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Category Archives: Career outlook

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GE Oil & Gas: Industry Must Take Lessons from Uber to Attract New Talent

February 3, 2016

The oil and gas industry will need to take lessons from companies like Uber if it wants to attract a new generation of talent, according to GE executives at the 17th GE Oil & Gas Annual Meeting in Florence, Italy. Rigzone, which is attending the conference, heard GE Oil & Gas Chief Information Officer Anup… Continue Reading »

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Three-Fifths of Workforce Would Recommend an O&G Career despite Slump

February 2, 2016

A survey from recruitment consulting firm Petroplan suggests that in spite of the prolonged downturn, more than 60 percent of oil and gas professionals would recommend a career in the sector to others. The ‘Talent Insight Index’ survey, conducted in November among more than 1,500 professionals engaged in a wide variety of oil and gas… Continue Reading »

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Schlumberger Sees Red Ink and Axes 10,000 More Jobs

January 25, 2016

Oilfield services major, Schlumberger, has further reduced its overall workforce by some 10,000 employees, and booked a quarterly net loss in the three months ended December 31. This brings the number of layoffs up to 30,000 together with previously announced job cuts this year. The Houston-based company posted net loss of $1.02 billion, or $0.81 per share,… Continue Reading »

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Report: Oil, Gas Salaries Decline; Employees Will Accept Pay Cuts

January 22, 2016

Oil and gas salaries globally have declined and employees are willing to consider salary cuts if it means keeping their jobs. Findings from the “2016 Oil & Gas Global Salary Guide” by recruiting group Hays plc revealed that salaries decreased by 1.4 percent due to workforce redundancies and reductions while 51 percent of employees would… Continue Reading »

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Merger Will See 10,000 Jobs Cut at Shell, BG

January 21, 2016

Royal Dutch Shell plc’s proposed takeover of BG Group plc will be completed “in a matter of weeks”, according to Shell CEO Ben van Beurden, resulting in the reduction of a total of 10,000 workers across both companies. In a trading update on the company’s website, the Shell CEO stated that the completion of the… Continue Reading »

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Oil, Gas Salaries Fall As Price Slump Forces Cost Cuts

January 19, 2016

Oil and gas workers saw their salaries fall 1.4 percent over the past year after a sharp decline in oil prices forced their employers to trim costs, but their average global salaries remain high at more than $80,000 a year. Oil and gas companies are facing a steep decline in revenues because oil prices have… Continue Reading »

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Aker Solutions to Cut Up to 900 MMO Jobs

January 18, 2016

Aker Solutions today notified employees in its maintenance, modifications and operations (MMO) unit across Norway of necessary steps to reposition the business and enhance competitiveness in a market with unprecedented challenges. The company is streamlining the Norwegian MMO business to one regional unit from previously four, affecting management and staff from Tromsø to Stavanger. Depending… Continue Reading »

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BP to Cut 600 North Sea Jobs by 2017

January 13, 2016

BP plc has stated that it will axe around 600 jobs from its North Sea operations by the end of 2017, with the majority of cuts taking place this year. In a statement sent to Rigzone Tuesday morning, BP cited the challenges of operating in this maturing region and the toughening market conditions as reasons for the… Continue Reading »

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US Sheds 8,000 Mining Jobs in December

January 11, 2016

Despite the United States adding 292,000 jobs in December, jobs in mining continued to decline – this month by 8,000. The majority of those job losses (5,500) were in support activities for mining, according to the jobs report released Friday by the U.S. Bureau of Labor Statistics. The oil and gas industry struggled tremendously in… Continue Reading »

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