In the News

Oil and Gas Industry – 100,000 layoffs over oil price slump

Layoffs in the oil and gas industry are nearing 100,000 worldwide since oil price started declining late last summer, a report said. North Sea Oil

Oilfield service companies Schlumberger, Baker Hughes, and Halliburton announced layoffs of around 20,000, 10,500, and 9,000 employees respectively, while E&Ps BP and Chevron each announced layoffs approaching 10,000 of their employees, according to Douglas-Westwood, a leading provider of market research in engineering and energy industry.

According to a survey completed in January 2015 by Rigzone, 44 per cent of the surveyed companies indicated that they plan to hire fewer workers over the next six months while 5 per cent indicated they plan to completely halt hiring efforts.

Chosen excerpts by Job Market Monitor. Read the whole story at 100,000 industry layoffs over oil price slump.

Related Posts

Oil Industry – Mass layoffs complicate long-term plans

More than 100,000 layoffs have been announced across the industry worldwide since prices began to slide last summer, according to a tally kept by Bloomberg.  In recent weeks other major service companies have announced job reductions. Halliburton announced it will cut 6,400 jobs (8 percent of its global workforce) while Schlumberger will eliminate 9,000 positions … Continue reading 

Oil Prices – Dampening the recruitment activity but hiring has not stopped

The recent decline in oil prices has led to a “softening” of recruitment in the region’s oil and gas sector, but there are still employment opportunities available in the UAE for those seeking new positions, experts told Gulf News.  Overall, demand for new employees is still on the rise in the UAE, with nine out … Continue reading 

Crude oil’s collapse will cost 9,000 jobs at Schlumberger

Oilfield services giant Schlumberger plans to cut 9,000 jobs as the global collapse in crude oil prices crimps production in 2015 and perhaps even longer. The cuts — nearly 8% of Schlumberger’s 120,000 workers, were announced Thursday “to better align with anticipated activity levels for 2015,” the company said. Chosen excerpts by Job Market Monitor. Read … Continue reading 

Oilsands in Canada / 478 000 direct, indirect and induced jobs last year says a report

Canadian oil sands production is currently generating significant economic benefits for Canada in terms of jobs, economic growth and government revenue, a new IHS CERA Oil Sands Dialogue study finds. The economic contributions of oil sands—currently greater than that of Saskatchewan, Canada’s fifth largest province—will grow substantially in coming years as oil sands production is … Continue reading 


3 thoughts on “Oil and Gas Industry – 100,000 layoffs over oil price slump


  1. Pingback: Statoil Cutting up to 1,500 Permanent Jobs – WSJ | Job Market Monitor - June 16, 2015

  2. Pingback: National Oilwell Varco – To cut 1,500 jobs | Job Market Monitor - June 17, 2015

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter



%d bloggers like this: