The oil giant also said it would cut its capital investment and eliminate 6,500 jobs as the drop in oil and gas prices squeezes its vast global exploration and production operations.
Chosen excerpts by Job Market Monitor. Read the whole story at Royal Dutch Shell Profits Continue to Fall, Prompting 6,500 Layoffs – The New York Times.
The owner of British Gas has announced 6,000 job cuts over the next five years following a far-reaching strategic review, despite making £1 billion in profits. The results of the six-month review come as Centrica recorded a 44 per cent rise in profits at British Gas to £565 million. Chosen excerpts by Job Market Monitor. Read … Continue reading
Houston-based oil equipment maker National Oilwell Varco’s Norwegian arm said Wednesday it is shedding 1,500 jobs, or about a third of its staff here, as sales drop on lower oil prices and industrywide spending cuts, a day after Norway’s dominant oil company Statoil ASA announced a similar-sized job cut. National Oilwell Varco Norway said it … Continue reading
Norway’s Statoil launched the next phase of its efficiency program on Tuesday, announcing it would cut between 1,100 and 1,500 permanent employees by the end of 2016 as it looks to increase efficiency and strengthen competitiveness. The oil and gas major said a further 525 consultant positions will also be cut, while additional changes … Continue reading
Total SA on Thursday became the latest casualty of the oil-price swoon, reporting a $5.66 billion net loss for the latest financial quarter and promising to shed billions more in cost savings, including 2,000 layoffs by 2017. Chosen excerpts by Job Market Monitor. Read the whole story at France’s Total Plans to Cut Jobs, Sell Assets After … Continue reading
Energy giant BP said it was shedding 200 staff jobs and 100 contractors in its North Sea operations today following a sharp drop in oil prices. The company employs around 3,500 onshore and offshore workers in the North Sea operations, mainly in and around the oil hub city of Aberdeen in Scotland. Trevor Garlick, regional … Continue reading
Oilsands giant Suncor Energy says it will cut approximately 1,000 jobs and reduce its 2015 spending plans in response to lower oil prices. The job cuts will primarily affect contract workers, but will also involve a reduction in employee positions, according to Suncor’s announcement, made in a press release today. The Calgary-based company also said it will … Continue reading
One of the largest oil service companies in the world scaled-back its workforce recently as prices remain stymied. Halliburton Co. announced it would cut 1,000 jobs amid falling oil prices. The layoffs will take place in Europe, Asia, Africa, the Middle East and Australia. No jobs in the Americas would be affected by the cuts. … Continue reading
BP will cut thousands of jobs cut across its global oil and gas business by the end of next year in a $1 billion restructuring programme announced on Wednesday following steep falls in oil prices. The British oil major said it was also considering deeper cuts to its 2015 budget beyond the $1-$2 billion reduction … Continue reading