DOF Subsea, a leading provider of integrated subsea solutions to the offshore oil and gas industry, is in the process of developing a diving capability to service the North Sea and West Africa.
Chevron has made around 1,000 workers redundant from its Gorgon LNG plant in Australia as it looks to streamline costs.
Chevron has completed a jobs consultation process which will see a reduction in headcount by 140 positions from its North Sea operations. Earlier this week the company said it would be reducing its spending in 2016 by around 24%.
Wood Group's chief financial officer said the company expects changes to shift patterns in the North Sea to remain when the industry returns to an up-cycle period.
Oil major Chevron is making headcount reduction from its staff in Australia as it looks to streamline costs across the globe. The company previously announced it would be cutting between 6,000 and 7,000 jobs around the world as it looks to combat low oil prices.
Bibby Offshore has launched a jobs consultation with staff over redundancies from its North Sea operations. It is understood around 120 jobs are under consultation with around 40 job losses expected across all departments.
Seismic specialist TGS said it will be reducing its global headcount by up to 130 jobs. The Norwegian company said the move has been made in a bid to improve efficiency and competitiveness during challenging market conditions.
Noble Energy is set to reduce its headcount by around 180 positions as it looks to downsize its workforce during the oil price decline. The company said the job losses – which include 60 in Texas – will be from their Houston headquarters as well as the Permian Basin and Eagle Ford area.
Oil major Chevron is said to be considering whether to make 1,000 staff members who work in the neutral zone between Saudi Arabia and Kuwait redundant. According to the Wall Street Journal, a dispute between the countries has halted all work on oil fields for several months. The company has already reduced the number of petroleum-development rigs in the neutral zone.
Weir Group will reduce its headcount by a further 400 jobs overseas as it looks to reduce costs. The company said it expects trading conditions remain challenging through the fourth quarter of the year with further declines in oil and gas exploration and production. The valve and pump maker said it was also feeling pressure as a result of lower mineral prices.
Oil major Chevron is reviewing up to 140 positions across its North Sea operations as it looks to streamline costs.
Oil major Chevron said it had reduced its 2016 budget by 25% as well as laying off around 10% of its workforce. The company said it plans to spend between $25billion to $28billion next year. It will also reduce its spending in 2017 and 2018, an acknowledgement that oil prices are not expected to rise drastically in the next few years.
Husky Energy Inc. plans to keep cutting jobs after eliminating 1,400 positions, the most disclosed by a Canadian energy company in the oil-price slump. Job cuts have represented 80 percent contractors and 20 percent employees and will continue, Husky said in a statement Friday, reporting its biggest-ever quarterly loss. The Canadian producer and refiner controlled by Hong Kong billionaire Li Ka- Shing also outlined plans to pay its dividend in stock, consider asset sales and extend a companywide salary freeze started at the end of 2014. The shares fell 5.5 percent to C$19.16 at 9:36 a.m. in Toronto.
Thousands more steel jobs could be lost if action is not taken to tackle the threats facing the industry’s “vulnerable” supply chain, the Government is being warned. The International Steel Trade Association (Ista) said scores of medium sized firms were at risk if the crisis gripping the industry escalates. Thousands of job losses have been announced in recent weeks by Tata Steel and SSI in Redcar, Scunthorpe and Scotland, with cheap imports and high energy costs being blamed.
Fears about fresh job losses in the steel industry have been confirmed after Tata announced plans to cut 1,200 posts. Around 900 jobs will be cut from the firm’s giant plant in Scunthorpe, with 270 in Scotland and a small number in other sites. The firm said the cuts were in response to a shift in market conditions caused by a “flood” of cheap imports, particularly from China, a strong pound and high electricity prices.
Two of the North Sea’s biggest oil explorers have warned there could be a further 10,000 jobs losses in the oil and gas industry. Both Amjad Bseisu, chief executive of EnQuest, and Premier Oil’s chief executive Tony Durrant said the industry was making the expectation as the decline in oil price continues. Industry body Oil & Gas UK has reported up to 5,500 jobs have been affected in the last year.
Support for solar power which would add just £1 to bills by 2019 could save thousands of at-risk jobs and help the popular energy source become subsidy free, the industry has said. The Government has announced plans to cut subsidies for small-scale arrays of rooftop solar panels by 87%, which it says is necessary to stop renewables support costs spiralling out of control. But the Solar Trade Association (STA) has warned the move could cost up to 27,000 jobs, and waste public money already spent on supporting the technology.
Weatherford has launched a consultation with staff in its UK operations for up to 75 positions. The move comes after the company revealed earlier this year it would be making redundancies across the globe as it looks to streamline costs. The redundancies will affect staff in its North Sea operations and staff have been informed of the move.
Schlumberger is set to reduce its headcount further as it looks to streamline its costs amid a continued low oil price. The company said it would also be consolidating its manufacturing and distribution network as it does not expect a recovery in demand before 2017. Chief executive Paal Kibsgaard said the timing of a recovery in the oil price and an increase in oilfield services activity in combination with a more conservative spending outlook from customers has led to further action.
Callum McCaig has branded the Labour Party “shameful” amid claims the SNP failed to act to protect North Sea oil and gas jobs. The Aberdeen South MP told a packed conference hall he would have “appreciated some help” from other MPs in his efforts to protect the “vital industry”. Mr McCaig was responding to comments from Kezia Dugdale reported in Energy Voice's sister publication the Press and Journal.
CHC has confirmed 18 employees have been made redundant after a consultation took place over roles. The company said it had been able to minimise the loss to its North Sea operations. In August CHC began a consultation with staff estimating 50 positions could be affected at its Aberdeen base.
Aker Solutions has confirmed it is set to axe up to 70 North Sea jobs. The Norwegian firm said the move, announced to staff at its Dyce offices this morning, was part of a wider cost cutting programme announced last month. Overall the company said it would cut 500 jobs across operations in Norway and 400 roles outside of the country.
ConocoPhillips has begun a reduction in its headcount in Alaska as part of the company's 10% workforce decrease in the state.
An energy firm has cut jobs at its Aberdeen base. Lockheed Martin confirmed 27 posts have been made redundant. The US-led firm acquired its city base as part of a deal to take over Amor Group two years ago. A company spokesman said “the majority” of the 27 job losses were in the Aberdeen office.
Farstad Shipping said it has laid up two PSV and three AHTS in Norway amid a weakening North Sea market. The move means 100 employees are to be made redundant. The company said it was now fully focused on securing contracts and employment of vessels and crews.