National Oilwell Varco (NOV) has confirmed it will cut more Houston jobs as it switches locations.
Shell will scoop up the tax breaks on redundancy payments that had been available to departing workers, a news report said yesterday. So-called foreign service relief allows UK workers who have spent parts of their careers abroad to reclaim some of the tax due on severance pay, but Shell has moved to claim the money instead, Reuters reported. According to the report, which cites internal documents from Shell, the company introduced the policy on April 1.
Subsea 7 is to cut its global workforce by another 1,200 and has confirmed up 430 jobs will go in the UK as part of the company’s global resizing and cost reduction measures.
An estimated 120,000 jobs will have been lost by the end of this year as a result of the collapse in fortunes of the UK offshore oil and gas industry.
Engineering services group Amec Foster Wheeler has entered into consultation with employees in its Great Yarmouth offshore services facility with up to 100 jobs potentially at risk.
Two energy giants have distanced themselves from rumours of another $17billion mega-merger as the low oil price environment creates a febrile environment for takeover speculation.
Chevron plans to lay off 800 staff this year in Thailand as it looks to cut $500 million in costs at the Thai business to weather the fall in global oil prices, the company said.
Aker Solutions has closed its fabrication operation at Agotnes, near Bergen in Norway, with the loss of 60 jobs.
Another 17 jobs are to go at Scatsta Airport due to a sharp reduction in offshore activity in the wake of falling global oil prices.
The University and College Union (UCU) has warned that cutting staff numbers at Robert Gordon University will threaten teaching quality and undermine efforts to recruit more students.
Job cuts accelerated to a six-month high in the first month of the year as growth remained in “low gear”, according to a report.
British Gas is to axe 500 jobs, hitting its loft and cavity wall insulation business, as part of the company’s efficiencies programme.
Aberdeen food banks are braced for an influx of jobless oil and gas workers seeking food parcels as thousands of jobs are lost in the north east.
General Electric’s 5,000 Scotland-based employees will not be affected by plans to cut about 600 UK jobs, the US firm said yesterday. The redundancies at General Electric (GE) form part of the industrial giant’s wider plans to lay off 6,500 staff members in Europe, where it employs 100,000 people. Most of the 600 UK job losses are expected to take place at GE’s sites in Rugby and Stafford in England, a spokesman for GE said yesterday.
General Electric Co. plans to eliminate about 6,500 jobs in Europe, citing waning demand for gas and steam turbines in the region as it integrates Alstom SA’s energy units into its operations.
In July 2015, Oil and Gas UK said North Sea industry had suffered 5,500 direct job losses from the start of 2014 to June 2015. In a report published in September, the same organisation estimated that about 65,000 oil and gas related jobs had been lost in the UK over the same period. Since then, at least 1,000 more have been revealed:
BP's plans to reduce its North Sea headcount by 600 will come as a "hammer blow" to staff members and contractors alike, a union boss has said.
Oil major BP has today informed staff members of plans to slash its North Sea headcount by 20% amid “toughening market conditions”. About 600 of the 3,000 staff members and agency contractors tied to the company’s North Sea operations will be made redundant, a spokesman for the company said. Of the 3,000 staff members, 1,800 work in Aberdeen, 500 are employed offshore, 200 are based at Sullom Voe on Shetland, 200 are in the Grangemouth area, while a further 250 are in South Korea on contracts linked to BP’s Quad 204 and Claire Ridge developments.
State-owned Taqa swung to loss for its third quarter financial results.
Energy firm GE Oil and Gas today announced plans to cut jobs at its facility in Peterhead due to low oil prices. GE employs about 130 people at the base, where components used in the oil and gas industry are made. The firm, which also has operations in Aberdeen and Montrose, did not specify the exact number of staff members it intends to lay off, or the amount of money it expects to save as a result of the measure.
Chevron Corp, the second-largest U.S. oil company, said on Tuesday it would lay off 1,500 employees, about 2 percent of its global work force, as it trims costs to offset declining crude prices. Nearly all of the layoffs will be in Texas, where the company has expanded in recent years to develop land in the Permian shale formation, and California, where Chevron is headquartered. Fifty international employees will be laid off and roughly 600 contractor positions will be canceled, the company said in a statement.
Offshore union boss Jake Molloy said lay-offs at Bristow were "desperately sad", but were also "inevitable" given the thousands of jobs cut already in the North Sea.