•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Pearl Oriental Oil appoints deputy chairman and directors

    Hong Kong-based Pearl Oriental Oil has appointed Mohamad Ajami as deputy chairman and executive director and Hilal Al-Busaidi as executive director with effect from Jan. 26.

    Ajami started his career in North Africa in the oil and gas sector. He developed his mergers and acquisitions business, specializing in the development of major oil and gas resources, and mineral resources in the Gulf, Africa and the Mediterranean Basin. Ajami was also one of the founding shareholders of Ophir Energy, as well as the driving force behind the development of a major liquefied natural gas (LNG) project in the Arabian Gulf.

    As part of his employment package, Ajami will be entitled to a director's fee of $100,000 per annum, as well as share options.

    Al-Busaidi started his career with Schlumberger as a field engineer. At Schlumberger, Al-Busaidi worked in Saudi Arabia, Indonesia, Kuwait and Oman and gained experience in exploration well logging, managing the wireline, testing, tubing conveyed perforating and coiled tubing activities, client support services and operations management. In 2002, Al-Busaidi left Schlumberger to start his own ventures. The companies founded by Al-Busaidi includes: Falcon Oilfield Services, Petroleum Services Company, Gulf Energy and Medco.

    As part of his employment package, Al-Busaidi will be entitled to a director's fee of $100,000 per annum, as well as share options.                                

    Pearl Oriental Oil Limited engages in the production of oil and gas properties. It owns a 100% interests in Utah Gas and Oil Field covering an area of approximately 3,692 acres located in Uinta Basin, the United States. The company was formerly known as Pearl Oriental Innovation Limited and changed its name to Pearl Oriental Oil Limited in December 2011.

    Most Popular

    Related Articles

    Verisk Analytics to acquire Wood Mackenzie

    03/10/2015 Verisk Analytics Inc., a data analytics provider, has signed a definitive agreement to acquire Wood Mackenzie from private equity investment firm Hellman & Friedman and other Wood Mackenzie sha...

    Opportune acquires Ralph E. Davis Associates

    03/09/2015 Opportune LLP has acquired Ralph E. Davis Associates LP, an independent petroleum engineering firms. Established in 1924, Ralph E. Davis performs petroleum engineering and geological studies (both ...

    C&J provides financing update for transaction with Nabors

    03/09/2015

    C&J Energy Services Inc. has revised the debt structure to finance the proposed combination of C&J with the completion and production services business of Nabors Industries Ltd.

    PAA acquires Williston Basin crude oil terminal under construction

    03/02/2015 Plains All American Pipeline LP has acquired Legion Terminals LLC, which owns a crude oil terminal under construction in Johnson’s Corner, McKenzie County, North Dakota. The terminal, which is expe...

    Atlas Energy and Atlas Pipeline complete Targa mergers

    03/02/2015 Atlas Energy LP and its midstream oil and gas subsidiary, Atlas Pipeline Partners LP, have completed the merger transactions of Atlas Energy with a subsidiary of Targa Resources Corp. and Atlas Pip...

    Eurasia Drilling updates merger timetable

    02/23/2015 Eurasia Drilling Co. Ltd. and Schlumberger BV are continuing to cooperate with the Russian Federal Anti-Monopoly Service to respond to requests for information regarding the transaction described i...

    More Oil & Gas Financial Articles

    Verisk Analytics to acquire Wood Mackenzie

    Tue, Mar 10, 2015

    Verisk Analytics Inc., a data analytics provider, has signed a definitive agreement to acquire Wood Mackenzie from private equity investment firm Hellman & Friedman and other Wood Mackenzie shareholders. Wood Mackenzie provides data analytics and commercial intelligence for the energy, chemicals, metals, and mining verticals.

     

    Opportune acquires Ralph E. Davis Associates

    Mon, Mar 9, 2015

    Opportune LLP has acquired Ralph E. Davis Associates LP, an independent petroleum engineering firms. Established in 1924, Ralph E. Davis performs petroleum engineering and geological studies (both domestic and international), independently certifies reserve reports, provides acquisition/divestiture support, and prepares technical financial analyses for use in litigation and regulatory hearings.

    C&J provides financing update for transaction with Nabors

    Mon, Mar 9, 2015

    C&J Energy Services Inc. has revised the debt structure to finance the proposed combination of C&J with the completion and production services business of Nabors Industries Ltd.

    PAA acquires Williston Basin crude oil terminal under construction

    Mon, Mar 2, 2015

    Plains All American Pipeline LP has acquired Legion Terminals LLC, which owns a crude oil terminal under construction in Johnson’s Corner, McKenzie County, North Dakota. The terminal, which is expected to be in service in the third quarter of 2015, will serve as a crude oil logistics hub in the Williston Basin.

    Atlas Energy and Atlas Pipeline complete Targa mergers

    Mon, Mar 2, 2015

    Atlas Energy LP and its midstream oil and gas subsidiary, Atlas Pipeline Partners LP, have completed the merger transactions of Atlas Energy with a subsidiary of Targa Resources Corp. and Atlas Pipeline with a subsidiary of Targa Resources Partners LP.

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ