• Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Facebook X (Twitter) Instagram
Wednesday, June 18
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram
Oriental News Nigeria
  • Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Oriental News Nigeria
Home»Energy»Oil & Gas»Total Allays Fear Of Job Loss
Oil & Gas

Total Allays Fear Of Job Loss

By orientalnewsngFebruary 8, 2016No Comments1 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Joseph Bakare/Yemisi Izuora
TOTAL BUILDING

Despite the negative effect of crashing oil prices in the global market which is forcing international oil companies to cut production cost and lay offs, the Managing Director of Total Exploration and Production Nigeria Limited, Mr. Nicolas Terraz, has assured the workforce that the company will not downsize its workforce in Nigeria and other locations.

Speaking when he met with the Executive Secretary of the Nigerian Content Development and Monitoring Board, NCDMB, Mr. Denzil Kentebe, in Abuja, Terraz said the company had taken steps to cut costs in view of the fallen oil prices.

Some of these strategies, aimed at avoiding job cuts, according to him, include improving efficiency, eliminating waste, reducing expatriate workforce and accelerating succession plans for Nigerian understudies.

The Managing Director called for an industry effort to reduce the long contracting cycle, which he believes contribute to the escalation of project costs.

Share this:

  • Share
  • Email
  • Tweet
  • Reddit
featured Total Allays Fear Of Job Loss
orientalnewsng

Related Posts

Nigeria’s bold strategy to double oil production

June 17, 2025

PETROAN Seeks Price Control Mechanism On Petrol 

June 17, 2025

Regulatory Oversight Failure Pushing Petrol Price Up In Nigeria- Union

June 17, 2025

Leave A Reply Cancel Reply

The latest
  • Witness Accounts, Obasanjo’s Statement Nails Former Power Minister Over Alleged $6bn Mambila Project Fraud
  • EFCC Arraigns Emefiele For Unlawful Possession of 753 Housing Units
  • Stanbic IBTC Bloom Weekend 2025 Set To Empower Women 
  • Nigeria’s bold strategy to double oil production
  • Federal Inland Revenue Office Extends Working Period To Weekend For June 
  • PETROAN Seeks Price Control Mechanism On Petrol 
  • NEITI Confirms ₦1.024 Trillion Accrual Revenue To TETFUND In 5 Years 
  • Parts Of Lagos To Experience Petroleum Supply Glitch Over Union Protest
  • Regulatory Oversight Failure Pushing Petrol Price Up In Nigeria- Union
  • Shell’s 12 Million Tons LNG Output Target Keys Into NLNG Expansion 
Categories
Quick Links
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Copyright © 2025 Oriental News Nigeria. All right reserved.

Type above and press Enter to search. Press Esc to cancel.