BEIJING (Reuters) -- The head of crude oil trading at Chinese state energy giant PetroChina has resigned after 20 years with the company, a rare departure from a state-owned enterprise known for retaining talent in the midst of rapid expansion.
JAKARTA (Reuters) -- Indonesia has chosen Elia Massa Manik, head of the state holding company for the plantations industry, as the new chief executive of state energy firm Pertamina sources said on Wednesday.
With job cuts numbering in the hundreds of thousands, the oil and gas industry has been hard-hit by the massive drop in prices. While no immediate end to the crisis is in sight, there are signs that prices—and hiring—may pick up again later this year.
HOUSTON – Wood Group has appointed two senior managers to lead Downstream operations in the western region. Troy Norvell assumes leadership of The Infinity Group, which was acquired by Wood Group in December 2015. Bo Stanley will lead Wood Group’s chemical, petrochemical, refinery and industrial activities.
NEW YORK (Reuters) -- Philadelphia Energy Solutions has tapped chief operating officer Gregory Gatta as its next chief executive officer, the refining company said on Wednesday.
One of the unfortunate realities of automation in process industries is the stubborn inability to improve on the weakest link of the chain: human beings.
It is no secret that capital costs of major projects have skyrocketed over the past decade. A July 2015 industry report noted that the average megaproject’s cost increase is 80% of its original value, with an average schedule slippage of 20 months.
The drop in oil prices has changed the overall dynamics of the hydrocarbon processing industry (HPI), as well as reduced prices for petrochemical products. Approximately $150 B of oil and gas projects have been canceled or put on hold.
Dr. Christoph Wegner will become president of BASF’s Information Services and Supply Chain Operations division, effective December 1, 2016.
As the industry works through the most volatile conditions in more than a generation, refiners are facing several challenges that will define the industry in the next decade.