layoffs | Egypt Oil & Gas
China’s Fourth-Largest Oil Producer to Cut Salaries, Spending, Investments
Shaanxi Yanchang Petroleum Group, China’s fourth-biggest oil producer, is cutting investments and salaries because of the oil price crash, according to people with knowledge of the matter cited by Bloomberg. The compa... US Oil, Gas Companies Record Further LayOffs
US companies announce further layoffs amid prolonged low oil prices, RigZone reported. Traditionally, low oil prices were seen as a boost to US economic growth. Cheap oil had previously helped the country, which used ...
Oman Devising Energy Master Plan as Oil Workers Laied Off
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, reported the Gulf News Journal. A long-t...
ConocoPhillips Announces 10% Workforce Layoffs
Oil major ConocoPhillips announced that it would be cutting around 1,800 jobs, reported The Columbian. The Houston based company has struggled to maintain profitability in an era of persistently low oil prices. Conoco...
Taqa Layoffs Still Not Enough to Stem Sliding Profits
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 2.5b dirhams ($681m) this year after. The reported cause, made by Taqa in an emaile...
Qatar Petroleum Lays Off Workers, Scraps Insurance, Catering, Service Companies
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, chief executive Saad Sherida al-Kaabi said on Tuesday. He was speaking ...
Job Cuts, Profit Losses Hit Oil Sands Industry in Canada
Suncor Energy Inc., Canada’s largest oil company, reported a first-quarter loss after crude prices plunged to the lowest since 2009. The oil-sands producer lost C$341 million ($283 million), or 24 cents a share, compa...
Oil Prices Prompt Further Layoffs at Weir Group
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. The Glasgow-based engineer, which manufactures valves and pumping ...Page 1 of 1
