Factbox: U.S. energy companies slash jobs as oil prices weaken
04/08/2015 12:29
(Adds Superior Energy Services, ConocoPhillips)
Aug 4 (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 at about $50 levels, a 57 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.
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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.
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Oil producers have also cut thousands of jobs.
Royal Dutch Shell RDSa.L said in July it would cut 6,500 jobs this year, or about
7 percent of its global workforce. Chevron Corp CVX.N , the second-largest U.S. oil
company, said it would lay off 1,500 employees, or about 2 percent of its global
workforce.
Company Job cuts no./percentage Total no. of Date of
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 pct of About 64,700 July 28, 2015
global workforce employees, as of Dec.
31
Helmerich & Payne Inc 2,000 jobs 11,914, as of Sept. Jan. 29, 2015
HP.N 30
Weatherford 11,000 jobs in 2015 About 56,000, as of July 23, 2015
International Plc Dec. 31
WFT.N
Royal Dutch Shell 6,500 jobs in 2015 About 94,000 as of July 30, 2015
RDSa.L Dec. 31
Superior Energy 3,400 positions, or 24 About 14,300 workers July 30, 2015
Services Inc SPN.N pct, this year as of Dec. 31
Civeo Corp CVEO.N 45 pct in U.S., 30 pct 3,000 full-time Dec. 29, 2014
in Canada, from 2014 employees, as of Dec.
levels 31
ConocoPhillips COP.N Has cut 1,000, or 5 pct About 19,100, as of July 30, 2015
of total workforce, Dec. 31
looking at more cuts
Hercules Offshore Inc About 40 pct of global About 1,800, as of April 29, 2015
HERO.O workforce Dec. 31
MRC Global Inc MRC.N 500, or 10 pct, since About 4,947, as of Feb. 20, 2015
March 2014 Dec. 31
Expects headcount of
about 4,700 by April
Basic Energy Services 20 pct lower than peak About 5,700, as of April 23, 2015
Inc BAS.N of Q4 2014 Dec. 31
General Electric Co 575 in Texas oil and About 44,000 March 25, 2015
GE.N gas division employees (GE Oil &
gas), as of Dec. 31
Parker Drilling Co 8 pct. Expects 10 pct 3,443, as of Dec. 31 Feb. 19, 2015
PKD.N reduction by mid-year
Noble Energy Inc 220 U.S. employees About 2,200 U.S. April 07, 2015
NBL.N employees
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 City 990, as of Jan. 1, Feb. 24, 2015
RRC.N office, impacting 100 2015
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 in About 143, as of Dec. Feb. 05, 2015
PSTR.O Oklahoma headquarters 31; 56 in Oklahoma
headquarters
Ensco Plc ESV.N About 50 pct onshore About 8,500 workers Feb. 26, 2015
personnel as of Feb. 23, 2015
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 of About 29,000, as of April 21, 2015
NBR.N global workforce Dec. 31
(Bengaluru Newsroom; Editing by Sriraj Kalluvila and Don Sebastian)
((swetha.gopinath@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80
6749 1130; Reuters Messaging: swetha.gopinath.thomsonreuters.com@reuters.net))
Keywords: OIL PRICE/REDUNDANCIES USA