layoffs

UK’s North Sea Oil Industry May See 45,000 Jobs Cut in 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

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

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

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

Oil major ConocoPhillips announced that it would be cutting around 1,800 jobs, reported< ...

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 2.5 billion dirhams ($681 million) this year after.

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

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.

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.

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