Dark day for Norwegian offshore as hundreds are laid off

The hard-pressed employees in the Norwegian oil sector today, Monday, witnessed one of the so far most extensive rounds of layoffs yet. This time, the cuts are attributed to the drought in orders.
Photo: COSL
Photo: COSL
BY SØREN SPRINGBORG, ENERGIWATCH

Things are going from bad to worse for the Norwegian oil industry. Since August last year, when the price started to plummet for real, far more than 24,000 people have been laid off in the sector. And today Norway was hit by one of the biggest round of layoffs so far. US-based oil company National Oilwell Varco announced much bigger cuts than initially reported.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading