Shell, Chevron, Statoil(Norway), BP cut Jobs -Oil industry professionals in trouble !

Oil sector cuts 7,000 jobs - and more to go


Oil sector cuts 7,000 jobs - and more to go

The Norwegian government run Statoil believe this is only the beginning.
Already this year the oil giant has announced between 1,600 and 1,900 job positions will have to go. All together the number of job cuts between 2013 and 2014 in the oil sector comes up to between 6,575 and 7,060, according to statistics from DNB Markets.

BP cuts jobs due to oil price fall

Oil giant BP is accelerating plans to cut hundreds of jobs within its back-office departments - many of them based in the UK and US.
The company, which has been downsizing since the oil spill in the Gulf of Mexico in 2010, said it had long planned the cuts, but is speeding up the process due to falling oil prices.
Crude prices have fallen by almost 40% this year, reducing oil firms' margins.
BP employs almost 84,000 people worldwide, and some 15,000 in the UK.
In the US, the firm employs 20,000 people, many of whom are based in Texas.

Shell to cut 250 North Sea onshore jobs in Aberdeen

The company said the move would affect both staff and contractors.
The reduction in staffing will be implemented over the next year. Shell said the move followed consultation with employees.
The energy firm added that it remained determined to have safe and competitive operations in the North Sea.
Shell said it employs about 4,500 staff and core contractors in Scotland, and has about 1,000 additional contractor positions.


Chevron to cut 225 jobs in North Sea oil operations

(Reuters) - U.S. oil major Chevron Corp. will cut about 225 jobs in its North Sea oil operations after reviewing its business in the region where high costs have undermined some field developments.

The second largest U.S. oil company will reduce by around one fifth its Aberdeen, Scotland-based oil and gas exploration operations headcount, it said in a statement to Reuters. The jobs will include contractors, employees, and expatriates.

Chevron, like many of its peers, has been under heavy pressure from shareholders to cut spending after seeing disappointing earnings and plans to sell about $10 billion of assets in the next three years.

US oil services company Schlumberger takes $1bn hit over weak oil price

Schlumberger expects to incur at $800 million write down on its fleet of aging and costly survey ships and $200 million to cover job cuts in a major reorganization, spurred on by low oil prices.

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