BP Plc notified officials in Chicago and the state of Illinois of possible layoffs affecting more than 250 salaried employees at the company’s offices, BP said in a statement on Nov. 16.
BP is also reviewing the organizational structure at its Whiting, Indiana oil refinery 28 miles (45 km) southeast of Chicago.
BP’s U.S. Pipelines and Logistics office is located in Chicago and the company has a technology campus in the nearby suburb of Naperville, Illinois.
In June, BP CEO Bernard Looney said the company would cut up to 10,000 jobs, or 15% of its 70,000-person workforce, worldwide.
In October, Reuters reported only 2,500 people had taken voluntary severance packages offered by BP and 7,500 people worldwide would have to be laid off.
The drop, according to Norway-headquartered Rystad Energy, could result in oil reserves running out within 15 years if large commercial discoveries are not made quickly.
OTC selected 14 technologies from 13 companies around the world for this year’s Spotlight on New Technology® Award, including Schlumberger, Halliburton, TechnipFMC and more.
The Liuhua 29-2 field is expected to reach peak production of about 41 million cubic feet of natural gas per day in 2021.