Oil Industry – Schlumberger Lays Off 21,000 Employees Amid Challenging Environment

Written by Roberta Souza

Published on 29/07/2020 at 11:47

Reprodução. Fonte: Schlumberger

Be the first to react!

In a Report Released by the Oil and Gas Service Provider, About One-Fifth of the Company’s Employees Were Laid Off

During the pandemic, the oil and gas industry suffered from the crisis, and Schlumberger experienced huge losses. After the so-called accident, the company was forced to lay off approximately 21,000 employees, after experiencing what it called the “most challenging quarter in decades.”

See Other News:

In a report released in recent days, Schlumberger stated that it will pay more than US$ 1 billion in compensation to thousands of employees affected by this decision. The number of laid-off employees is approximately one-fifth of the company’s total workforce.

The company’s CEO, Olivier Le Peuch, said, “This was likely the most challenging quarter in decades.” Looking at the macro view in the short term, oil demand is slowly beginning to normalize and should improve as government measures support consumption. However, subsequent waves of a potential resurgence of COVID-19 represent a negative risk to this outlook.

ARTICLE CONTINUES BELOW

Oil Industry – Schlumberger Lays Off 21,000 Employees Amid Challenging Environment

In a Report Released by the Oil and Gas Service Provider, About One-Fifth of the Company’s Employees Were Laid Off

See Other News:

Mayor orders wireless network turned off in municipal schools due to fear of electromagnetic radiation in children, replaces connection with Ethernet cables, and transforms small Italian city into a symbol of technological panic.

Goodbye traditional washing machine: Xiaomi surprises and launches an ultra-slim version with 27 programs, 3D water flow, steam sterilization, app control, enlarged drum, and a silent system with double suspension

An entire country within the mountains is selling water to Africa’s largest economy: Lesotho builds dams, tunnels, and bridges at an altitude of 2,000 meters to send more than 1.27 billion m³ per year to Johannesburg

Toyota ends the Diesel era: new Hilux with up to 380 km of urban range brings 196 hp, 59.2 kWh battery, 4×4 traction and 715 kg of load capacity

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

Magalu has a clearance sale on JBL Boombox 4 with 210W of power, 34-hour battery, and 3-way system.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

The 2012 solar storm recorded by the STEREO-A satellite crossed Earth’s orbit at over 3,000 km per second, but the planet was a week behind, escaping global technological collapse with estimated damages of US$ 2.6 trillion.

Filled biscuits, instant noodles, snack foods, and ready meals enter science’s radar: Brazilian study links ultra-processed foods to 28% faster cognitive decline in middle-aged adults

Germany remained almost invisible on Google Street View for more than a decade after a historic backlash against camera cars, thousands of blurred houses, and a strong debate about digital privacy.

After 95,000 eruptions analyzed over 50 years, scientists foresee an S-class solar flare, up to 10 times stronger than an X-class flare, with the potential to push Earth into an extreme geomagnetic storm.

Oil Industry – Schlumberger Lays Off 21,000 Employees Amid Challenging Environment

In a Report Released by the Oil and Gas Service Provider, About One-Fifth of the Company’s Employees Were Laid Off

See Other News:

Mayor orders wireless network turned off in municipal schools due to fear of electromagnetic radiation in children, replaces connection with Ethernet cables, and transforms small Italian city into a symbol of technological panic.

Goodbye traditional washing machine: Xiaomi surprises and launches an ultra-slim version with 27 programs, 3D water flow, steam sterilization, app control, enlarged drum, and a silent system with double suspension

An entire country within the mountains is selling water to Africa’s largest economy: Lesotho builds dams, tunnels, and bridges at an altitude of 2,000 meters to send more than 1.27 billion m³ per year to Johannesburg

Toyota ends the Diesel era: new Hilux with up to 380 km of urban range brings 196 hp, 59.2 kWh battery, 4×4 traction and 715 kg of load capacity

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

Magalu has a clearance sale on JBL Boombox 4 with 210W of power, 34-hour battery, and 3-way system.

Oil sees sharp drop after rumors of a deal between the United States and Iran raise hopes for an end to the war in the Middle East.

Brazil’s oil production soars and hits an all-time high for the second consecutive month, driven by the pre-salt and the advancement of energy sector giants.

Oil price falls even with Trump’s threats to Iran and rising geopolitical tensions in the Middle East impacting global market expectations.

China discovers more than 200 new oil and gas fields in the last five years

Petrobrás indicates a strong first quarter in 2026 with high production, robust cash generation, and an expectation of up to $2.4 billion in dividends for shareholders.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

The 2012 solar storm recorded by the STEREO-A satellite crossed Earth’s orbit at over 3,000 km per second, but the planet was a week behind, escaping global technological collapse with estimated damages of US$ 2.6 trillion.

Filled biscuits, instant noodles, snack foods, and ready meals enter science’s radar: Brazilian study links ultra-processed foods to 28% faster cognitive decline in middle-aged adults

Germany remained almost invisible on Google Street View for more than a decade after a historic backlash against camera cars, thousands of blurred houses, and a strong debate about digital privacy.

After 95,000 eruptions analyzed over 50 years, scientists foresee an S-class solar flare, up to 10 times stronger than an X-class flare, with the potential to push Earth into an extreme geomagnetic storm.