Masp.ob, Apc, & Bp: Ceo Tony Hayward Stepping Down, But Not Leaving Bp
Mass Petroleum Inc
Mass Petroleum Inc. (OTCBB: MASP)
Mass Petroleum has recently reported this week that it's engaged in the acquisition of producing oil and gas projects to build its reserves and ensure sustainable growth through focused project development and acquisitions. MASS Petroleum is pleased to announce it has signed a LOI with JKA Ventures to acquire various oil and gas leases located in Kansas, USA.
The leases available to MASS Petroleum include high working interest oil operations with current production at approximately 12 bbl/d from several leases located in Crawford County Kansas . In addition, there are other prospective leases in the area MASS Petroleum will have access to as well for further development and drilling purposes.
About Mass Petroleum Inc:
Mass Petroleum Inc is engaged in oil and gas exploration and production. The company is expanding its business through acquisitions of exploration stage oil and gas wells by means of leases or buying substantial interest in them. The company has work force of most experienced professional in oil and gas sector. As on November 30th, 2009 the company reported its three exploration properties in Oklahoma with 2.34 percent interest in their ownership. The companys main focus is in oil and gas leases and interest ownership in medium sized oil and natural gas production properties. Mass Petroleum is also looking forward to acquire non operational interests and exploration interests in producing wells.
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Anadarko Petroleum Corporation (NYSE:APC)
Recent News: Anadarko has found oil offshore of Ghana
Anadarko has recently reported another significant discovery offshore Ghana at the Owo prospect in the Deepwater Tano Block. The discovery well encountered approximately 174 net feet of high-quality oil pay in two zones of stacked Turonian-age reservoir sands contained within a gross vertical reservoir interval of more than 500 feet. Pressure data indicates that these zones are part of the same accumulation, and the oil appears to be light crude between 33 and 36 degrees API.
About APC:
APC is among the largest independent oil and natural gas exploration and production companies in the world, with approximately 2.3 billion barrels of oil equivalent (BBOE) of proved reserves at year-end 2009. APCs portfolio of assets encompasses premier positions in nearly a dozen major U.S. onshore natural gas resource plays.
APC also is the largest independent deepwater producer in the Gulf of Mexico, and has production and/or exploration in Alaska, Algeria, Brazil, China, Indonesia, East and West Africa.
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BP p.l.c. (NYSE: BP)
Recent News: CEO Tony Hayward Stepping Down, But Not Leaving BP
BP reported today that, by mutual agreement with the BP board, Tony Hayward is to step down as group chief executive officer effective from October 1, 2010. He will be succeeded as of that date by fellow executive director Robert Dudley.
Hayward will remain on the BP board until November 30, 2010. BP also plans to nominate him as a non-executive director of TNK-BP.
The tragedy of the Macondo well explosion and subsequent environmental damage has been a watershed incident. BP remains a strong business with fine assets, excellent people and a vital role to play in meeting the world's energy needs. But it will be a different company going forward, requiring fresh leadership supported by robust governance and a very engaged board.
About BP:
British Petroleum provides fuel for transportation, energy for heat and light, retail services, and petrochemicals products. The company operates through two segments: Exploration and Production, and Refining and Marketing.
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