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.
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.
Of the positions that will be eliminated 950 are in the Houston, where Chevron has about 8,000 employees.
The appointment of Graham Yerbury follows the resignation of Andrew Price, who has been appointed CFO of PanAust Ltd., a news release said.
Statoil's CEO, Eldar Saetre, predicts oil prices will reach $80/bbl by 2018, Reuters said. “We think there will be some time before we will see a balanced market,” he said.
In next few years, BHP will cut about 100 jobs in Melbourne, Australia, Reuters said. Commodities have fallen. There are more than $2 billion in impairments on U.S. shale operations.
Carin Knickel served as vice president, human resources, for ConocoPhillips Inc. from 2003 until her retirement in 2012.
Some companies are offering employees flex leave to stay connected during downtime, experts say.
State-owned Nigerian National Petroleum Corp. will be split into an independent regulator and an investor vehicle, said Femi Adesina, spokesman for President Muhammadu Buhari, Reuters reported.
Khaled Kacem was appointed as president of gas producer BG Egypt, a BG Group subsidiary. He has 23 years’ experience in upstream, downstream oil and gas. He succeeds Arshad Sufi.