Partners in the Leviathan field offshore Israel have secured US$1.5-1.75 billion funding towards the field development project. Delek Drilling and Avner Oil Exploration secured the cash from HSBC Bank and J.P. Morgan. It will be released in tranches…
Noble Energy's long-term plans has cut 60 jobs from its workforce, with 55 of them in Houston, and lays out plans for its offshore assets in the Eastern Mediterranean. Tamar operations, image from Delek…
Shell is set to cut 380 jobs as the supermajor moves to close its finance office in Glasgow following a review of its global finance operations, according to news reports. 'For Shell to remain competitive, difficult choices continue to…
Statoil is cutting its contract short for Stena Drilling's Stena Don semisubmersible drilling rig, leading to about 180 job cuts. The Stena Don, from Stena Drilling. The rig has been on contract with Statoil since 7 February 2014…
FMC Technologies is moving forward with its aggressive tactics to make more job cuts in Q4 2016, as the company reported a 29% drop in revenue for Q3 2016. Illustration of FMC Houston offices, from FMC Flickr…
More than 300 oil service employees in Norway have gone on strike this morning after mediation talks yesterday were said to have failed. Industry Energy, a union which represents workers, claimed the Norwegian Oil & Gas association did…
Schlumberger has reduced its workforce by 16,000 so far this year, which the oil services giant attributed to weak activity that it expects to persist throughout the year. Image from Schlumberger…
The Houston BG Group office will close by the end of the year, and layoff a total of 154 jobs, with the majority set to be cut late next month. According to a letter to the Texas Workforce Commission, 118 employees will be laid off on 31 August…
Royal Boskalis Westminster has made a drastic decision to cut about 650 jobs worldwide, and take more than two dozen vessels out of service in the next two years as a result of the prolonged, weakened market. Image from Boskalis…
Subsea 7 will cut 1200 staff from its workforce, and five vessels from its active fleet by early 2017 amid the ongoing downturn in the oil and gas industry. Subsea 7 said that the job and vessel cuts together with other cost savings initiatives started at the beginning of the year…
Oil major Shell has said it is to cut around 475 jobs from its UK and Ireland business by the end of this year as it further reduces its cost base. The firm has already announced more than 10,000 jobs cuts globally, including some 2800…
Wood Group has been awarded a three-year contract, extending its support of Shell’s eight UK Continental Shelf offshore assets. Wood Group PSN (WGPSN) will continue to deliver maintenance and construction services to the Shearwater, Gannet…
Centrica plc will reduce its workforce by 3000 jobs this year, with the first 800 jobs to be cut in the first three months, in efforts to cut costs by more than US$1 billion (£750 million) per year. The job cuts are most likely to hit British Gas…
Supermajor Chevron has cut 655 upstream jobs from its Houston workforce, adding to the list of oil and gas companies that have been hit by the low oil prices. John Watson, from Chevron. “In light of the current market environment…
Murphy Oil is planning to make cuts to its worldwide workforce in direct response to the negative impacts of low commodity prices. Image from Murphy Oil. “Over the course of the past year and a half…
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