According to an internal document seen by Reuters, the cuts form part of Repsol’s 2016 to 2020 strategic plan. Cuts will be made over the next three years.

The reorganization program aims to improve efficiency and removing complexity to become a more agile and competitive company.

Owen¹s top priorities in her role are to accelerate the company¹s performance in its current markets and advance the company into new verticals, according to the release.

Thomas Powell Richards became president of DI Industries in 1996. While there, company acquisitions helped create Grey Wolf. He was its chairman, president and CEO until retiring in 2008.

The assets are 11 oil and gas fields, including a 70% stake in the Breagh Field which produces 3% of Britain's annual gas output, Reuters said.

Member Venezuela has pushed for an emergency OPEC meeting with Russia to stem the tumble in prices, Reuters said. Kuwait’s oil minister said global crude oversupply now is about 1.8MMbbl/d.

Gaurdie Banister Jr. recently retired after serving eight years as president and CEO of Aera Energy LLC, an oil and gas E&P company jointly owned by Shell Oil Co. and ExxonMobil. 

Halliburton joins forces with Palantir Solutions, will pay an $18 million Department of Labor fine and continues to market assets as part of its merger with Baker Hughes.

Blackwood takes over for Miguel Bocco Jr., who will continue to serve as chairman of Vepica's board of directors.

U.S. Labor Department said more than 1,000 U.S. employees in 28 job positions were classed as exempt from overtime, Reuters reported. Halliburton was investigated as part of a multiyear compliance initiative.

Walter Simpson has been working in an acting CEO capacity since July. Simpson joined Drillsearch as COO in March 2015 from BG Group subsidiary QGC.

At a conference, Statoil’s CEO Eldar Saetre said that at the end of 2016, it is expected there will be 20% fewer employees than in 2013, Reuters reported.