Factbox: U.S. energy companies slash jobs as oil prices weaken
30/07/2015 15:43
(Adds Royal Dutch Shell)
July 30 (Reuters) - Job cuts at oilfield service providers Halliburton Co
HAL.N and Baker Hughes Inc BHI.N have turned out to be steeper than expected
as crude prices hold below $50 levels, a 40 percent drop from June last year.
Halliburton Co HAL.N , which is buying Baker Hughes in a $35 billion deal,
is slashing 14,000 jobs. Baker Hughes plans to cut about 13,000 jobs worldwide.
Halliburton said in April it would cut 9,000 jobs, while Baker Hughes said it
planned to reduce 10,500 jobs.
Demand for oilfield services has been hit as oil producers have trimmed their
budgets and lowered the number of rigs they planned to deploy this year.
Schlumberger, the world's No.1 oilfield services provider, said earlier in
July that the company expects little improvement in pricing levels in the near
future. ID:nL4N0ZX4AO
Houston-based Schlumberger said in April that it would cut 11,000 jobs,
bringing the total job cuts announced this year to 20,000, or about 15 percent of
its workforce. ID:nL4N0XE4FC
Oil producers have also cut thousands of jobs.
Royal Dutch Shell RDSa.L said on July 30 it would cut 6,500 jobs this year,
or about 7 percent of its global workforce. ID:nL5N10A1AS
Chevron Corp CVX.N , the second-largest U.S. oil company, said on July 28 it
would lay off 1,500 employees, or about 2 percent of its global workforce.
Company Job cuts Total no. of Date of
no./percentage employees announcement of
job cuts
Schlumberger Ltd 20,000 jobs About 120,000, as of April 16, 2015
SLB.N Dec. 31
Baker Hughes Inc 13,000 jobs About 62,000, as of June 24, 2015
BHI.N Dec. 31
Halliburton Co HAL.N About 14,000 More than 70,000, as July 24, 2015
of June 30, 2015
Chevron Corp CVX.N 1,500 jobs, 2 About 64,700 July 28, 2015
pct of global employees, as of Dec.
workforce 31
Helmerich & Payne Inc 2,000 jobs 11,914, as of Sept. Jan. 29, 2015
HP.N 30
Weatherford 11,000 jobs in About 56,000, as of July 23, 2015
International Plc 2015 Dec. 31
WFT.N
Royal Dutch Shell 6,500 jobs in About 94,000 as of July 30, 2015
RDSa.L 2015 Dec. 31
Civeo Corp CVEO.N 45 pct in U.S., 3,000 full-time Dec. 29, 2014
30 pct in employees, as of Dec.
Canada, from 31
2014 levels
Hercules Offshore Inc About 40 pct of About 1,800, as of April 29, 2015
HERO.O global workforce Dec. 31
MRC Global Inc MRC.N 500, or 10 pct, About 4,947, as of Feb. 20, 2015
since March 2014 Dec. 31
Expects headcount of
about 4,700 by April
Basic Energy Services 20 pct lower About 5,700, as of April 23, 2015
Inc BAS.N than peak of Q4 Dec. 31
2014
General Electric Co 575 in Texas oil About 44,000 March 25, 2015
GE.N and gas division employees (GE Oil &
gas), as of Dec. 31
Parker Drilling Co 8 pct. Expects 3,443, as of Dec. 31 Feb. 19, 2015
PKD.N 10 pct reduction
by mid-year
Noble Energy Inc 220 U.S. About 2,200 U.S. April 07, 2015
NBL.N employees employees
ConocoPhillips COP.N 7 pct, or about About 19,100, as of March 18, 2015
200 jobs, in Dec. 31
Canada
Enable Midstream About 10 pct About 2,000 employees Feb. 16, 2015
Partners LP ENBL.N and contractors, as
of Dec. 31
Range Resources Corp Closes Oklahoma 990, as of Jan. 1, Feb. 24, 2015
RRC.N City office, 2015
impacting 100
employees
DCP Midstream Partners About 20 pct of About 650, as of Dec. Jan. 30, 2015
LP DPM.N corporate staff 31
Ion Geophysical Corp About 10 pct 879, as of Dec. 31 Feb. 11, 2015
IO.N
EXCO Resources Inc 15 pct 558, as of Dec. 31 Feb. 24, 2015
XCO.N
Laredo Petroleum Inc 75 jobs About 420, as of Dec. Jan. 20, 2015
LPI.N 31
PostRock Energy Corp 25 pct of staff About 143, as of Dec. Feb. 05, 2015
PSTR.O in Oklahoma 31; 56 in Oklahoma
headquarters headquarters
Ensco Plc ESV.N About 50 pct About 8,500 workers Feb. 26, 2015
onshore as of Feb. 23, 2015
personnel
WPX Energy Inc WPX.N About 8 pct About 1,100 full-time March 2, 2015
employees as of Dec.
21
Nabors Industries Ltd More than 18 pct About 29,000, as of April 21, 2015
NBR.N of global Dec. 31
workforce
(Bengaluru Newsroom; Editing by Sriraj Kalluvila and Don Sebastian)
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Keywords: OIL PRICE/REDUNDANCIES USA