Wood says ‘employee reductions are being made’ in response to coronavirus
Aberdeen-headquartered energy services firm Wood has said “employee reductions are being made” in order to tackle the effect of the coronavirus outbreak.
job cuts
More than a million oilfield services jobs will ‘likely be cut’, Rystad warns
More than a million oilfield services (OFS) jobs globally "will likely be cut" as the industry grapples with the oil price war and the effects of the coronavirus, according to Rystad Energy.
‘Difficult times ahead’ – OGTC chief on digital transition
The chief executive of the Oil and Gas Technology Centre (OGTC) has forecasted “some difficult times ahead” as the industry embraces digital innovations.
Aker Solutions warns of earnings and revenue drop in 2020
Aker Solutions has warned that revenue and earnings are expected to dip next year as it fights for work in a “very competitive market”.
Baker Hughes to make job cuts in Aberdeen
An oil field services firm is to make dozens of job cuts in Aberdeen, it can be revealed today.
32% of oil and gas firms ‘planning more job cuts’, according to Bank of Scotland report
A third of the UK’s oil and gas firms are planning further job cuts this year as a result of a slump in prices, according to a new survey.
Expro sheds 900 jobs in a year amid oil price turmoil
International oilfield service group Expro is operating with about 900 fewer people than a year ago after an “aggressive” drive to cut costs, one of its top bosses said yesterday.
Adnoc said to be cutting 5,000 jobs
Abu Dhabi's state-owned National Oil Co (ADNOC) plans to cut 5,000 jobs by the end of the year, and 2,000 of the lay-offs have already been carried out, Middle East news service MEED has reported.
Another 2,000 jobs to go at Weatherford
The carnage caused by lower oil prices is about to lay waste to a further 2,000 jobs globally at energy service firm Weatherford International.
Npower expected to confirm 20% cut to workforce
Unions are braced for confirmation of huge job losses at energy giant npower.
BP Norway employees to get bonuses despite job cuts
Oil major BP is said to be handing bonuses to Norwegian oil workers despite recent plans to make more than 200 redundancies.
National Oilwell Varco to cut 1,500 Norwegian jobs
National Oilwell Varco, the largest U.S. oilfield equipment maker, said it will cut its Norwegian workforce by 1,500 by the end of this year as low oil prices have reduced investments. It plans to cut 900 permanent jobs and 600 contractors, the firm said in a statement on Wednesday.
Statoil’s Aberdeen base safe amid company cuts
Statoil’s growing Aberdeen base will be safe from the firm’s latest round of job cuts, a spokesman confirmed. The firm announced earlier today it would cut up to 2,000 posts, comprised of permanent and consultant positions, by the end of 2016. The move is part of the Norwegian operator’s robust austerity measures.