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Petrobras also said it had decided not to continue with an exploration project in the Caspian Sea in northern Iran. Petrobras International Director Jorge Zelada said on Friday that the offshore Tusan block in the Persian Gulf was geologically unappealing,...
Tags: Iran, Crescent, Petrobras International
Crescent also announced that chief executive officer Arthur Fields has retired. Effective immediately, Andrew Hede, Crescent’s chief restructuring officer, will serve as CEO. Hede, in a statement, said the company intends to emerge from bankruptcy quickly....
Tags: Phipps Tower, Crescent