CFO Jeff Sheets told Reuters that an ongoing review of operations "is going to result in more jobs cuts." He declined to say how many positions will be eliminated.
Centrica will shed 6,000 jobs from its nearly 37,500 staff but expects to create 2,000 jobs in new business areas.
Where ACTIVATE has been used, operators see about an 80% increase in EUR per well and a 66% reduction in cost per barrel of oil equivalent from refracked wells verus new wells, Halliburton said in a news release.
Iranian officials recently said the country, an OPEC member, targets projects worth US$185 billion by 2020, Reuters reported. A pro-market economic policy package designed to win foreign investment was outline.
Zonal Xwanco and Campo Maripe indigenous communities protest over their territorial claims to Loma Campana Field in Argentina’s southern Neuquén province, Reuters said. Neuquén holds almost all shale production.
Shell joins BP Plc and Chevron Corp. in cutting costs as the world’s biggest oil producers grapple with a 50% slump in crude prices in the past year. They are reducing jobs, deferring projects and selling assets to strengthen their balance sheets and maintain dividend payouts.
The 12-month contract, valued at $6 million and effective immediately, will be delivered from WGK’s Perth office, a news release said.
The BassGas project consists of the Yolla offshore well head platform connected by pipeline to the gas processing facility at Lang Lang, Victoria, AWE Ltd. said in a news release.
If successful, Exxon Mobil would operate the project, according to a statement by Rosneft, Russia’s largest oil producer, on its website.
Uncertainties about Croatia-Montenegro border affected the planning of blocks, a source told Reuters. Croatia’s Hydrocarbon Agency said a new onshore and offshore licensing round would be called in September.
Requirement that consortia bidding on blocks must have one member as guarantor and $6 billion in shareholder equity to protect Mexico’s interest if major accident occurs will ease, Reuters said.
Anadarko Petroleum Corp. has no interest in selling down its stake in planned LNG project in Mozambique, CEO Al Walker said, Reuters reported. Anadarko wants to operate the multibillion-dollar project.