Employment

Oil giant Shell plans to cut 90 jobs at its Scottish headquarters in Aberdeen

June 02, 2017 | Company Operations, Employment, North Sea & Western Europe

  Shell told staff on Thursday that the positions are expected to go by the end of 2017 London, UK | – British–Dutch multinational oil and gas company, Shell said the move is not connected to plans to sell off £3 billion of assets to North Sea rival Chrysaor. Shell is also cutting 380 jobs in Glasgow with the closure of its offices in the city. Steve Phimister, UK vice president for upstream operations, said: “We intend to reduce the size of the organisation by approximately 90 onshore …

Nigerian oil labour union calls for Exxon Mobil shutdown over sacking of colleagues

May 19, 2017 | Employment, Nigeria

Lagos, Nigeria | – A Nigerian labour union on Friday called for the shutdown of all Exxon Mobil Corporation facilities in the Niger Delta, a union representative said. Reuters was unable to independently verify whether union members had shut down the company’s facilities. Oil industry sources said there had been no impact on production. Madubuezi Azubuike, who chairs the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in Rivers state, said the call followed the breakdown of talks with the company over sackings …

BP to create 500 North Sea jobs

June 03, 2016 | Company Operations, Employment, North Sea & Western Europe

London, UK | – British energy super major BP Plc is to hire more than 500 workers for major construction projects in the North Sea. The 534 jobs are linked to the hook-up and commissioning of the Clair Ridge development and BP’s Glen Lyon FPSO, due to arrive in the west of Shetland. “This is a very welcome announcement from BP that will provide a ray of light during what has been a particularly bleak period in the history of the North Sea”, Alexander Burnett MSP, Scottish …

Halliburton says it cut 6,000 jobs in Q1, delays earnings call

April 23, 2016 | Company Operations, Earnings Reports, Employment

London, UK | – Halliburton Corporation said it cut more than 6,000 jobs in the first quarter, during which revenue slumped 40.4 percent and it took a $2.1 billion restructuring charge mainly for severance costs and asset write-offs amid the prolonged slump in oil prices. Halliburton also postponed its earnings conference call to May 3 from April 25 to accommodate the April 30 deadline to close its acquisition of Baker Hughes Inc, the company said in a statement after the U.S. market closed on Friday. …

Nigeria’s oil unions urge government to prevent job cuts at oil major companies

March 25, 2016 | Company Operations, Employment

Abuja, Nigeria |  – Nigeria’s oil industry unions, the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG)  and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) which staged a strike this month, are pressing the government to prevent oil majors hit by a slump in crude prices from laying off staff, the oil minister said on Wednesday. The unions held a brief strike two weeks ago after the government unveiled plans to split state oil firm NNPC into different units, part of …

Chevron extends job cuts to global trading desks

October 09, 2015 | Company Operations, Employment

London, UK | – American energy giant, Chevron Corporation is cutting staff on its global energy trading desks this week, sources said on Thursday, making it the latest division to face reductions as part of a $3 billion cost-saving plan brought on by low crude oil prices. The Supply and Trading group, based in Houston, but with offices in Singapore, London and San Ramon, California, may be reduced by as much as 10 percent as part of a company-wide job reduction plan, according to two …

Chevron to lay off 1,500 employees to cut costs

August 06, 2015 | Company Operations, Employment

London, UK | – American multinational oil giant Chevron has announced plans to cut 1,500 jobs, around 2% of its global workforce, in an effort to make savings of $1billion. The company’s latest announcement comes amid plunging crude prices and the move is to offset the impact of falling crude prices. According to the company, nearly all of the layoffs will take place in Texas, US. In recent years, Chevron has expanded in Texas to develop land in the Permian shale formation, and California. “In …

Schlumberger cuts another 11,000 jobs as oil industry braces for next wave

April 17, 2015 | Company Operations, Employment

Workforce reduced by 15% since oil fall London, UK | – Schlumberger Ltd., the world’s largest oilfield services provider, will eliminate an additional 11,000 positions in a sign the industry will undergo another round of job cuts as a result of tumbling crude prices. The latest announced reductions bring the company’s total to 20,000, making its workforce about 15% smaller than it was during third-quarter 2014. Schlumberger had announced plans in January to eliminate 9,000 positions, in what was then the single largest cut in the industry. Energy …