TAG Oil announces resignation of founder and chairman, Alex P. Guidi


 

Tag Oil has announced that its Founder, Chairman and Director, Alex P. Guidi, has resigned to pursue other opportunities, effective immediately.

 

Alex P. Guidi commented, “I have sincerely enjoyed working with TAG Oil, but after an exciting thirty plus years in the international oil and gas industry, I am going to focus my attention on interests outside of this industry.” Mr. Guidi further stated, “At this time, I wish to thank everyone at TAG Oil and I am very grateful for the long-standing working relationships and friendships that were forged along the way.”

 

Toby Pierce, TAG Oil’s CEO commented, “Our entire team at TAG Oil would like to sincerely thank Alex for his vision, leadership and countless efforts over the years, and wish him all the best in his future endeavours.”

Comments

Post a Comment

Popular posts from this blog

ExxonMobil to triple Permian production by 2025, expand transportation infrastructure

Image
ExxonMobil  has  announced that it plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian Basin in West Texas and New Mexico. Tight oil production from the Delaware and Midland basins will increase five-fold in the same period. Recent changes in the U.S. corporate tax rate create an environment for increased future capital investments, including ExxonMobil’s plan to spend more than $2 billion on transportation infrastructure to support its Permian operations. Through capital efficient production growth, the increased volumes will be driven by reduced drilling costs, technology improvements and expanded acreage. ExxonMobil has amassed a large, highly contiguous acreage position, located in the prolific, multi-layered oil zones of the Delaware and Midland basins. Combined with operating experience gained through drilling more than 5,000 horizontal unconventional wells, and a leading-edge technology organization, Exxon
Read more

Intellectual devt of youth necessary for sustainable growth -Baru, NNPC GMD …As Gaius-Obaseki pledges support for NNPC management

Leaders at all levels in the country have been called upon to pay attention to the intellectual development of the youth if the country must attain sustainable growth. Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, gave this charge at a book launch in Abuja today. Dr. Baru who was the special guest at the Public Presentation of the book entitled: “ Preferred Above My Peers ” written by Mrs. Betty Amechi Anekwe- Ugona, Executive Director, Storage, Nigerian Pipelines and Storage Company (NPSC), a subsidiary of the NNPC, said today’s leaders need to commit their energy to youth development “otherwise our efforts today will all be in vain”. Dr. Baru restated the commitment of the NNPC to youth development stressing that it was in line with the corporation’s corporate social responsibility (CSR) policy. The NNPC helmsman said education paved the way for individuals to make the right choices in life and admonished leaders to use technolo
Read more

Oil options cheapest in three years as OPEC meeting approaches

Betting on price swings in oil costs the least in three years before next week’s OPEC meeting. Implied volatility of options on second-month West Texas Intermediate futures sank to 20.94% Friday, the lowest level since October 2014, according to data compiled by Bloomberg. Volatility has been sinking as futures move steadily higher, with prices reaching $59/bbl for the first time in more than two years. This week’s cheap options may prove a good deal, if the OPEC/non-OPEC meeting next week brings any surprises that send prices gyrating. The organization and Russia are said to have agreed on the framework of an extension of the oil supply cuts beyond March. But there still are details to be hammered out. Source: World Oil
Read more