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Workforce

NEWS 09/03/2025

ConocoPhillips Plans to Cut Up to 25% of Its Workforce

ConocoPhillips will cut 20–25% of its global workforce, or up to 3,250 jobs, as part of a major restructuring, the company confirmed. Shares fell 4% after CEO Ryan Lance detailed the plan, citing rising costs and pressure from lower oil prices. Most cuts will be completed before year-end.

ARTICLE 05/01/2025

Census Shows Challenges Face British Oil, Gas Sector

A new workforce census from the Engineering Construction Industry Training Board reveals that the UK oil and gas sector faces mounting workforce challenges due to an aging labor pool, low recruitment of women and young people, and difficulty filling site-based roles.