{"id":2321,"date":"2015-01-16T09:43:16","date_gmt":"2015-01-16T08:43:16","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=2321"},"modified":"2015-05-20T13:40:45","modified_gmt":"2015-05-20T13:40:45","slug":"thousands-of-oil-industry-jobs-at-stake-as-companies-reduce-costs","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/thousands-of-oil-industry-jobs-at-stake-as-companies-reduce-costs\/","title":{"rendered":"Thousands of oil industry jobs at stake as companies reduce costs"},"content":{"rendered":"

[twitter-follow screen_name=’oilnewskenya’]<\/p>\n

Keeping a job in the upstream sector of the global oil and gas industry is seemingly becoming harder by the day as companies streamline operations to reduce costs as they take a beating from the current low oil prices.<\/p>\n

Just this week over 10,000 jobs may be at stake at Halliburton and Schlumberger with a rumored 1,000 jobs said to be on thin ice at Halliburton while\u00a0\u00a0Schlumberger has confirmed that it will cut 9,000 jobs.<\/p>\n

The move by Schlumberger follows the write-down<\/a> of seismic vessels owned by its deepwater fleet at WesternGeco in early December.<\/p>\n

Speaking at the Cowen Energy conference company last December President of operations and integration Patrick Schorn said Schlumberger will be reducing the head count that will cost the company approximately $200 million but result to a more efficient workforce.<\/p>\n

At Halliburton spokesperson Emily Mirsays is quoted by the Houston Business journal saying the adjustments are needed to correlate to current business conditions.<\/p>\n

Other cuts are also expected in the Calgary based company Suncor Energy which plans to lay off 1,000 workers in what the CEO Steve Williams termed as \u2018efforts to reduce both capital and operating costs which were well underway before the decline in oil prices,\u2019 he said.<\/p>\n

Oil giants BP and ConocoPhillips have also said that they will slash 500 jobs in the North Sea. Closer home Tullow Oil has also announced<\/a> a cut in exploration cost in a measure to reduce expenses and which will see the streamlining of operations in a move likely to lead to job cuts.<\/p>\n

[twitter-follow screen_name=’oilnewskenya’]<\/p>\n","protected":false},"excerpt":{"rendered":"

[twitter-follow screen_name=’oilnewskenya’] Keeping a job in the upstream sector of the global oil and gas industry is seemingly becoming harder by the day as companies streamline operations to reduce costs … Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":2322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[346,508,1061,1208,1767,1844,1883,2252,2435,2571,2654,2729],"class_list":["post-2321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-bp","tag-conocophillips","tag-halliburton","tag-jobs-2","tag-north-sea","tag-oil-and-gas-industry","tag-oil-prices","tag-schlumberger","tag-suncor-energy","tag-tullow-oil","tag-upstream-sector","tag-westerngeco","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/01\/oil-jobs.jpg?fit=277%2C182&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-Br","jetpack-related-posts":[{"id":2108,"url":"https:\/\/www.oilnewskenya.com\/index.php\/schlumberger-reduces-seismic-fleet-as-deepwater-exploration-spending-falls\/","url_meta":{"origin":2321,"position":0},"title":"Schlumberger reduces seismic fleet as deepwater exploration spending falls","author":"Samuel Kamau Mbote","date":"December 3, 2014","format":false,"excerpt":"The world's largest oilfield services company Schlumberger has announced it will be reducing its WesternGeco fleet as lower commodity prices lead to short-term cost cutting measures by exploration companies. 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The three-year agreement, signed on 20 December 2017, reflects the intention of the parties to work together on energy projects\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/01\/DMWA-260X260-colored.png?fit=260%2C260&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2148,"url":"https:\/\/www.oilnewskenya.com\/index.php\/dolphin-announces-new-3d-streamer-acquisition-technology-purchase-from-westerngeco\/","url_meta":{"origin":2321,"position":5},"title":"Dolphin announces new 3D streamer acquisition technology purchase from WesternGeco","author":"Samuel Kamau Mbote","date":"December 10, 2014","format":false,"excerpt":"Dolphin has purchased the proven WesternGeco Q-Marine* point-receiver marine seismic system for the Polar Empress following the previous announcement that a selection of next generation streamer technology would be made in 2014. 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