Energy executives must cut spending to stay financially afloat while preserving the production infrastructure and capacity that will allow them to compete and grow when the market recovers, Reuters said.

Reuters reported that four people have knowledge of the matter. Local media and one source said Jose Antonio Gonzalez, current director of Mexico's Social Security Institute, would replace Emilio Lozoya.

Philippe Baptiste has been appointed senior vice president of scientific development at Total, effective Feb. 1, the company said in a news release.

Petroci is a small oil and gas producer, partnering with E&P companies and managing a logistics base serving offshore blocks, Reuters said. Ivory Coast is French-speaking West Africa’s largest economy.

With more than 30 years of experience in the oil and gas service sector, David Gallagher has served with Schlumberger, CARBO Ceramics and Baker Hughes in engineering, operations, product development and executive management roles. 

Most of the reductions will be in the South Korea office and supporting organizations in Stavanger, Norway, and Aberdeen, Scotland. The offshore organization is not affected.

Federal judge Sergio Moro said Jorge Zelada excessively awarded Vantage Drilling a 2009 contract for drillship Titanium Explorer in exchange for bribes stashed in undeclared Monaco and Switzerland accounts, Reuters reported.

Restructuring includes closing two rolling mills in France, one threading line in Germany and a heat treatment line in Scotland, leading to about 1,000 additional job losses, Reuters reported.

BP has appointed Lamar McKay to the new position of deputy group chief executive and has named Bernard Looney as the new chief executive of BP’s upstream segment, the company said in a news release.

Cutbacks are limited to nonoperational administrators, including 14 senior executives. Petrobras managers, like Brazilian civil servants, are hired through competitive exams and are difficult and expensive to fire, Reuters said.

Most recently, Michael McGuinty was general counsel and secretary of Abu Dhabi National Energy Co., and previously was Schlumberger Ltd.’s deputy general counsel and director of compliance.

Michaela Huber is currently senior vice president for communications and sustainability. HSSE department will manage all of the oil and gas company’s global issues related to health, safety and environment.

Pages