Job Cuts News

 

Shell extends Wood Group North Sea contracts

May 05, 2016

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 to cut 3000 jobs in 2016

Apr 18, 2016

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…

Chevron cuts 655 Houston jobs

Apr 07, 2016

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: A reduction in force

Apr 04, 2016

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…

Maersk cuts Chissonga jobs in Houston, Angola

Mar 31, 2016

Some 100 job cuts are being made at Maersk Oil as the company struggles with improving returns on its unsanctioned Chissonga project in Angola that will see the closing of its Houston office and reducing its staff in Luanda. Image…

Transocean to cut 80 Discoverer Americas jobs

Mar 15, 2016

Transocean will lay off about 80 jobs that were part of the Transocean Discoverer Americas ultra deepwater unit, which Statoil canceled in December. The Discoverer Americas, from Transocean. The 70-80 lay offs…

Aker axes 600 more subsea jobs

Mar 14, 2016

Aker Solutions is reducing its Norwegian workforce by as many as 600 positions as the company takes necessary measures to strengthen the organization and boost competitiveness amid a continued market slowdown. Image from Aker…

Anadarko to cut 1000 jobs

Mar 10, 2016

Anadarko Petroleum has cut some1000 jobs from its workforce, as the company braces itself for its proposed budget cut of nearly 50%, to stay afloat during the downturn hitting the entire oil and gas industry. Anadarko CEO Al Walker…

UK court sanctions Shell, BG merger

Feb 11, 2016

The High Court of Justice of England and Wales has sanctioned the mega merger between supermajor Shell and BG Group, paving the way for the biggest merger in more than a decade to be complete early next week.  However, the merger remains…

SBM cuts 3200 jobs in 2015, more to come

Feb 10, 2016

SBM Offshore says there are no signs of recovery before 2018, as the floating production specialist reduced its workforce by 3200 in 2015, with more job cuts expected this year. Image of the Cidade de Saquarema in Guanabara Bay…

Shell in the red, confirms 10,000 job cuts

Feb 04, 2016

Shell’s Q4 2015 earnings fell 57% along with its full year earnings taking a major plunge of 80%, as the Anglo-Dutch supermajor confirms the reduction of some 10,000 across both Shell and BG Group, once the mega merger is complete in a few weeks…

Shell, BG merger gets final approval

Jan 28, 2016

BG Group shareholders made the final decision in the US$70 billion mega merger with Shell in an overwhelming 99.53% vote in favor of the deal today (28 January), making it the biggest merger between two supermajors in more than a decade. BG…

Shell shareholders approve BG merger

Jan 27, 2016

Shell shareholders approved the US$70 billion takeover of BG Group in a landslide vote of 83.08% in favor of the mega merger today (27 January) in The Hague, The Netherlands. Shell CEO Ben van Beurden…

Schlumberger in $1bn loss, 10,000 job cuts

Jan 22, 2016

Oil services giant Schlumberger posted more than a US$1 billion loss in its Q4 and full year 2015 results, in addition to a further 10,000 job cuts, bringing its workforce reduction to some 30,000 for the year. Kibsgaard…

BP to cut about 4000 jobs by 2017

Jan 12, 2016

UK oil giant BP plans to cut approximately 4000 jobs across its global upstream sector in the next two years to simplify its business, improve efficiency, and reduce costs. Image from BP. BP…

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