Space Travel News  
OIL AND GAS
More staff reductions for Maersk Oil
by Daniel J. Graeber
Copenhagen, Denmark (UPI) Jan 9, 2017


disclaimer: image is for illustration purposes only

Danish energy company Maersk Oil said it was cutting staff from one of its offices as part of the broader reorganization started last year.

Danish group A.P Moeller-Maersk split in two in September, with its oil-related business spinning off to focus on the British, Danish and Norwegian waters of the North Sea.

Maersk Oil said it was working to improve its efficiency under the reorganization by cutting about 160 positions from one of its Danish business units.

"We recognize that this announcement will be unsettling news for them," Chief Operating Officer Martine Rune Pedersen said in a statement. "It is however a necessary step in order to remain competitive in the Danish North Sea and the wider Maersk Oil business."

In June last year, the company had advanced on a restructuring plan by sidelining top executives and by then had already announced plans to cut about 40 positions from its regional offices.

A week after the September split, Maersk Oil said it was making cuts in its technology and project group and parting ways with additional top executives.

Trade union officials last year said Maersk cuts were a blow to an industry already coping with a downturn in the North Sea. British energy company BP in 2016 reduced its North Sea headcount as it moved to streamline operations during the market downturn. Royal Dutch Shell, which acquired British energy company BG Group in early 2016, continued to cut staff as it streamlined the operations for the combined entity last year.

Maersk said its reorganization efforts will continue to evolve over the coming months, though some of the efforts will be completed during the first quarter.

"What we are announcing today will ensure our long term future in a sustainable manner and it is a step in our efforts to support the Maersk Oil North Sea ambitions," Patrick Gilly, a managing director for Danish operations, said.


Comment on this article using your Disqus, Facebook, Google or Twitter login.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Azerbaijan contracts new energy services
Baku, Azerbaijan (UPI) Jan 4, 2017
French energy services company Technip said its position in gas- and oil-rich Azerbaijan is strengthened by a service contract with a state energy firm. The State Oil Co. of Azerbaijan Republic awarded Technip with a contract of undisclosed value for services at a petrochemical complex and gas processing plant in the Caspian border city of Garadagh. "This achievement consolidates ... read more


OIL AND GAS
Russia to face strong competition from China in space launch market

Vega And Gokturk-1A are present for next Arianespace lightweight mission

Antares Rides Again

Four Galileo satellites are "topped off" for Arianespace's milestone Ariane 5 launch from the Spaceport

OIL AND GAS
3-D images reveal features of Martian polar ice caps

Odyssey recovering from precautionary pause in activity

Small Troughs Growing on Mars May Become 'Spiders'

All eyes on Trump over Mars

OIL AND GAS
China plans probes to far side, poles of Moon

Lunar sonic booms

India Inc joins hands to bid for moon mission

TeamIndus signs contract with ISRO for lunar mission

OIL AND GAS
Exploring Pluto and the Wild Back Yonder

Juno Captures Jupiter 'Pearl'

Juno Mission Prepares for December 11 Jupiter Flyby

Research Offers Clues About the Timing of Jupiter's Formation

OIL AND GAS
The blob can learn and teach

Searching a sea of 'noise' to find exoplanets - using only data as a guide

Microlensing Study Suggests Most Common Outer Planets Likely Neptune-mass

Exciting new creatures discovered on ocean floor

OIL AND GAS
Mission contracts secure Commercial Crew operations for coming years

SpaceX ready to launch again

India to develop large scale solid fuel mixer

Russia won't be leaving Baikonur anytime soon

OIL AND GAS
Beijing's space program soars in 2016

China Plans to Launch 1st Mars Probe by 2020 - State Council Information Office

China to expand int'l cooperation on space sciences

China sees rapid development of space science and technology

OIL AND GAS
Quadrantid meteor shower to peak this week in North America

NEOWISE mission spies one comet, maybe two

PANIC Lander to Revolutionize Asteroid Research

Ceres Offers Insight Into Prospects For Life in Early Solar System









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.