China’s oil and gas E&P activity grows. The South China Sea alone could hold between 700 MMbbl and 125 Bbbl of oil. Exploiting these reserves would require skilled, competent workers.  

The appointments to the board of directors are effective immediately, and alternates were selected, at the Oslo, Norway-based marine geophysical services company.

After 18 years with the company, Jeremy D. Thigpen will resign as senior vice president and CFO of National Oilwell Varco Inc.  He will become CEO of Transocean Ltd. 

Bernard J. Duroc-Danner, chairman of board, president and CEO, said the goal to reduce headcount by 18% this year will leave 39,000 employees in core businesses and 6,000 on rigs.

Currently, Dustin L. Guinn is CEO of service company Viking Services BV, handling operational and strategic management for assets in Europe, the Middle East and North Africa.

shale oil, export, Alaska, Sen. Lisa Murkowski, Senate Energy and Natural Resources Committee, Iran, sanctions, OPEC, production

With current oil export exemptions for Canada that may also be granted to Mexico, Murkowski asks why allies such as Italy and Poland cannot benefit from the U.S. oil boom.

CEO Eldar Saetre signed an initiative to end flaring in Washington, D.C. Eight other oil companies and eight other countries endorsed the initiative. Statoil’s operations in Norway don’t use flaring. 

Previously, Nick Walker was COO of Africa Oil Corp. since 2012. He has also worked at Talisman Energy Inc., Bow Valley and BP Plc.

Jonathan McKenzie has more than 20 years’ experience, about 15 in Canadian oil and gas. He will handle Husky’s finance division, including controllers, corporate accounting, treasury, tax, planning, internal audit.

Eldar Saetre didn’t comment on Statoil’s deals strategy, but speculated more deals will follow Shell’s purchase of BG, Bloomberg said. Sellers’ high valuation expectations are problematic, he said.

The latest announced reductions bring the company’s total to 20,000, making its workforce about 15% smaller than it was during third-quarter 2014. 

Colin Graham has worked for TAM for more than 19 years in the North Sea, Oman and Dubai. The company has been active in Norway with a local customer base.