Oil and gas sector ‘could lose 35,000 jobs in next five years’
http://www.bbc.com/news/uk-scotland-scotland-business-30395972
The study - commissioned by industry body Oil and Gas UK, industry skills and safety body Opito and the Department for Business, Innovation and Skills, says jobs could fall from 375,000 to 340,000 by 2019.
It also estimates 12,000 new workers will be needed for the UK sector.
The study is called ‘Fuelling the next generation’.
Oil and Gas UK said the sector has a £35bn supply chain and provides one in every 80 jobs in the UK.
Halliburton Cuts 1,000 Jobs As Oil Prices Tank
http://www.businessinsider.com/afp-halliburton-slashes-1000-jobs-in-eastern-hemisphere-2014-12
Halliburton, the world’s second biggest oil services company, said Thursday it is slashing 1,000 jobs in its eastern hemisphere offices amid tumbling global oil prices.
The layoffs, which are effective immediately, represent 1.25 percent of Halliburton’s 80,000-person workforce.
The layoffs will take place in Europe, Asia, Africa, the Middle East and Australia, but jobs in the Americas will not be affected.
The company said the decision was not an easy one, but necessary amid tumbling oil prices.