Statoil cost reductions hurt subcontractors

The peak season for platform and rig maintenance in the North Sea is in full swing, but 81 offshore employees working indirectly for Statoil have - in an usual move - received layoff notices.

Photo: Ole Jørgen Bratland - Statoil

Statoil's planned cost reductions are starting to hurt subcontractors in the North Sea.

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