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Other News

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.

Oil & Gas

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.

Other News

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.