Abigail Ross Hopper Named BOEM Director
Secretary of the Interior Sally Jewell today named Abigail Ross Hopper as the Director of the Bureau of Ocean Energy Management (BOEM), which manages the development of our nation’s conventional and renewable energy and marine mineral resources on the Outer Continental Shelf. Hopper currently serves as the Director of the Maryland Energy Administration and will assume her new position on January 5, 2015, as the second director in BOEM's history. Hopper will take the helm from Acting Director Dr. Walter Cruickshank, who has been serving since former Director Tommy Beaudreau became Chief of Staff to Secretary Jewell in May 2014. “Abigail Hopper’s knowledge of the energy sector…
Dominion to Sell Offshore E&P Ops for $4.7B
Dominion agreed to sell its offshore natural gas and oil exploration and production operations to Eni Petroleum Co. Inc., a subsidiary of Italian energy company Eni, for approximately $4.76 billion. These operations include approximately 967 billion cubic feet equivalent of proved natural gas and oil reserves in the Gulf of Mexico shelf and deep water as of Dec. 31, 2006, with 2006 average daily production of approximately 503 million cubic feet equivalent. "Today’s announcement is a significant step in Dominion’s previously announced strategic plan to refocus on the power generation and energy distribution, transmission, storage and retail businesses," said Chairman, President and CEO Thomas F. Farrell II.
Halter And Friede Goldman Amend Merger Terms
Halter Marine Group and Friede Goldman International have agreed to amend the terms of their proposed merger due to developments related to a contract dispute with a significant customer, as previously disclosed by Friede Goldman. Under the revised merger agreement, each Halter share will be converted into 0.57 of a share of Friede Goldman. The closing under the revised merger agreement will also be subject to the arrangement o bank financing for the combined company on terms mutually agreeable to Halter and Friede Goldman. Announced on June 1, the merger proposal originally provided for the exchange of 0.4614 of a Friede Goldman share for each Halter share.
