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Australia's Oil Search Slashes Workforce by 34%

Jul 01, 2020

Australia's Oil Search on Wednesday said it has reduced its total workforce by around 34% under its cost restructuring review to cushion the blow from subdued oil prices as a result of the coronavirus pandemic.The Papua New Guinea-focused oil…

AqualisBraemar Names South East Asia Head

Jul 01, 2020

Marine and offshore consultancy AqualisBraemar has appointed John Harris as its new regional managing director of the South East Asia region.Harris will oversee the company’s operations in South East Asia (SEA), including its offices in Indonesia…

China's Sinopec Starts Hiring for New Risk Management Unit

Jun 29, 2020

China Petrochemical Corp, or Sinopec Group, has started hiring for six top management positions for a new commodities risk management unit, according to a statement posted on the state energy company's official wechat account on Sunday.Formally…

Coleman Expects to Stay Woodside CEO for a Few More Years

Jun 23, 2020

Woodside Petroleum Chief Executive Peter Coleman expects to remain in the top job for around two or three more years, with the company grappling with a review of its project timeline and possible acquisitions, he said on Tuesday.While the company weighs acquisitions…

Neptune Energy Plans to Let 400 Office Workers Go

Jun 19, 2020

Oil and gas company Neptune Energy is looking to reduce its workforce by 400 positions, half of which are contractor roles, citing the impact of the COVID-19 and a drop in oil prices.'We anticipate approximately 400 roles across nine countries to be impacted by these proposals…

Coro Energy Settles with Ex-CEO over Contract Termination

Jun 18, 2020

Southeast Asia-focused oil company has settled with its former CEO after he threatened to sue following the termination of his service agreement in April.Coro Energy said Thursday that, 'having received appropriate legal advice on legal action threatened against the company…

Indonesia Targets IPOs of Pertamina Sub-holdings

Jun 12, 2020

Indonesia's State-Owned Enterprise Minister Erick Thohir said on Friday he aimed to group units of state oil and gas company PT Pertamina into 'sub-holdings' and launch initial public offerings within two years.Thohir is trying to revamp hundreds of Indonesian state companies to boost profitability…

Otto Energy Looking to Appoint Gulf of Mexico Veteran as New CEO

Jun 12, 2020

Oil and gas company Otto Energy has said that Matthew Allen will step down as Chief Executive Officer and from the Board as Managing Director effective immediately by mutual agreement following the completion of his two-year assignment to Houston…

Petronas CEO to Leave for Role at Malaysia Airlines

Jun 08, 2020

Malaysia's prime minister on Saturday appointed the finance chief at Petroliam Nasional Bhd (Petronas) to take over as chief executive at the state energy company, at a time when lower oil prices and the coronavirus pandemic have hit the firm's profits…

Rosneft Re-appoints Sechin as CEO

May 22, 2020

Russian energy giant Rosneft on Friday re-appointed Chief Executive Igor Sechin, an ally of President Vladimir Putin, for another five years.Sechin, who turns 60 in September, turned the company into one of the world's top oil players and earned the accolade of oil tsar…

KrisEnergy's Ang Becomes Permanent CFO

May 19, 2020

Southeast Asia-focused oil company KrisEnergy has appointed Joanne Ang, currently the Group’s interim Chief Financial Officer (“CFO”), as a permanent CFO.“The Board has reviewed and considered the qualifications, relevant experience and past performance of Ms…

Sechin to Stay at Rosneft's Helm for 5 More Years - Vedomosti

May 14, 2020

The Russian government has extended a contract for Igor Sechin, a close ally of President Vladimir Putin, to stay as the chief executive officer of giant oil producer Rosneft for five more years, Vedomosti daily reported on Wednesday.The daily…

Bristow, Era Elect Executive Leadership Ahead of Merger Wrap

May 13, 2020

Offshore helicopter service providers Bristow and Era have elected new executive leadership to lead the company once their proposed merger is complete, which is expected to happen next month.The companies said the executive leadership team will…

Qatar Petroleum Plans New Wave of Job Cuts

Apr 30, 2020

Qatar Petroleum, one of the world's biggest energy companies, plans a new wave of job cuts and spending reductions to cope with the slump in oil and gas demand which has hit global economies, two sources familiar with the matter said.Economic…

PetroVietnam Reduces Salaries to Cope with Coronavirus, Low Oil Prices

Apr 01, 2020

Vietnam Oil and Gas Group is cutting employee salaries to rein in costs as it grapples with low oil prices and a coronavirus pandemic that has infected 212 people in the southeast Asian nation, the company said on Wednesday.The move was part of efforts to cut costs by 15% to 30%…

Current News

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QatarEnergy in 15-Year LNG Supply Deal with Bangladesh

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Vestigo Petroleum Books Jack-up Drilling Rig for 5-Well Program

Valeura Extends FPSO Charter and Maintenance Services Contract for Jasmine Oil Field

Valeura Extends FPSO Charter and Maintenance Services Contract for Jasmine Oil Field

Cyan, Taya in Offshore Wind Vessel Collab in Taiwan

Cyan, Taya in Offshore Wind Vessel Collab in Taiwan

Iraq Approves $416.9M to Build Third Offshore Export Pipeline. Dutch Firm Selected for the Job

Iraq Approves $416.9M to Build Third Offshore Export Pipeline. Dutch Firm Selected for the Job

QatarEnergy to Sign Long-term Asian LNG Supply Deal on Thursday - Source

QatarEnergy to Sign Long-term Asian LNG Supply Deal on Thursday - Source

TGS, PGS, and Schlumberger in 6,885 sqm 3D Seismic Survey Offshore Malaysia

TGS, PGS, and Schlumberger in 6,885 sqm 3D Seismic Survey Offshore Malaysia
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