The chief executive of the Oil and Gas Technology Centre (OGTC) has forecasted “some difficult times ahead” as the industry embraces digital innovations.
Aker Solutions has warned that revenue and earnings are expected to dip next year as it fights for work in a “very competitive market”.
An oil field services firm is to make dozens of job cuts in Aberdeen, it can be revealed today.
A third of the UK’s oil and gas firms are planning further job cuts this year as a result of a slump in prices, according to a new survey.
International oilfield service group Expro is operating with about 900 fewer people than a year ago after an “aggressive” drive to cut costs, one of its top bosses said yesterday.
Abu Dhabi's state-owned National Oil Co (ADNOC) plans to cut 5,000 jobs by the end of the year, and 2,000 of the lay-offs have already been carried out, Middle East news service MEED has reported.
The carnage caused by lower oil prices is about to lay waste to a further 2,000 jobs globally at energy service firm Weatherford International.
Unions are braced for confirmation of huge job losses at energy giant npower.
Oil major BP is said to be handing bonuses to Norwegian oil workers despite recent plans to make more than 200 redundancies.
National Oilwell Varco, the largest U.S. oilfield equipment maker, said it will cut its Norwegian workforce by 1,500 by the end of this year as low oil prices have reduced investments. It plans to cut 900 permanent jobs and 600 contractors, the firm said in a statement on Wednesday.
Statoil’s growing Aberdeen base will be safe from the firm’s latest round of job cuts, a spokesman confirmed. The firm announced earlier today it would cut up to 2,000 posts, comprised of permanent and consultant positions, by the end of 2016. The move is part of the Norwegian operator’s robust austerity measures.