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PGNiG Dismisses Upstream Chief Before He Takes Office

WARSAW--The supervisory board of Polish natural gas utility PGNiG SA (PGN.WA) has dismissed its recently hired head of exploration and production, Krzysztof Bocian, because he didn't agree to a "standard" non-compete clause in his contract, the company said Wednesday. Mr. Bocian wasn't immediately available for comment. The state-controlled company, whose main business is buying Russian gas and re-selling it in Poland, has ambitious plans to explore for and produce shale gas in Poland. In February, it said it had hired Mr. Bocian, an alumni of Stanford University business school, who has worked at Chevron Corporation (CVX) since 2008. Chevron is also exploring for shale gas in Poland. Mr. Bocian was scheduled to start work on April 1. "The supervisory board's decision is connected to Mr. Krzysztof Bocian's non-acceptance of standard terms of employment for all management board members, including on the scope and time banning competition after ending employment," PGNiG said in a news release. PGNiG plans to drill 33 exploration wells this year, including 13 wells to explore for shale gas, as the company aims to help the Polish government fulfill a strategy to decrease its dependence on Russian gas imports. -Write to Marynia Kruk at [email protected]

Stock News for Chevron (CVX)
DateTimeHeadline
03/23/201703:02:00Chevron Sells Assets In Africa To Sinopec -- WSJ
03/22/201709:16:00Sinopec to Buy Chevron's South Africa Assets for $900 Million...
03/22/201707:10:00Sinopec to Buy Chevron's South Africa Assets for $900 Million
03/15/201717:03:14Statement of Changes in Beneficial Ownership (4)
03/14/201710:11:00MARKET SNAPSHOT: U.S. Stocks Pull Back As Oil Drop Hits Energy...
03/14/201710:11:00MARKET SNAPSHOT: U.S. Stocks Pull Back As Oil Drop Hits Energy...
03/09/201710:44:00Chevron Says Climate Actions Pose Minimal Risk to Operations
03/08/201707:36:00Chevron Starts Production at Mafumeira Sul Offshore Angola
03/08/201707:29:00Oil Companies Take to Thrifty Bets
03/07/201708:00:00Chevron Affirms Production, Margins, and Cash Flow Growth Plans
03/03/201716:39:59Current Report Filing (8-k)
03/01/201716:49:36Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/01/201716:42:41Statement of Changes in Beneficial Ownership (4)
03/01/201716:40:03Statement of Changes in Beneficial Ownership (4)
03/01/201706:16:36Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
02/28/201711:06:00Consorcio Liderado por Chevron Firma un Contrato en Aguas Profundas...
02/28/201708:57:58Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
02/24/201714:31:00MARKET SNAPSHOT: U.S. Stocks Retreat From Record-setting Streak...
02/23/201714:00:00Chevron Corporation's 2017 Security Analyst Meeting
02/23/201712:22:11Annual Report (10-k)

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