BP Exploration Boss Leaves in Reorganization
is leaving the British oil major after slightly more than two years in the job, a period in which the company slashed spending on the search for new deposits. Herbert, a BP veteran and a long-time ally of Chief Executive Bob Dudley, rejoined BP in October 2013 after several years at rival Talisman Energy. His task was to lead exploration activity to help the firm rebuild investor confidence following a deadly U.S Gulf oil spill in 2010. But as oil prices began to crash from mid-2014 and BP had to shed assets to pay off some $50 billion in U.S. liabilities for the Macondo spill, the
Conoco to Cut 7% of Canadian Workforce
challenging economic environment has required us to make some difficult decisions," Andrea Urbanek, a spokeswoman for the company, said in an email. ConocoPhillips shares were up 4 cents in midday trading on the New York Stock Exchange at $62.05. The layoffs follow one from Talisman Energy Inc on Wednesday; the company will cut 15 percent of its staff due to low prices ahead of its acquisition by Spain's Repsol SA . Other Canadian producers that have already announced job cuts include CNOOC-owned Nexen Energy, Suncor Energy Inc and Royal Dutch Shell. (Reportin
Talisman Energy to Cut up to 15% of Head Office Jobs
Talisman Energy Inc, the Canadian oil and gas company being acquired Spain's Repsol SA, plans to cut as much as 15 percent of staff at its Calgary head office as a result of collapsing crude oil prices, a company spokesman said. Around 150 to 200 employees and contractors will be laid off, Talisman spokesman Brent Anderson said, and employees will be notified beginning this week. Other Canadian producers that have already announced job cuts include CNOOC-owned Nexen Energy, Suncor Energy Inc and Royal Dutch Shell. "With low oil prices we have reduced our 2015 capital
Talisman Sinopec Energy UK to Cut 300 Jobs
operating costs hurt by low oil prices. The company said the number represented a split between 100 employees and 200 contractor positions. The company also introduced immediate reductions in contractor rates. Talisman Sinopec Energy UK is a joint venture between Canada's Talisman Energy Inc and Addax Petroleum UK Limited, a wholly-owned subsidiary of China Petrochemical Corporation (Sinopec Group). The company has a total workforce of 3,000. (Reporting by Shivam Srivastava in Bengaluru, editing by David Evans
Aubin Group Appoints Gifford CFO
management and international experience in the oil and gas industry to Aubin Group. A Chartered Accountant, her previous roles at director and senior management level include positions at S4 Advisory, a specialist business consultancy working with many leading oil and gas organizations, Wood Group, Talisman Energy and Stolt Offshore, a predecessor of Subsea 7. In addition, she is the non-executive Chairman of Aberdeen Foyer, a charitable organization supporting young unemployed or homeless people in the North East of Scotland. According to Aubin Group , the appointment is part of its growth plans which
