The expenses will lead to a 50-percent drop in earnings for the second half of the 2015 fiscal year compared to the first half and stem primarily from redundancy and onerous lease charges, the company reported on Monday.
WorleyParsons said it would be cutting 2,000 jobs due to reduced workload since February resulting from the decline in global oil prices. The fall in demand for oilfield services was particularly strong in North America, the company reported.
According to Bloomberg Business, nearly 50 percent of WorleyParsons’ sales come from North America.
The company said it expects the cuts to save A$75 million- 100 million ($59 million-78.5 million) annually through fiscal year 2016.
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
Azule Energy and Rhino Resources will enter a strategic farm-in agreement for Block 2914A located in Namibia's offshore Orange Basin,… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
This website uses cookies.