Engineer
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Currently @<br />
OEdigital.com<br />
What’s Trending<br />
Unhappy<br />
New Year<br />
Online Exclusive<br />
Boosting efficiency<br />
in the UK North Sea<br />
Falling production efficiency has<br />
recently become a thorn in the side of<br />
the UK North Sea oil and gas industry.<br />
Is the industry getting to grips with<br />
its efficiency issues and, some ask,<br />
is it really that bad? Elaine Maslin<br />
reports.<br />
People<br />
Amec CEO resigns<br />
Amec Foster<br />
Wheeler’s<br />
• Norwegian investment<br />
continues to fall<br />
outspoken CEO<br />
Samir Brikho<br />
• BP to cut 4000 jobs<br />
by 2017<br />
stepped down in<br />
January.<br />
• WoodMac: US$380 billion<br />
of projects on hold<br />
Ian McHoul, the<br />
firm’s CFO, has<br />
Image from Maersk Drilling<br />
been appointed<br />
interim CEO and will chair the group<br />
leadership team while the search for the<br />
Activity<br />
new CEO is conducted.<br />
The company cut its dividend by half<br />
in November as it attempts to survive a<br />
Petrobras<br />
slump in oil prices — which are now below<br />
cuts capex<br />
US$30/bbl.<br />
Brikho, who has led Amec since<br />
Petrobras has made deeper<br />
2006, oversaw the company’s $3 billion<br />
cuts to its five-year business<br />
acquisition of Swiss engineering group<br />
plan in mid-January, cutting<br />
Foster Wheeler in 2014, when oil prices<br />
planned capital expenses<br />
were more than $100/bbl.<br />
by US$32 billion from the<br />
On his departure from Amec, Brikho<br />
previously announced $130.3<br />
said: “It has been a privilege to lead Amec<br />
billion it listed last June.<br />
Foster Wheeler at a time of huge change<br />
Petrobras will put $80 billion<br />
in the global energy and commodities<br />
(or 81%) of its capex toward<br />
market. My aim has always been to help<br />
exploration and production<br />
to create a leading integrated global<br />
activities. Petrobras said that<br />
service company capable of meeting our<br />
the revision keeps Brazilian<br />
customer demands. I am so appreciative<br />
E&P projects a priority, with<br />
of the unstinting work and support of the<br />
an emphasis on pre-salt.<br />
40,000 colleagues who all contribute to<br />
Amec Foster Wheeler’s success.”<br />
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February 2016 | OE 7
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