A Review of the Nigerian Energy Industry

‘Job cuts’ at Halliburton

10 June 2015, News Wires – US oilfield services giant Halliburton is reportedly set to lay off 36 of its Norwegian staff in the latest round of contractor redundancies due to an oil market downturn.


Among those being shown the door are 23 offshore workers, including rig hands, with the remaining staff employed at onshore facilities in Tananger, near Stavanger, a labour representative was quoted as saying by local publication Stavanger Aftenblad.

The Industri Energi union is though hoping to curb the tally of redundancies through talks with the company on staff relocation, he added.

Halliburton has so far already dismissed 40 to 50 employees and has warned of further job cuts in the wake of its pending $34.6 billion takeover of rival Baker Hughes, due to be completed later this year.

The contractor is among those that have been hit by an orders drought as oil companies such as major client Statoil have cut expenditure in areas including drilling, and maintenance, modification and operations amid low oil prices.

– Upstream

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