Tag: Schlumberger

Halliburton cut 9,000 jobs in 6 months, maybe more to come

Halliburton cut 9,000 jobs in 6 months, maybe more to come

Halliburton posts loss of $643M in first quarter Halliburton Co. has cut 9,000 jobs, more than 10 per cent of its workforce, in about six months and is considering more cost-cutting moves as falling oil prices sap demand for its drilling help. Halliburton executives disclosed the job cuts Monday on a conference call with investors. The […]

Schlumberger lays off 11,000 employees, cites North American downturn

Schlumberger lays off 11,000 employees, cites North American downturn

Schlumberger CEO says global economy recovering, oil demand up by 1 million bbl/d in 2015 The world’s biggest oil and gas service company is laying off 11,000 workers, which is on top of the 9,000 jobs cut in January. Schlumberger will have 15 per cent fewer employees compared to the third quarter. Energy producers are expected to slash $114 billion in […]