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Pandemic Wiped 28,000 Oil & Gas Jobs in Australia, Rystad Says

Nov 18, 2020

The coronavirus pandemic has wiped 28,000 thousand oil and gas jobs in Australia this year, a quarter of the country's total oil and gas jobs count, Rystad Energy, a Norwegian energy market analytics company has found. 'Some of these jobs will be restored from 2021 onwards, but Australia’s oil and gas workforce will struggle to recover pre-pandemic levels for at least five years - if ever, as the energy transition increasingly alters the global energy mix…

Coronavirus, Consolidation Taking Toll On Energy Jobs

Oct 30, 2020

Oil and gas companies worldwide are taking an axe to their employment rolls, shedding workers to survive what is expected to be a prolonged stretch of weak demand.Exxon Mobil Corp said it will cut its workforce by 15%, or about 14,000 people…

Exxon to Cut 14,000 Jobs as Pandemic Hits Oil Demand

Oct 29, 2020

ExxonMobil Corp said on Thursday it could cut its global workforce by about 15%, including deep white-collar staff reductions in the United States, as the COVID-19 pandemic batters energy demand and prices.Exxon and other oil producers have…

Recruitment Firms Fircroft, NES Global Talent Set to Merge

Sep 22, 2020

Fircroft, and NES Global Talent, two global recruitment companies providing skilled personnel across various sectors including oil and gas, renewables, and power sectors, have agreed to merge.'The integration of these two great businesses will…

Inpex, Chevron Cutting Jobs in Australia

Sep 18, 2020

Inpex Corp said on Friday it expects to shed jobs at its Ichthys liquefied natural gas (LNG) project in Australia due to the slump in oil prices, but did not say how many would go.The cuts by Japan's biggest oil and gas company mark the latest…

Exxon Considering Global Job Cuts after Lay-Off Plan in Australia Revealed

Sep 02, 2020

Exxon Mobil Corp is assessing possible worldwide job cuts, a spokesman said on Wednesday, after the company announced a voluntary lay-off program in Australia.Exxon is the latest oil major to embark on axing jobs spurred by a historic collapse in fuel demand because of the coronavirus pandemic…

Oilfield Services Employment Diving to 10-Year Low

Aug 12, 2020

Oilfield services sector is set to reach the lowest total workforce count in over 10 years, as a consequence of the COVID-19 pandemic, low oil prices, and cuts in spending by the oil companies.'The oil market turmoil brought on by Covid-19 has…

Australia's Oil Search Slashes Workforce by 34%

Jul 01, 2020

Australia's Oil Search on Wednesday said it has reduced its total workforce by around 34% under its cost restructuring review to cushion the blow from subdued oil prices as a result of the coronavirus pandemic.The Papua New Guinea-focused oil…

Qatar Petroleum Plans New Wave of Job Cuts

Apr 30, 2020

Qatar Petroleum, one of the world's biggest energy companies, plans a new wave of job cuts and spending reductions to cope with the slump in oil and gas demand which has hit global economies, two sources familiar with the matter said.Economic…

Petrofac Confirms Capex, Jobs, Salaries Cuts

Apr 06, 2020

UK oilfield services provider Petrofac has confirmed it is planning staff reductions and furloughing as part of its action to save cash in response to low oil prices and COVID-19 pandemic.Reuters last week reported that Petrofac was planning to reduce the workforce by 20%…

PetroVietnam Reduces Salaries to Cope with Coronavirus, Low Oil Prices

Apr 01, 2020

Vietnam Oil and Gas Group is cutting employee salaries to rein in costs as it grapples with low oil prices and a coronavirus pandemic that has infected 212 people in the southeast Asian nation, the company said on Wednesday.The move was part of efforts to cut costs by 15% to 30%…

Santos Reviewing Spending Plans. Freezes Hiring, No Mass Job Cuts Planned

Mar 17, 2020

Santos Ltd, Australia's No. 2 independent gas producer, said on Tuesday it is reviewing all its capital spending plans in light of the collapse in oil prices and would stop all new hiring.Santos had planned to spend $1.45 billion in 2020, including $500 million on major growth activities…

Schlumberger to Create 200 Jobs in New Saudi Facility

Feb 25, 2020

Oilfield services giant Schlumberger has announced the opening of a manufacturing center in King Salman Energy Park (SPARK) in Saudi Arabia.The company said that center will manufacture well completions technologies including liner hangers and…

Renewable Energy Brings 11 Million Jobs

Jun 14, 2019

According to the International Renewable Energy Agency (IRENA) eleven million people were employed in renewable energy worldwide in 2018. This compares with 10.3 million in 2017.As more and more countries manufacture, trade and install renewable energy technologies…

Current News

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