Total offers staff share buy in
Total's board of directors has approved two measure to develop employee shareholding within the company.
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RigNet to cut up to 12% of staff
RigNet said it plans make a significant company restructuring cutting up to 12% of its staff as it looks to streamline its costs during the global decline in oil price.
Norwegian union bosses in offshore catering staff warning
Norwegian union bosses have highlighted concerns to the PSA (Petroleum Safety Authority) over sharp cuts to catering staff offshore.
Statoil may further reduce headcount
Statoil could reduce its headcount by more than 2,000 staff as it looks to make cost savings following the oil price decline. According to reports, the move would affect engineering staff – particularly workers drilling and maintaining wells – as well as administrative staff.
Petroceltic makes changes to its board
Petroceltic International has made a number of changes to the board of its company. Neeve Billis has been appointed as senior independent director and has joined the audit, nominations and remunerations committee. Meanwhile Nicholas Gray has been made chairman of the audit committee and has also joined the nominations committee.
BP could make deeper cuts to its 2015 budget
Oil major BP said deeper cuts could be made to its 2015 budget on the back of OPEC’s recent position and falling oil prices. The company has already announced up to $1billion in restructuring costs as it cuts thousands of jobs across its global oil and gas business. BP head of upstream, Lamar McKay, announced the company’s future plans at a meeting of investors in London.
Iona Energy adds four new appointments to its team
Independent oil and gas company Iona Energy has made changes to its senior management team. The company, which has a number of assets in the North Sea, announced four new appointments. Robert Gair will join the team from Trinity Exploration and Production as chief financial officer and Kevin Holley has become its corporate controller.
Statoil looks to cut an additional 500 jobs
Norwegian energy firm Statoil may lose an additional 500 workers on top of 1,400 positions which have already been eliminated. The cuts are believed to affect offshore workers and will be made in a bid to cut costs and improve efficiency.
AMEC strengthens board following acquisition
Engineering service group AMEC has announced two new appointments to its board as non-executive directors once the acquisition of Foster Wheeler has been finalised. Kent Masters, who will join the board alongside Stephanie Newby, is currently President and chief executive officer of Foster Wheeler while Stephanie has been on the board since 2004.