(Reuters) – Papua New Guinea oil and gas company Oil Search said on Wednesday that it had cut a third of its workforce amid declining demand in an upheaval that is also aimed at reserving management positions in Papua New Guinea (PNG). citizens and women.
Oil Search, listed in Australia, said it has cut its full-time workforce to 1,222 – with 137 more to move by the end of the year – from all of its sites as it seeks to consolidate its results in an environment of low crude oil levels as well as the drop in demand.
He also said it would strengthen managerial positions for PNG citizens: expatriate positions in PNG will be reduced to 7% of all jobs, while the percentage of women in the workforce and positions direction will reach about 28%.
The oil and gas producer currently has women in four of the 16 executive and management positions, according to his website. He did not immediately respond to an email requesting clarification on the representation of PNG nationals in its workforce and management positions.
Oil Search reported in May that it plans to cut oil production in Papua New Guinea from July due to low world prices. It produced 1.57 million barrels of oil last year in PNG.
As demand for oil picked up after the worst weeks of the coronavirus epidemic, a resumption of new infections in the United States has rekindled uncertainty about oil prices and demand. [O/R]
Oil and gas producer said on Wednesday it expected production costs of around $ 10.50 a barrel of oil equivalent (boe) ahead of one-time costs in 2020, compared to previous forecasts from 11-12 $ / boe.
Stocks rose 0.6% to 0143 GMT, up nearly 1% from the ASX 200 benchmark
Sameer Manekar reports in Bengaluru; Editing by Himani Sarkar and Kenneth Maxwell
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]