Schlumberger axes 9,000 jobs

Schlumberger, the world’s largest oilfield services provider, has announced that the company will cut 9,000 jobs. 

Schlumberger says that, in response to lower commodity pricing and anticipated lower exploration and production spending in 2015, the company decided to reduce its overall headcount in order to “better align with anticipated activity levels for 2015”.

Schlumberger recorded a $296 million charge associated with a headcount reduction of approximately 9,000.

Offshore Energy Today reported in December 2014 that Schlumberger reduced its overall headcount and its WesternGeco marine seismic fleet to lower its operating costs; but, yet at the time the company did not say how many jobs this decision will affect.

Schlumberger CEO, Paal Kibsgaard, commented: “In this uncertain environment, we continue to focus on what we can control. We have already taken a number of actions to restructure and resize our organization that has led us to record a number of charges in the fourth quarter.

Kibsgaard also said: “We are convinced that performance must now be driven by an accelerated change in the way we work through our transformation program.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply