Oslo: Subsea specialist Oceaneering is cutting more staff in Norway. The firm’s head of Norwegian operations, Erik Sæstad, told Sysla.no that 100 more employees will be made redundant. In total, 350 employees have already left the company. The employees affected work offshore with remotely operated vehicles (ROVs).
Kevin McEvoy, the company’s ceo, stated in the firm’s first quarter release: “2015 will be a very challenging year, our oilfield business outlook for the remaining quarters of this year has weakened for ROV, subsea projects, and asset integrity. We are challenged with materially lower demand, customers demanding price concessions, and competitors willing to dramatically reduce prices to secure utilisation for their assets.”
