Ellsworth appointed interim CEO of Niko Resources

Niko Resources Ltd., Calgary, named Christopher H. Rudge chairman and Robert S. Ellsworth Jr. interim chief executive officer after the resignation of Kevin J. Clarke.

Clarke held both titles for nearly 2 years (OGJ Online, Oct. 8, 2014). Rudge has served on the Niko board since September. Ellsworth joined the board in March.

Earlier this week, the company said an amendment to its senior term loan facilities agreement means it is no longer in default (OGJ Online, Mar. 15, 2016).

Niko also said Bangladesh Oil, Gas & Mineral Corp. (Petrobangla) has not complied with a payment claim by Niko Resources (Bangladesh) Ltd. for gas deliveries. Niko said a decision by an international tribunal provides for the immediate payment of about $35 million.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...