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Schlumberger to fire 9,000 people as oil services demand slumps

2015-01-17 16:17:18| Oil & Gas - Topix.net

Schlumberger Ltd., the world's No.1 oilfield services provider, said it will cut 9,000 jobs, or about seven per cent of its workforce, as it focuses on controlling costs amid plummeting oil prices. The company said it took charges amounting to $1.77 billion in the fourth quarter including impairment charges related to its seismic business, Venezuela currency devaluation and job cuts.

Tags: services people fire oil

Oilfield services giant Schlumberger Ltd. cutting 9,000 jobs

2015-01-16 18:15:34| Energy - Topix.net

It's been called a lovely dream. It's also been called the stupidest idea in years.

Tags: services jobs cutting giant

Schlumberger to slash 9,000 jobs as oil prices plunge

2015-01-16 18:12:27| Oil & Gas - Topix.net

Schlumberger Ltd., the world's biggest oilfield-services company, tackled the "uncertain environment" of plummeting crude prices head-on by cutting 9,000 jobs and lowering costs at a vessels unit. The 7.1 percent workforce cutback, along with the reduction and reassessment of its WesternGeco fleet, were among steps leading to a $1.77 billion fourth-quarter charge in anticipation of lower spending by customers in 2015, the Houston- and Paris- based company said in an earnings report Thursday.

Tags: jobs prices oil slash

Schlumberger to cut 9,000 jobs as oil craters

2015-01-16 17:10:55| Energy - Topix.net

Oilfield services giant Schlumberger plans to cut 9,000 jobs as the global collapse in crude oil prices crimps production. The cuts - about 7.5% of the company's 120,000 workers, were announced Thursday "to Crude oil's collapse will cost 9,000 jobs at Schlumberger Oilfield services giant Schlumberger plans to cut 9,000 jobs as the global collapse in crude oil prices crimps production.

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