Rosneft Re-appoints Sechin as CEO
to becoming one of Russia's most influential players after he started overseeing Rosneft in 2000s.After becoming Rosneft CEO in 2012, he began a buying spree, often criticized, but which made Rosneft the world's biggest oil producer among publicly-traded companies - until late last year when Saudi Aramco's public share offering handed it the top spot.Saudi Arabia's and Russia's rivalry led to a battle for market share in March that flooded a market already oversupplied with oil because of the drop in demand related to lockdown travel restrictions as countries tried to contain the novel
Report: Petrofac to Let Go 20% of Workforce
of at least 10% for many employees," the chief executive wrote.The company was also exploring options to use government support to pay employees in countries where a programme had been put in place, he added.Petrofac, which operates globally including with national oil companies ADNOC and Saudi Aramco had revenues of $5.5 billion last year and employs around 11,500 people.(Reporting by Hadeel Al Sayegh in Dubai; Additional reporting by Shadia Nasrallah in London; Editing by Edmund Blair and Toby Davis
Oil, Gas Jobs Moves from Shale to Offshore
company Solstad has nearly doubled its workforce from 2017 to 2018 – a significant staff ramp-up which bet on the long-term improvement of market conditions.Similarly, the drilling contractor Seadrill saw employment grow by 15%. The company has seen some recent contract award success with Saudi Aramco and Equinor. However, their 2018 year-end headcount is only 100 people more than after massive layoffs in 2016, and remains just over half of what is was as in 2014.“We expect Seadrill’s hiring need to continue through 2022, as the markets the company is exposed to will continue to
Oil Plus Announces Senior Management Appointments
; Sanders was previously with the Danish Technological Institute where he led a team of PhD level scientists in areas such as biocide evaluation, Microbially Enhanced Oil Recovery, Reservoir Souring and Microbially Influenced Corrosion Risk Assessment. Prior to this he was employed in Saudi Arabia by Saudi Aramco initially as a senior scientist in oilfield microbiology, before progressing through to a supervisory role covering corrosion and inorganic scaling. He began his career at Oil Plus in 1988. Shepherd joins from supporting upstream developments for Maersk Oil, where he held the position
ProSep Appoints McPherson for Middle East
Dhabi since 2011. ProSep, which offers a life-cycle portfolio of patented solutions to the global oil and gas industry, has also signed a lease on a new office space in Abu Dhabi in the Al Muroor area as it prepares to deliver more projects in the region. This company secured a contract with Saudi Aramco in the Arab Gulf Region earlier this year for the supply of its patented ProSalt wash water injection and mixing system. This followed a trial by the operator which delivered dramatic results including a 40% reduction in the wash-water consumption rate, from 50 gallons per minute to 30,
