•  
  •  
  •  
  •  
  •  
  • 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

    Accenture to acquire Schlumberger Business Consulting

    08/17/2015

    Accenture has entered into an agreement to acquire Schlumberger Business Consulting, the management consulting unit of Schlumberger. Terms of the acquisition were not disclosed.  

    Hannon Westwood acquires specialist upstream consulting firm

    08/06/2015

    Hannon Westwood, a UK-based exploration research and analytics firm, has completed its acquisition of Novas Consulting Ltd. for an undisclosed sum.

    CIT completes acquisition of OneWest Bank

    08/04/2015 CIT Group Inc., a provider of commercial lending and leasing services, has completed its acquisition of IMB Holdco LLC, the parent company of OneWest Bank NA for $3.4 billion in cash and stock. The...

    TEAM Oil Tools acquires Odessa Packer Services

    08/04/2015 TEAM Oil Tools LP has acquired all the outstanding shares of Odessa Packer Services Inc. Founded in 1982, Odessa is an oilfield packer and downhole tool service company focused on the Permian Basin...

    Halliburton certifies compliance with DOJ second request

    08/03/2015 Halliburton has certified compliance with the US Department of Justice’s request for additional information (second request). Baker Hughes previously certified compliance with its second request on...

    Shell updates on combination with BG Group

    07/31/2015

    Royal Dutch Shell is progressing with its recommended combination with BG Group, which Shell announced in April. Shell remains on track for completion in early 2016, as planned.  

    More Oil & Gas Financial Articles

    Accenture to acquire Schlumberger Business Consulting

    Mon, Aug 17, 2015

    Accenture has entered into an agreement to acquire Schlumberger Business Consulting, the management consulting unit of Schlumberger. Terms of the acquisition were not disclosed.  

    Hannon Westwood acquires specialist upstream consulting firm

    Thu, Aug 6, 2015

    Hannon Westwood, a UK-based exploration research and analytics firm, has completed its acquisition of Novas Consulting Ltd. for an undisclosed sum.

    CIT completes acquisition of OneWest Bank

    Tue, Aug 4, 2015

    CIT Group Inc., a provider of commercial lending and leasing services, has completed its acquisition of IMB Holdco LLC, the parent company of OneWest Bank NA for $3.4 billion in cash and stock. The transaction, first announced on July 22, 2014, has received all required regulatory approvals.

    TEAM Oil Tools acquires Odessa Packer Services

    Tue, Aug 4, 2015

    TEAM Oil Tools LP has acquired all the outstanding shares of Odessa Packer Services Inc. Founded in 1982, Odessa is an oilfield packer and downhole tool service company focused on the Permian Basin market.

    Halliburton certifies compliance with DOJ second request

    Mon, Aug 3, 2015

    Halliburton has certified compliance with the US Department of Justice’s request for additional information (second request). Baker Hughes previously certified compliance with its second request on July 14.

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ