently Chief Financial Officer, will serve as Executive Vice-President, Finance and Chief Financial Officer, Russ D. Cunningham, currently Vice-President of Exploration, will serve as Executive Vice-President, Exploration, and Russell A. Branting, currently Vice-President of Engineering, will serve as Executive Vice-President, Operations.

The Board also announced that James Catlin, the Company's Chief Operating Officer, has informed the Company that for personal reasons, effective December 31, 2011, he intends to step down from that position. Mr. Catlin has agreed to begin a new role at Kodiak as Executive Vice-President of Business Development. The Board also appointed the Company's President and CEO Lynn A. Peterson to serve as Chairman of the Board, effective immediately. Mr. Catlin will remain a Director of the Company.

Mr. Henderson most recently joined Kodiak in April 2010 as Chief Financial Officer and has over 20 years of oil and gas industry financial and reporting experience, the majority of which was spent with public companies. He will remain the Company's principal financial officer.

Mr. Cunningham joined Kodiak in September 2004 as Northern Rockies Exploration Manager and has over 30 years of experience in oil and gas exploration, primarily in the Rocky Mountain Region and the Mid-Continent Region.

Dr. Branting joined the Company in June 2007 as Kodiak's Operations Manager. He has more than 20 years of Rockies oil and gas experience, with extensive experience in the Williston and Green River Basins.

"We are pleased to name Russ, Russell and Jimmy as executive officers of Kodiak," said Mr. Peterson. "Each has shown tremendous dedication to the Company in their geologic, engineering and operations and financial and capital markets functions. Their diligent work is evidenced by Kodiak's continued success in the Williston Basin. These gentlemen are instrumental in our efforts to improve field-level efficiencies and financial reporting functions. We appreciate Jim's leadership as COO and Chairman over the years, and we look forward to his contributions in his new role. While Jim's new position is intended to lessen the extraordinary time commitment that his prior position demanded, the Company will continue to have the benefit of his experience and strategic vision."

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Atwood Mourns Loss of Board Member

- Atwood Mourns Loss of Board Member

Tuesday, June 21, 2011
Atwood Oceanics Inc.

Atwood Oceanics announced the untimely death of its Board member Mr. Robert W. "Bob" Burgess, who passed away this past weekend in Massachusetts at the age of 69. Bob joined Atwood's Board of Directors in 1990 and has served as Chairman of the Audit Committee since 2008. Bob was the former Chief Financial Officer (Senior Vice President) of CIGNA Investment Division, CIGNA Companies, a diversified financial services company with major businesses in insurance, health care, pensions and investments.

Mr. George S. Dotson, Chairman of the Atwood Board of Directors, commented, "for over twenty years, the Board relied on Bob's experience and incisive mind in financial matters. He was a great friend to all on the Board, and we will miss his counsel and presence going forward."

Atwood's President and Chief Executive Officer Mr. Robert J. Saltiel added, "we have lost a valuable member of our Board who made many contributions to Atwood's success throughout his years of dedicated service. On behalf of all Atwood employees, I extend my deepest sympathies to Bob's family and many friends."

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Cairn Energy CEO Steps Down amid Sweeping Board Changes

- Cairn Energy CEO Steps Down amid Sweeping Board Changes

Thursday, June 16, 2011
Dow Jones Newswires
LONDON
by Alexis Flynn

Cairn announced a sweeping overhaul of its senior management team, as the company looks to strengthen its exploration emphasis following the expected completion of a delayed transaction in India.

Cairn said its founder and long-standing chief executive, Sir Bill Gammell, will relinquish his position at the helm of the Edinburgh-based oil and gas explorer in favor of Legal and Commercial Director Simon Thomson. Gammell will in turn replace Norman Murray as chairman, who leaves to take up the same position at oil and gas services company Petrofac Ltd. (PFC.LN).

Two other board members will also step down. The company will retain some other figures, including Deputy Chief Executive Mike Watts, a leader in its exploration venture.

The changes come amid expectations that Cairn will soon close a deal to sell a majority stake in its India unit to Vedanta Resources. The time-frame of the Vedanta deal, worth about $9.6 billion in cash, has been delayed amid a royalty dispute with the Indian government. Indian Oil Minister Jaipal Reddy said recently the matter could be discussed at a cabinet meeting later this month.

Following the reorganization, Gammell, 58, will retain his position as chairman of Cairn India, tasked with overseeing the successful conclusion of the company's India deal.

In addition to the change to the firm's top leadership, Cairn said two other board members would be stepping down. Chief Operating Officer Malcolm Thoms and Engineering and Operations Director Philip Tracy will also depart, said Cairn.

Finance Director Jann Brown will take up the position of managing director, reporting to new CEO Thomson.

"Cairn's key strength of entrepreneurial exploration remains the focus, offering investors significant growth potential in combination with underlying asset value and balance sheet strength," said Thomson.

Cairn shares were lower in line with other U.K. oil producers following the announcement. At 1107 GMT, they were down 8 pence, or 1.9%, at 403p, underperforming the broader FTSE 100 index, which was down 1.1%.

Deutsche Bank said it viewed the changes "to be a constructive step forward that is focused on energizing the group for its next steps of growth."

Deutsche highlighted the fact that Watts will remain as a positive. Watts has been the architect of Cairn's Greenland operations, where the company is currently drilling exploratory offshore wells.

Copyright (c) 2011 Dow Jones & Company, Inc.

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Chesapeake Energy CEO Re-Elected to Board as Chairman

- Chesapeake Energy CEO Re-Elected to Board as Chairman

Monday, June 13, 2011
Dow Jones Newswires
HOUSTON (Dow Jones Newswires)
by Ryan Dezember

Chesapeake Chief Executive Aubrey McClendon was re-elected Friday as chairman of the Oklahoma City energy producer, though the voting results showed a significant decline in shareholder support for one of the highest paid executives in the U.S.

McClendon, who had come under fire from an influential advisory firm that called for his ouster from the board, garnered about 78% of the votes cast at Chesapeake's annual shareholder meeting. Friday's vote ensures the 51-year-old executive will remain chairman into 2014, but the results signal diminished shareholder support for McClendon, who received more than 96% of the vote in 2008, the last time he stood for re-election to the board.

"This is a remarkable level of opposition," said Carol Bowie, head of compensation policy at Institutional Shareholder Services, the proxy advisory service that called for McClendon's departure from the board. Corporate board elections rarely yield opposition greater than 10%, Bowie said.

Chesapeake spokesman Jim Gipson said the vote shows "overwhelming support for management and for our board." He added that in 2008, McClendon's nearly unanimous re-election came as the company's stock climbed to a record high of $74 on historically high natural gas prices. Chesapeake shares traded Friday at $29.34, off 1.41% amid broader market declines.

McClendon, who helped found Chesapeake in 1989 and build it into the second-largest natural gas producer in the U.S., has been one of the highest paid executives in any sector in recent years, collecting compensation valued at more than $152 million since 2008. His 2010 pay package was valued at more than $21 million, according to securities filings.

ISS recommended shareholders remove McClendon from the board, citing an executive compensation system that is not tied to performance standards.

On Thursday, just ahead of the meeting, Chesapeake seemed to cave in to some of ISS's pressure, when it announced it hired an "independent compensation consultant" and committed to implement a pay system recommended by that firm that "includes objective performance criteria."

On Friday, Chesapeake's shareholders narrowly approved the company's executive compensation plan, giving the proposal about 58% of the vote, indicating widespread shareholder discontent.

As required under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, corporations must now provide shareholders with a nonbinding advisory vote on the compensation of named executive officers. So far, opposition to pay plans has been rare. According to ISS, shareholders have opposed proposals at only 31 companies out of 2,230 that had held votes by June 1.

In a separate tally, shareholders overwhelmingly asked that the plan be reviewed annually, following the board's recommendation.

Copyright (c) 2011 Dow Jones & Company, Inc.

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Maple Board Member Resigns

- Maple Board Member Resigns

Tuesday, June 07, 2011
Maple Energy plc

Maple Energy announced the resignation of Mr. Antonio Villa Mardon from his position as an independent non-executive director of the Company's Board of Directors ("Board") with effect from June 6, 2011. Mr. Villa Mardon is resigning his position on the Board to continue to pursue his other personal business interests in Peru. The Nomination Committee of the Board will commence its search for a new independent non-executive director to replace Mr. Villa Mardon. The Company intends to announce the appointment of a new director as soon as such director has been nominated and properly installed.

Mr. Villa Mardon commented, "It has been my great pleasure to serve Maple and its shareholders, and I look forward to following the Company's progress as it executes both its strategy and business plan which I firmly believe the Company is pursuing in a very professional manner."

Nigel Christie, Chairman of the Board, also commented on Mr. Villa Mardon's retirement, "The entire Board and management would like to thank Antonio for his contribution and commitment to the Company, and we wish him well for the future."

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Petrobras Board Approves Rig Construction Program

- Petrobras Board Approves Rig Construction Program

Monday, June 06, 2011
Rigzone Staff

Petrobras' Board of Directors has approved the bidding process for the construction of up to twenty-one drilling rigs to be built in Brazil. Drilling contractors that are awarded a contract to build a rig will also be awarded a contract with Petrobras for the chartering of the unit. Each participating company can bid to build as few as one rig or as many as twenty-one rigs. The drilling units must be built using local content as certified by the ANP.

This tender is part of Petrobras' overall strategy to hire up to twenty-eight new rigs to be built in Brazil for deepwater exploration primarily in pre-salt fields.

Earlier this year, Petrobras awarded a rig construction package to Sete Brasil for the construction of seven deepwater drillships. These rigs will be built by Estaleiro Atlantico Sul, a consortium made up of Samsung Heavy Industries, Queiroz Galvao and Camargo Correa.

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The Conference Board's Consumer Confidence Index Declines to 60.8 in May

- The Conference Board's Consumer Confidence Index Declines to 60.8 in May



May 31, 2011

The Conference Board's consumer confidence index decreased to 60.8 in May, down from 66.0 in April. Economists had expected an increase to 67.5 for May.

The present situation index declined to 39.3 from 40.2, and the index for future expectations declined to 75.2 from 83.2 last month.

The cutoff date for these preliminary results for the month was May 18, 2011.

Lynn Franco, Director of The Conference Board Consumer Research Center commented: "A more pessimistic outlook is the primary reason for this month's decline in consumer confidence. Consumers are considerably more apprehensive about future business and labor market conditions as well as their income prospects. Inflation concerns, which had eased last month, have picked up once again. On the other hand, consumers' assessment of current conditions declined only modestly, suggesting no significant pickup or deterioration in the pace of growth."

The proportion of consumers expected business conditions to improve over the next six months declined to 17% form 19.2%, with those expected conditions to worsen increased to 15.5% from April's 14.0%.

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Sevan Marine Board Member Resigns

- Sevan Marine Board Member Resigns

Thursday, May 26, 2011
Sevan Marine ASA

Sevan Marine has received a letter of resignation from Jan Erik Tveteraas, advising that he resigns from the Board of Directors of Sevan Marine ASA for personal reasons. The Company will discuss replacement plans and alternatives with major shareholders and the Nomination Committee.

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Tombstone Exploration Welcomes New Member to Board

- Tombstone Exploration Welcomes New Member to Board

Tuesday, May 24, 2011
Tombstone Exploration Corp.

Tombstone Exploration announced that Mr. Laird Cagan has been appointed to the TMBXF Board of Directors.

Mr. Cagan is Managing Director and co-founder of Cagan McAfee Capital Partners, LLC, ("CMCP"), a private investment firm and merchant bank, as well as its predecessor firm, Cagan Capital, LLC. In the '90's, Cagan Capital invested in and helped build 15 high tech companies with over $500 million of equity capital invested in those companies. Since 2000, CMCP has founded, funded and taken public 10 companies in a variety of industries including energy, alternative energy, healthcare, information technologies and environmental. CMCP portfolio companies have raised over $600 million of equity capital and over $2 billion of capital has been invested in those companies or their projects.

Mr. Cagan was the Founder/Chairman of Evolution Petroleum Corporation (EPM), which develops mature oil & gas fields with advanced technologies, and is a former founding director of AE BioFuels (AEBF) and Pacific Asia Petroleum (PAP). He is also a Registered Representative of Colorado Financial Services Corporation (Member FINRA/SIPC) and holds Series 7, 63 and 24 licenses. CMCP is not affiliated with CFSC.

Mr. Cagan previously worked for two of the largest investment banks in the world, Goldman, Sachs & Co. and Drexel Burnham Lambert. In all, he was involved in over 30 transactions valued at more than $15 billion. Mr. Cagan attended M.I.T. and received his B.S. and M.S. degrees in engineering and his MBA from Stanford University. He is also a graduate of the UCLA Director's Training Program.

Cagan stated, "Tombstone controls the mineral resources under a large acreage in an historically prolific mining area in Southern Arizona. Existing testing results show significant promise for a potentially large mineral resource. It is an exciting opportunity for me to be involved at this point in the development of this project. I see parallels with several of the companies I co-founded which developed into AMEX-listed companies. These companies had energy resources with significant initial potential and after accessing development capital, entered into development deals with a large strategic partner to build out the resource."

Alan Brown, President of TMBXF, stated, "We are extremely pleased to announce the appointment of Laird to our Board of Directors. His past experience will be an asset to our company and we look forward to working with him. Laird has had considerable success helping and advising previous firms that he was associated with in raising expansion capital. This experience will be of great value to TMBXF, as we move to the next stage."

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Petrobras Reconducts Executive Board Members

- Petrobras Reconducts Executive Board Members

Wednesday, May 18, 2011
Petrobras

Petrobras informed that its Board of Directors, during the meeting held on May 13th, 2011, reconducted the members of the Executive Board for a three year period, keeping the Executive Board composition as described below:

• José Sergio Gabrielli de Azevedo: Chief Executive Officer
• Almir Guilherme Barbassa: CFO and Investors Relations Director
• Guilherme de Oliveira Estrella: Exploration and Production Director
• Jorge Luiz Zelada: International Director
• Maria das Graças Silva Foster: Gas & Power Director
• Paulo Roberto Costa: Downstream Director
• Renato de Souza Duque: Service Director

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