Lundin Energy Names New Chief Operating Officer
as COO with IPC. I have known Daniel since 2014 and his strong technical background and leadership qualities, as well as his knowledge of our assets and people, make him a great candidate for the role. "This is a very exciting time for Lundin Energy as we emerge resiliently from this recent oil market cycle; the strong production growth profile to target over 200 thousand barrels of oil equivalent per day production, combined with our industry-leading low operating cost and sustainably produced barrels, uniquely positions the business for growth and the energy transition.&rdquo
Oilfield Services Employment Diving to 10-Year Low
Oilfield services sector is set to reach the lowest total workforce count in over 10 years, as a consequence of the COVID-19 pandemic, low oil prices, and cuts in spending by the oil companies."The oil market turmoil brought on by Covid-19 has led to lower-than-anticipated activity and delayed projects, forcing the industry to deploy cost-cutting measures. Rystad Energy analysis of the top 50 oilfield service (OFS) firms shows that staffing is set to reach its lowest level in more than 10 years, with the anticipated revenue per employee also declining towards the previous downturn’s level
Eni Names CFO
with supporting the CEO in developing and implementing Eni’s economic and financial strategy during this important phase of accelerating the company’s decarbonization plan.Born in Bologna in 1969, Gattei graduated in Economics and Commerce at the University of Bologna with a thesis on the oil market. He obtained the MEDEA (Master in Energy and Environmental Management) Master’s from the Scuola Mattei in 1994.Over the years he's held various roles in Eni. In 2014, he was appointed Head of Investor Relations and also acted as Secretary to Eni's Advisory Board from 2016 to 2019
PGS Laying Off 40% Office Workers. Offshore Crews Might Be Cut, Too
to cut costs.The company said its plan is to bring annual gross cash cost run-rate to approximately $400 million through staff reductions, reorganization, consolidation of offices, re-negotiation of service agreements, and other cost measures."The Covid-19 pandemic and related disruption in the oil market have caused unprecedented challenges for the seismic industry and will temporarily cause a significant reduction of activity levels. PGS is responding to this challenge by further adjusting its cost base to the lower activity level while retaining its core global capabilities and ability to scale
TechnipFMC Cutting Jobs in Norway
Franco-American oil services company TechnipFMC plans to cut up to 700 jobs across its sites in Norway due to the turbulent oil market situation, a spokesman for the company said on Tuesday.TechnipFMC, whose customers include major oil companies, said it employs 3,100 staff in Norway, and both permanent and temporary staff will be affected."TechnipFMC confirms that, due to the unprecedented market situation, the Board of Directors for TechnipFMC in Norway have approved a reduction in the workforce," the spokesman said in a statement, adding that it plans to finalize the process by end of
