BP cuts oil exploration team down to fewer than 100 people – report
BP has made significant cuts to its oil exploration team, reduced to less than 100 people compared to a peak of over 700 before Bernard Looney's tenure, according to a news report.
job cuts
Scottish Government urged to back Aberdeen in budget as oil job cuts plague region
Calls have been made for the Scottish Government not to “ignore” the concerns that face Aberdeen and the Highlands during Thursday’s budget announcement, after an oil and gas downturn and thousands of job losses have plagued the region.
Biden cancellation of Keystone XL Pipeline prompts TC Energy to slash 1,000 Jobs
TC Energy Corp. has cut 1,000 jobs in both the US and Canada after President Joe Biden canceled the Keystone XL oil pipeline project.
Shell making 330 UK job cuts, majority in Aberdeen
Shell is planning 330 job cuts from its UK oil and gas business, the majority in Aberdeen, as part of its global restructuring.
Shell to lay off 700 workers at Louisiana refinery
Shell will lay off 700 workers after closing its Convent refinery in Louisiana, part of a company effort to reduce carbon emissions.
ConocoPhillips warns of 500 Houston job cuts as Concho deal nears
ConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts costs and prepares for the takeover of Concho Resources Inc.
Bilfinger job cuts total reaches 4,000
Job cuts at industrial services giant Bilfinger have now reached 4,000 globally so far this year.
Up to 200 jobs at risk at Petroineos Grangemouth refinery
Up to 200 jobs are at risk at the Petroineos oil refinery in Grangemouth.
Baker Hughes cuts headcount by 15% in latest hit for the industry
Baker Hughes has shed thousands of jobs in response to the downturn, cutting headcount by 15% so far this year.
Halliburton ‘executing on priorities’ after workforce reduced by 15,000
The chief executive of Halliburton has said “strong results” show it is “effectively executing on its strategic priorities” after the firm cut 15,000 jobs since the start of the year.
BP to make 7,500 of global job cuts compulsory – report
BP will make 7,500 of its planned global job cuts compulsory after roughly 2,500 workers applied for voluntary redundancy, according to a news report.
Schlumberger completes plan to axe 21,000 jobs
Schlumberger has completed its plan to cut 21,000 jobs in response to the oil downturn, according to its latest accounts.
BP CEO denies ‘greenwashing with a new brush’ by linking job cuts to energy transition
The CEO of BP has denied claims that linking job cuts to the energy transition is "greenwashing with a new brush".
Shell job cuts put green recovery ‘in sharp focus’ says union boss
A union official has said news of Shell planning thousands of job cuts globally puts the North Sea’s green recovery “in sharp focus”.
Updated: Aberdeen MP says Shell job cuts uncertainty ‘deeply regrettable’
An Aberdeen MP has said uncertainty from Shell is "deeply regrettable" as it plans up to 9,000 job cuts.
Shell plans up to 9,000 job cuts worldwide
Shell has announced plans for between 7,000 – 9,000 job cuts from its global workforce by the end of 2022.
Schlumberger sells US fracking business after oil price cripples demand
Schlumberger, the world’s largest oilfield services company, agreed to sell its US fracking business to a smaller rival following a collapse in demand.
Equinor making job cuts in UK, Canada and US in response to downturn
Equinor is making job cuts in the UK, Canada and US in response to the oil downturn, with its Aberdeen workforce included in the process.
Repsol Sinopec calls time on Tartan Alpha after 40 years
Repsol Sinopec Resources UK (RSRUK) has decided to stop production on its Tartan Alpha installation after nearly 40 years, putting some jobs at risk.
Petrofac falls to loss on Covid impact, sets new gender and net zero targets
Petrofac has set new targets to reduce its emissions and increase the percentage of women in its senior roles within the decade.
TechnipFMC posts £2.4billion losses for first half of 2020
TechnipFMC has recorded pre-tax losses of £2.4bn for the first half of 2020 thanks to heavy write-downs of its oil and gas assets.
Subsea 7 sinks to losses of £750m amid thousands of job cuts
Subsea 7 sank to losses of £751million in the first half of the year as it restructures the business with thousands of job cuts.
Fugro targets £100m annual savings from job cuts, other measures
Fugro is aiming to save nearly £110m (EUR120m) per year thanks to a 10% reduction in its workforce and other measures.
Former Lloyds Register team ‘build better future’ after department is shuttered
Former members of the Lloyds Register upstream consulting team say they are “building a better future” after the entire department was closed down.
North Sea job cuts rise to 7,500
More than 7,500 oil and gas workers have lost their jobs since the onset of the coronavirus crisis and tens of thousands more could go, industry leaders have warned.