Oceaneering cuts 100 more staff

Oceaneering cuts 100 more staff

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.”

 

 

 

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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