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Woodside to cut 300 jobs

Published by , Senior Editor
LNG Industry,

Woodside has announced that it will cut approximately 300 jobs in 2015 and freeze all salaries, according to local reports.

Reuters said that Woodside released an emailed statement confirming the job losses: "Woodside has completed a business review to address the impact of the downturn in the commodities market. The outcome is that about 300 roles will be made redundant."

Woodside’s CEO, Peter Coleman, has previously suggested that the company would reduce its workforce this year, on the back of falling oil prices.

The West Australian newspaper first reported the latest job losses, citing a memo from Coleman to staff.

Nexen Energy ULC, a wholly-owned subsidiary of CNOOC Ltd, recently announced that it will cut 340 jobs in North America, while Nexen UK has also initiated a consultation process to adjust its staffing levels by approximately 60 employees.

Earlier this month, Woodside announced that it successfully restarted operations at its Pluto LNG plant, after taking precautionary action to temporarily shut-in production at the LNG plant, after a submersible drilling rig under contract to another party drifted near Pluto flowlines.

Edited from various sources by

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