Ford, Zipcar Announce New 2 Year Strategic Alliance for U.S. University Members

- Ford, Zipcar Announce New 2 Year Strategic Alliance for U.S. University Members



Aug 31, 2011

Ford (NYSE:F) and Zipcar (NASDAQ:ZIP) announced a new a strategic alliance establishing Ford as Zipcar's largest university vehicle partner, reaching students at more than 250 campuses.

The first of its kind, two-year tie up introduces a new generation of drivers to Ford vehicles with the highly-fuel efficient Focus and Escape now part of Zipcar's existing fleet of environmentally friendly, reliable and fun vehicles.

Zipcar will offer $10 off the $35 annual membership fee for the first 100,000 new University members who sign up for Zipcar, plus $1 off the hourly rate for the first 1 million hours of use on any of the new Ford vehicles at select colleges and universities

New Ford vehicles start arriving on campuses this week. The program, which could generate 2 million hours behind the wheel of Ford vehicles for college-age drivers, also helps reduce parking demand, congestion and emissions.

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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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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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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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OPEC Unable to Reach Consensus; Outcome 'Unwelcome' by Some Members

- OPEC Unable to Reach Consensus; Outcome 'Unwelcome' by Some Members

Wednesday, June 08, 2011
Dow Jones Newswires
by Benoit Faucon & Summer Said

In a decision that surprised oil markets and sent oil prices higher, OPEC officials said Wednesday the group had failed to reach consensus to boost output.

"Unfortunately, we are unable to reach a consensus at this time to reduce or raise our production," OPEC Secretary General Abdalla Salem el-Badri.

Iranian Oil Minister Mohammad Aliabadi, who is also serving as president of the producer's organization, said the decision was "unwelcome" by some members.

Gulf delegates have been pushing in recent days for an increase of 1-1.5 million barrels a day. But some other OPEC members have criticized the plan, arguing that the global oil supplies are sufficient and that today's prices of $100-$115 a barrel are appropriate.

El-Badri said there was no shortage in the market. The decision means OPEC members will keep their current output unchanged.

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

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Iranian Oil Min: OPEC Members Couldn't Agree on Timing of Increase

- Iranian Oil Min: OPEC Members Couldn't Agree on Timing of Increase

Wednesday, June 08, 2011
Dow Jones Newswires
by James Herron

No countries from the Organization of Petroleum Exporting Countries opposed an increase in its production ceiling at the group's meeting Wednesday, said Iranian Oil Minister Iranian Oil Minister Mohammad Aliabadi.

However, agreement could not be reached on the timing and amount of an increase, so the group left it's quota unchanged, Iranian Oil Minister Mohammad Aliabadi told reporters at a briefing.

Iran, which currently holds the OPEC presidency, may call an extraordinary meeting ahead of the next scheduled meeting in December, he said.

OPEC Secretary General Abdalla Salem el-Badri said the next OPEC meeting would take place in December in Vienna. The meeting had been expected to take place in Iran, in line with OPEC custom that the December meeting is held in the home country of the organization's president.

OPEC officials announced Wednesday that they had failed to reach an agreement, a move that means output is unchanged. The move sent oil prices higher.

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

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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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Bonanza Creek Welcomes New Board Members

Bonanza Creek Welcomes New Board Members

Monday, April 25, 2011
Bonanza Creek Energy Inc.

Bonanza Creek announced the appointment of Jim Casperson, Marvin Chronister, and Kevin Neveu to the Company's Board of Directors. Messrs. Casperson, Chronister, and Neveu are Bonanza Creek's first independent directors. In addition to the three new independent directors, Bonanza Creek's seven person board also includes Chairman of the Board Richard Carty of West Face Capital, Inc., Todd Overbergen of D.E. Shaw & Co., Michael R. Starzer, President and Chief Executive Officer, and Gary A. Grove, Executive Vice President – Engineering and Planning.

Mr. Casperson has over 30 years of experience in the oil and gas industry and finance and accounting in the public and private sectors. Mr. Casperson is currently a private consultant to the energy industry. Mr. Casperson holds a BBA in accounting from Texas Tech University. Mr. Casperson has been appointed as Chairman of both the Audit Committee and the Reserve Committee.

Mr. Chronister has over 30 years experience in the oil and gas industry. Mr. Chronister is currently an independent investor, energy finance and operations consultant for Enfield Companies and on the Board of Sonde Resources Corp. Mr. Chronister holds a Bachelor of Business Administration degree from Stephen F. Austin State University. Mr. Chronister has been appointed as Chairman of the Environmental Safety & Regulatory Compliance Committee and will serve on the Audit Committee.

Mr. Neveu has over 25 years of experience in the oil and gas industry. Currently, Mr. Neveu serves as a director, President and Chief Executive Officer of Precision Drilling Corporation. Mr. Neveu holds a Bachelor of Science degree and is a graduate of the Faculty of Engineering at the University of Alberta. Mr. Neveu is a Professional Engineer, as designated by the Association of Professional Engineers, Geologists and Geophysicists of Alberta and has attended the Advanced Management Program at the Harvard Business School. Mr. Neveu serves on the boards of RigNet Inc., the Heart and Stroke Foundation of Alberta, and the International Association of Drilling Contractors. Mr. Neveu has been appointed to serve on the Compensation Committee and the Environmental Safety and Regulatory Compliance Committee.

"The addition of these three independent directors is an important step in developing our board," said Bonanza Creek's President and Chief Executive Officer, Mike Starzer. "Jim's and Marvin's breadth and depth of knowledge and experience in accounting and finance will be a great asset to Bonanza Creek. Kevin's wide range of experience in the energy sector in management and operations will be leveraged strategically and operationally. I welcome them all to our team." Richard Carty, Chairman of the Company's board said "Bonanza Creek's new directors will be able to work with the Company's executive team and other directors to manage the Company's continued growth and drilling programs. We are very excited to utilize the resources they bring to the board and look forward to their impact on Bonanza Creek's continued growth."