ProPetro Holding Corp this month cut about 150 workers, people familiar with the matter said on Monday, the latest sign of growing trouble in the oilfield services sector as U.S. shale producers reduce drilling.The job cuts reflect slowing shale activity due to weak prices for oil and gas…
French oil major Total SA said on Thursday it would cut 200 jobs in Denmark as part of the redevelopment of the Tyra gas fields in the North Sea.Total, which bought A.P. Moller-Maersk's oil and gas business in 2017, will shut production at the…
Two thirds of companies in north east Scotland have made job cuts in the past year, but optimism that the end could be in sight has risen, according to a survey. The annual 25th Oil and Gas survey, conducted by Aberdeen & Grampian Chamber…
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…
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