layoffs
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UK’s North Sea Oil Industry May See 45,000 Jobs Cut in 2016
Tuesday, 29th March 2016
British Oil and Gas companies located in UK's North Sea region could let go up to 45,000 employees in 2016, according to Sir Ian Wood, the former Chairman of Wood Group, an energy services company. -
China’s Fourth-Largest Oil Producer to Cut Salaries, Spending, Investments
Tuesday, 29th March 2016
Shaanxi Yanchang Petroleum Group, China’s fourth-biggest oil producer, is cutting investments and salaries due to the oil price crash. -
US Oil, Gas Companies Record Further LayOffs
Wednesday, 16th March 2016
As the oil and gas industry continues to struggle with the prolonged low oil price environment, more companies in the United Stated are announcing layoffs. -
Oman Devising Energy Master Plan as Oil Workers Laied Off
Monday, 26th October 2015
Oman's top 100 energy sector stakeholders held a workshop Tuesday aimed at drafting the most-critical recommendations to be included in Oman’s 25-year energy master plan -
ConocoPhillips Announces 10% Workforce Layoffs
Wednesday, 9th September 2015
Oil major ConocoPhillips announced that it would be cutting around 1,800 jobs, reported The Columbian. -
Taqa Layoffs Still Not Enough to Stem Sliding Profits
Sunday, 16th August 2015
According to Bloomberg Abu Dhabi’s Taqa has had to lay off 22% of its oil and gas jobs over the past year, with spending to be cut by 2.5 billion dirhams ($681 million) this year after. -
Qatar Petroleum Lays Off Workers, Scraps Insurance, Catering, Service Companies
Thursday, 25th June 2015
Qatar Petroleum, the state-owned oil and gas giant, has reduced its staff numbers in a restructuring and decided to exit all non-core businesses -
Job Cuts, Profit Losses Hit Oil Sands Industry in Canada
Thursday, 30th April 2015
Suncor Energy Inc., Canada’s largest oil company, reported a first-quarter loss after crude prices plunged to the lowest since 2009. -
Oil Prices Prompt Further Layoffs at Weir Group
Thursday, 30th April 2015
Weir Group is to cut a further 125 oil and gas jobs in North America as the FTSE 100 engineer continues to feel the pain from the slump in oil prices.
Latest News
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Egypt to Host IEF-IGU Ministerial Gas Forum 2022
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GPC Production Hits New Record of 74,000 boe/d
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Petromaint, Petrogas Sign Technical Services Agreement
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Copetrole Market Share Expands to 30%
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Loading ...| Commodity CMDTY | Units | Price | Change |
| Crude Oil (WTI) WTI | USD/bbl | 70.35 | -2.25% |
| Crude Oil (Brent) Brent | USD/bbl | 73.91 | -1.90% |
| NYMEX Natural Gas | USD/MMBtu | 4.97 | -2.55% |
| OPEC Basket Price | USD/bbl | 74.17 | +1.20% |
Last Modified September 20, 2021