Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Ineos hires to expand into North Sea oil and gas production

24/11/2014 by Sharon Shahzad

W1siziisijiwmtqvmtevmjqvmtqvndkvmdivotixl05vcnrox1nlys5qcgcixsxbinailcj0ahvtyiisijywmhg0mdbcdtawm2uixv0

Swiss-based petrochemical and refining company Ineos is looking to expand into North Sea oil and gas production by hiring a number of senior and mid-level staff, its website showed on Monday.

The post of CEO of the new offshore oil and gas business has a remit "for leading a strategic review to support the INEOS entry into North Sea production, culminating in investment recommendations to the main INEOS board," the website said.

Up until now, few downstream participants have shown an interest in moving into capital intensive offshore oil and gas production, but this is starting to change.

Refiners and petrochemical companies are seen as potential new entrants to the market because upstream offers them an opportunity to secure crude supplies and offset some of the peaks and troughs of the oil product price cycle.

INEOS declined to comment on the plans for upstream expansion.

The company also said last week it plans to spend up to $1 billion on shale gas exploration in the United Kingdom.

INEOS co-owns the Grangemouth refinery and wholly owns the associated petrochemical plant in Scotland, which is supplied by North Sea oil and gas, as well as a plant in Norway and numerous other chemical plants around Europe.

It has already outlined plans to import ethane derived from shale gas from the United States as well as looking to find new sources of shale gas from sites around the United Kingdom.

Other posts advertised for its new offshore operations include operations director, engineering manager and commercial manager, while it is also looking to hire graduates for on and offshore positions.

There are plenty of assets for sale in the UK North Sea but deal flow has been sluggish this year due to a mismatch between buyers and sellers.

This article has been extracted from http://in.reuters.com, please click on this link to read the article in full http://in.reuters.com/article/2014/11/24/ineos-offshore-hiring-idINL6N0TE1QL20141124

Montash is a multi-award winning, global IT recruitment business specialising in permanent and contract positions across mid-senior appointments, which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security and Assurance, Architecture & Strategy, Scientific Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmdevmjavmtavntyvmtkvnzgzl0nsts5qcgcixsxbinailcj0ahvtyiisijm4mhgxmdajil1d

Salesforce moves into Seattle with new engine...

2017-01-20 10:00:00 +0000

Salesforce, a world leader in customer relationship management (CRM) solutions, has revealed that it is to open an innovation and engineering hub in Seattle. In order to increase the firm’s presence in the city, Salesforce Co-Founder Parker Harris said that the office located in Bellevue’s Nine Two Nine Office Tower will focus on its artificial intelligence (AI) initiatives. One reason for the move is so that the firm can access a new pool of talent. Ta...

W1siziisijiwmtcvmdevmtgvmdkvmtqvmzmvmzk5l0vsuc5qcgcixsxbinailcj0ahvtyiisijm4mhgxmdajil1d

Sage bolsters X3 business ERP solution

2017-01-18 09:00:00 +0000

Sage, one of the global leaders in enterprise resource planning (ERP) solutions, has revealed that it has signed up a trio of new clients to its X3 business solution. With the Salesforce.com partner wanting to be able to show its ability to host larger clients, the firm revealed that BrightBridge, Atlas Cloud and CLOUT are all now utilising the new and emerging X3 ERP platform. Sage Vice President of UK Enterprise David Watts talked about the latest agr...