Petrobras to cut more than 50 jobs from Houston office

Petrobras to cut more than 50 jobs from Houston office

Having closed a deal with Murphy Oil to form a Gulf of Mexico joint venture earlier this month, Brazilian energy major Petrobras is set to cut more than 50 jobs in its Houston office according to the Houston Chronicle.

Both Petrobras and Murphy Oil have contributed all of their current producing Gulf of Mexico assets to joint venture company, MP Gulf of Mexico, of which Petrobras will take a 20% stake.

The move will see Petrobras cut its staff numbers in Houston by more than one third, the company informed the Texas Workforce Commission.

Petrobras has been on a big divestment drive as it continues to shore up its finances, which were hit hard by the revelations about a multibillion-dollar graft scheme involving executives at Petrobras and numerous contractor companies.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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