Morgan Stanley’s top boss issued a stern warning to his staff Monday — come back to the office by Labor Day, or face a pay cut.
“Make no mistake about it. We do our work inside Morgan …
As oil climbs above $70 a barrel for the first time in almost three years, oil field firms are reporting prices for their services and equipment have bottomed and many are fielding more calls for jobs.
U.S. crude production, …
HOUSTON – Negotiators for the United Steelworkers union (USW) and Exxon Mobil Corp will meet on Thursday for the first time since the company locked 650 workers out of its Beaumont, Texas, refinery on May 1, said a union …
Exxon Mobil Corp XOM.N expects up to $200 million in charges this year related to job cuts in an era of cost savings, according to a regulatory filing.
The biggest U.S. oil producer has slashed costs, delayed projects and …
LAFAYETTE, La. (KLFY) – Louisiana officials say the state’s oil and gas industry is in danger.
This comes after President Joe Biden cancelled a March oil lease sale in the Gulf of Mexico. Nearly 80 million acres of available …
U.S. shale oil and gas producer Chesapeake Energy Corp plans to cut 15% of its workforce, an email sent to employees revealed, as it closes on new financing that will allow it to emerge from bankruptcy court protection next …
LONDON – Almost one in three workers in the oil and gas industry faced pay cuts in 2020, a worldwide survey showed on Tuesday, as the coronavirus crisis drove down fuel demand and prices.
Oil and gas workers are …
President-elect Joe Biden is close to announcing a slate of Cabinet nominees who will be central to his administration’s sweeping plan to fight climate change, according to sources familiar with the matter.
For the interior secretary post, Biden appears …
Reuters
Hourly employees at Royal Dutch Shell Plc’s Convent, Louisiana, refinery, scheduled for permanent closure as early as next week, received details this week of the severance package negotiated by their union and Shell, three people familiar with the agreement …
Industrial action could result in the closure of more Norwegian oil and gas fields, with Norway’s security personnel union to strike at heliports used for transport to offshore platforms from midnight tonight.
Security guards will begin strike action at …
Energy Voice
Shell has moved to reassure offshore workers that they will receive their full day rate, even if they’re forced to return home due to Covid-19 concerns.
Shell has moved to reassure offshore workers that they will receive their …
WASHINGTON/NEW YORK – Democratic presidential nominee Joe Biden, seeking to allay concerns that his plan to fight climate change would harm the economy, has promised a “clean energy revolution that creates millions of unionized middle-class jobs” if he’s elected.…
ExxonMobil Chairman and CEO Darren Woods warned that job cuts are coming for employees in the U.S. and Canada as part of an ongoing plan announced earlier this year to “redesign work processes and improve cost competitiveness.”
While …
Houston Chronicle
Between 50 and 110 working on the Deepwater Asgard, an ultra-deepwater drillship operating in the Gulf of Mexico, will be laid off after its contract ends. Layoffs are expected to begin on Dec. 15, and affected workers will …
Bloomberg
Oil & Gas 360 Publishers Note: With Exxon and the other major oil companies migrating away from oil and gas production, more layoffs will be coming. New jobs in the renewable markets will not be able to fill all …
off-shore energy
Oil firms and labour officials in Norway will meet on Friday with a state-appointed mediator to try to end a strike threatening to cut output from the country by some 25 per cent.
Six Norwegian offshore fields …
The company took a $1 billion charge to earnings earlier this year to cover severance pay for employees affected by the restructuring. Workers not chosen for new assignments would lose their jobs
HOUSTON/NEW YORK: Chevron Corp employees worldwide are …
energy-pedia
Equinor reports that, if the ongoing strike on the Norwegian continental shelf continues until 14 October, the Johan Sverdrup field in the North Sea will have to close production until further notice.
The union Lederne has taken out 43 …
Federal Reserve Chairman Jerome Powell called Tuesday for continued aggressive fiscal and monetary stimulus for an economic recovery that he said still has “a long way to go.”
Noting progress made in job creation, goods consumption and business …
Stocks sank after President Trump scrapped stimulus talks while blasting House Speaker Nancy Pelosi’s $2.4 trillion ask which is well above the $1.6 trillion Mnuchin was pushing for.
The Dow Jones Industrial Average fell nearly 400 points or 1.3%, …
Norwegian energy giant Equinor has decided to reduce its exploration staff by 30 per cent as the Covid-19 pandemic reduces oil demand.
In a statement sent to Offshore Energy, a spokesperson for Equinor said the planned reduction in positions in …
EnergyVoice
The local unit of the US super major was reported as setting out the move on October 2 by the local press. The number of jobs at risk is thought to be around 1,000.
Unions have warned of potential …
Reuters
The company, which operates a joint venture with Nigeria’s state-owned NNPC, said it needed to make the adjustments to remain competitive
ABUJA: The Nigerian unit of oil major Chevron plans to cut its local workforce by 25% to reduce …
Shell
Royal Dutch Shell has said it plans to cut 7,000 to 9,000 jobs as it responds to challenges including the slump in oil demand amid the Covid-19 pandemic.
The oil giant said the cuts would be implemented by 2022 …
HOUSTON, Sept 29 (Reuters) – Marathon Petroleum Corp MPC.N, the largest U.S. oil refiner, on Tuesday began cutting employees at its U.S. operations as the COVID-19 pandemic further narrowed global demand for motor fuels, people familiar with plant …
U.S. energy giant ExxonMobil is assessing whether to cut jobs worldwide after announcing a voluntary lay-off programme in Australia.
Namely, ExxonMobil said on Wednesday that it started a voluntary redundancy program for its Australian employees.
The company added …
Early retirements are the result of market rules that favor polluting power plants over ca…
…
Two U.S. shale oil producers, Pioneer Natural Resources Co and Parsley Energy Inc, are planning to trim staff in coming days, people familiar with the matter said on Monday, after each posted large second-quarter losses.
The cost cuts are …
