Jobs

Source: Reuters

Exxon expects $200 mln in charges this year for job cuts

Reuters


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 …

Source: klfy.com

Louisiana oil and gas industry in danger after President Biden cancels 80-million-acre oil lease sale

KLFY


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 …

March 16, 2021 - 11:00 am Closing Bell Story‎, Crude Oil News, Energy News, Jobs, Regulatory
Source: Reuters

Chesapeake Energy cuts 15% of workers as it emerges from bankruptcy

Reuters


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 …

Source: Reuters

Third of oil and gas workers faced pay cut in 2020 due to pandemic, survey shows

Reuters


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 …

January 12, 2021 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, Jobs
Source: Reuters

Biden team close to announcing picks for core climate and energy jobs

Reuters


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 …

December 16, 2020 - 12:30 pm Climate Change, Closing Bell Story‎, CO2 Capture, Crude Oil News, Jobs
Shell Convent, Louisiana, refinery workers get severance package details – sources

Shell Convent, Louisiana, refinery workers get severance package details – sources

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 …

November 28, 2020 - 5:47 am Downstream, Jobs
Norwegian strikes could escalate further

Norwegian strikes could escalate further

argus

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 …

November 27, 2020 - 10:00 am Closing Bell Story‎, International, Jobs, Offshore, Popular 3
Apache Corp prepared to cut costs if oil prices remain low, CEO says

Apache Corp prepared to cut costs if oil prices remain low, CEO says

Reuters


U.S. oil producer Apache Corp APA.O said on Thursday it plans to keep project spending next year flat or slightly lower than this year’s $1 billion spending rate, as the COVID-19 pandemic continues to slash global oil demand.

 …

Shell reassures workers amid concerns about Covid day rate pay

Shell reassures workers amid concerns about Covid day rate pay

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 …

November 2, 2020 - 5:00 am Crude Oil News, International, Jobs, Offshore
Source: Reuters

Analysis: Biden’s clean-energy ‘revolution’ faces challenge to match fossil-fuel jobs, pay

Reuters


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.…

Source: Reuters

ExxonMobil CEO warns of job cuts coming for employees in US, Canada

Fox Business


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 …

October 22, 2020 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Jobs
Transocean Deepwater plans to lay off as many as 110 workers after the Houston offshore driller could not secure a new contract for one of its drillships amid low oil prices.

Transocean Deepwater plans to lay off as many as 110 workers after the Houston offshore driller could not secure a new contract for one of its drillships amid low oil prices.

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 …

Exxon Mobil's campus in The Woodlands.(Gary Coronado / Houston Chronicle)

Exxon Mobil to workers: Job cuts are coming – it’s not going to stop here either

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

Source: Reuters

Exclusive: Only a quarter of BP’s 10,000 job cuts to be voluntary

Reuters


LONDON – BP BP.L is set to make around 7,500 compulsory redundancies after roughly 2,500 staff – or just over one in ten of those eligible – applied for voluntary severance, according to an internal memo seen by Reuters …

Norway’s striking labour union, oil firms to meet with mediator

Norway’s striking labour union, oil firms to meet with mediator

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 …

Chevron workers face demands to reapply for jobs under global restructuring

Chevron workers face demands to reapply for jobs under global restructuring

Energyworld


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 …

October 8, 2020 - 5:51 am Finance, Jobs
The Johan Sverdrup field in the North Sea. (Photo: Arne Reidar Mortensen)

Extended strike could close the Johan Sverdrup field

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 …

October 7, 2020 - 9:14 pm Exploration and Production (E&P), Jobs, Offshore
Source: CNBC

Fed Chair Powell calls for more help from Congress, says there’s a low risk of ‘overdoing it’

CNBC


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 …

October 6, 2020 - 3:00 pm Closing Bell Story‎, Economy, Jobs
Stocks sink as Trump scraps COVID stimulus talks, blasts Pelosi

Stocks sink as Trump scraps COVID stimulus talks, blasts Pelosi

Foxbusiness


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%, …

October 6, 2020 - 2:30 pm Closing Bell Story‎, Economy, Finance, Jobs, Regulatory
Source: Reuters

Equinor to cut exploration staff by 30 per cent

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 …

October 6, 2020 - 1:43 pm International, Jobs
A supply vessel is shown next to the Discoverer Inspiration on Tuesday, March 30, 2010. The derrick is 226 feet high. Chevron is drilling an exploration well into Moccasin Prospect on Transocean's Discoverer Inspiration, an ultra-deepwater drillship, located about 240 nautical miles from Leesville, Louisiana in the U.S. Gulf of Mexico. The vessel has the capability to drill wells in 12,000 feet of water to a total depth of 40,000 feet. ( Melissa Phillip / Chronicle )

Chevron Nigeria has set out plans to cut 25% of its staff in response to oil price weakness.

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 …

Source: Reuters

Chevron Nigeria plans to cut 25% of staff after oil price drop

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 …

October 4, 2020 - 7:33 am International, Jobs
Shell to cut up to 9,000 jobs as oil demand slumps

Shell to cut up to 9,000 jobs as oil demand slumps

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 …

September 30, 2020 - 5:16 am Economy, International, Jobs
Source: Reuters

Top U.S. oil refiner, Marathon Petroleum, begins widespread job cuts -sources

 


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 …

September 29, 2020 - 9:20 pm Crude Oil News, Downstream, Economy, Jobs
image
Image: Kizonga deepwater project, off northern Angola coast. Source: ExxonMobil

ExxonMobil mulls worldwide job cuts after revealing lay-off plan in Australia

Offshore Energy


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 …

Exelon Generation to Retire Illinois’ Byron and Dresden Nuclear Plants In 2021

Exelon Generation to Retire Illinois’ Byron and Dresden Nuclear Plants In 2021

Early retirements are the result of market rules that favor polluting power plants over ca…

August 27, 2020 - 11:38 am Climate Change, Energy News, Jobs, Nuclear, Press Releases, Regulatory
Source: Reuters

U.S. shale producers’ Pioneer Natural, Parsley prepare job cuts

Reuters


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 …

Covid-19 pushes OFS headcount to lowest level in over a decade, revenue per employee set to decline

Covid-19 pushes OFS headcount to lowest level in over a decade, revenue per employee set to decline

Oil & Gas


Rystad Energy says revenue per employee is not likely to crash as hard as it did in the previous crisis

The oil market turmoil brought on by Covid-19 has led to lower-than-anticipated activity and delayed projects, forcing …

Setbacks in Solar Energy from Covid-19

Setbacks in Solar Energy from Covid-19

RarePetro

Abstract
The extraordinary growth in solar energy has been stopped in its tracks as a result of the global pandemic. Many new projects that would have made 2020 the largest growth year for the sector to date have been

Source: Keystone-XL

Keystone XL Announces Project Labor Agreement with Four U.S. Unions

HOUSTON, Aug. 05, 2020 (GLOBE NEWSWIRE) — Media Advisory – TC Energy Corporation (T…

August 5, 2020 - 7:55 am Jobs, Press Releases