Shell has announced plans for between 7,000 – 9,000 job cuts from its global workforce by the end of 2022.
ConocoPhillips has begun a reduction in its headcount in Alaska as part of the company's 10% workforce decrease in the state.
The chief operating officer of Trinity Exploration & Production will step down from his role as the company makes a number of redundancies following the low oil price. Craig McCallum will leave his position at the end of March next year as the company makes a number of management changes. Trinity said a redundancy programme has been implemented as it assesses its current funding position in the low oil price environment.
Electromagnetic Geoservices (EMGS) said it has reduced its headcount by 20% as well as reducing its fleet down to three vessels as it looks to make cost savings. The company said its revenues were down to $12.1million from $42.5million the same time a year earlier. Contract sales ended at $4.8million while sales from the multi-client library ended at $7.3million.
Statoil could reduce its headcount by more than 2,000 staff as it looks to make cost savings following the oil price decline. According to reports, the move would affect engineering staff – particularly workers drilling and maintaining wells – as well as administrative staff.
Buzzard operator Nexen has announced it plans to cut its North Sea workforce by 50 roles in response to the downturn in oil prices. The firm, owned by Chinese oil explorer CNOOC, will cut a further 350 jobs in its North American business where it has interests in the Alberta oil sands. The firm, which has offices the Prime Four business park at Westhills, said its Nexen UK business has initiated a consultation process to “adjust its staffing levels by approximately 50 employees”.