Ivanhoe Names Gasca CEO
Mr. Gasca, Ivanhoe Energy's current President and Chief Operating Officer, joined the company in July 2006 from BG Group in the United Kingdom where he was General Manager of Operations with global responsibilities for all of BG Group's businesses, which are located in 20 countries over five continents.
In addition to his senior roles at BG Group, Mr. Gasca's 27 years of oil and gas experience include a 22-year career with Texaco Inc. While at Texaco, Mr. Gasca held a number of positions, most recently as Vice President of Commercial Development, where he directed technology development and provided global technical support to Texaco's upstream organization. While at Texaco he was also Advisor to the President of the Worldwide Upstream Organization; the Senior Executive in Scotland managing Texaco's North Sea assets, and he held a number of leadership and engineering positions in Texas and Louisiana.
"Joe has confirmed to the board that he is an excellent choice for CEO and we are pleased to announce our unanimous decision," said Robert Abboud, Independent Co-Chairman and Lead Director. "After six months with the company as President and COO, he has gained our confidence that he is the right person to lead Ivanhoe Energy through the next phase of its growth."
David Martin, Executive Co-Chairman, added, "We believe that Joe brings the necessary skills and ability to guide the company as we move towards the commercialization of our heavy oil upgrading technology. We are looking to him to focus the company's efforts and align our organization around its implementation."
Joseph Gasca said, "I am excited to lead Ivanhoe Energy at this stage in its development. Our HTL technology has the potential to vault the company into a leadership position among heavy oil producers. My vision for the company is to build a strong and sustainable heavy oil business that is based on our unique technology. Ivanhoe Energy's state-of-the-art technology, combined with its very experienced board of directors and management team, give me the confidence that the HTL technology will be successfully commercialized and implemented around the world."
Ivanhoe Energy is an independent international oil and gas development and production company focused on pursuing long-term growth in its reserves and production using advanced technologies, including its proprietary heavy oil upgrading process (HTL). Core operations are in the United States and China, with business development opportunities worldwide.
- Blockchain Demands Attention in Oil and Gas
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Oman Sees Increasing Ship-to-Ship Transfers of Russian Oil Bound for India
- CNPC Opens Sea-Land Oil Storage and Transport Facility in Bangladesh
- US Govt Makes Record Investment of $6B for Industrial Decarbonization
- Perenco Still Searching for Missing Person After Platform Incident
- Eni, Fincantieri, RINA Ink Deal on Maritime Decarbonization
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Oil Falls as US Inventories Increase
- Czech Utility CEZ Bucks Weaker Prices, Demand to Log Record Annual Profit
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call
- India Halts Russia Oil Supplies From Sanctioned Tanker Giant
- Centcom, Dryad Outline Recent Moves Around Red Sea Region
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- PetroChina Set to Receive Venezuelan Oil
- Czech Conglomerate to Buy Major Stake in Gasnet for $917MM
- US DOE Offers $44MM in Funding to Boost Clean Power Distribution
- Oil Settles Lower as Stronger Dollar Offsets Tighter Market
- UK Grid Operator Receives Aid to Advance Rural Decarbonization
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call