Nearly 400 oil and gas workers operating in the North Sea for Wood Group are expected to initiate a 24-hour strike action next week.
Keppel Offshore & Marine (Keppel O&M) announced 3,080 job cuts in its third quarter results as a consequence of “very challenging” market conditions and a reduction in workload.
The Norwegian Oil and Gas Association and the Industri Energi union have finally reached an oil service agreement, ending a three-week strike involving more than 300 Norwegian oil service workers.
Houston-based OneSubsea is reportedly planning to cut 600 jobs out of its workforce of 900 by the end of 2017, with UK job losses expected to be high.
According to the Norwegian Oil and Gas Association, approximately 350 oil jobs have been lost in Norway following the oil service strike that started a week ago.
Petrofac has been awarded a contract by Statoil UK to provide the Norwegian company with Training and Emergency Response Services to North Sea projects.
Since the start of the week, various oil and gas companies have already announced significant job cuts across the industry, affecting different parts of the globe.