December 30, 2015

Retrenchment by Oil & Gas Companies (as of Nov 2015)



Retrenchment by Oil & Gas Companies (As of November 2015)

Job cut by International Oil and Gas Companies

1)FMC - 2000
2)Halliburton - 6000
3)Baker Hughes - 7000
4)MH Wirth -750
5)Weatherford - 8000
6)BP - 300
7)Chevron - 160
8)Schlumberger - 9000
9)Technip - 6000
10)Statoil - 1500
11)Aker Solution - 200
12)Talisman - 300
13)Apache - 250
14)SBM - 1200
15)Subsea 7 - 2500
16) Royal Dutch Shell - 7000
17)National Oilwell Varco - 2400

Job Cut by local (Malaysia) Oil and Gas Companies

1)SBM Malaysia - 200 (updated)
2)TH Heavy Engineering - VSS (let go 1/3 of workforce)
3)Petrofac-RNZ - 100
4)Petronas Carigali - Salary Cut (contract Staff)
5)MMHE - 2000 (updated)
6)Bumi Armada - 155
7)Shell Malaysia - 1300 in 2 years
8)Exxonmobil Malaysia - 320
9)Technip Malaysia - 600
10)Ranhill WorleyParson - 120
11)Murphy Oil - 80

On top of this, below companies also made cut

12)Aker Solution - 200 (updated) 
13)Petrofac PML - 90

It is estimated that at least 2000 people are out of jobs now from Malaysia Oil & Gas industry.

Feel free to share any additional info and data regarding the retrenchment in oil & gas industry.

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