AmericasOffshore

Schlumberger cuts 2,000 more jobs

Multinational oilfield services provider Schlumberger cut another 2,000 jobs in the first quarter of this year, according to Bloomberg.

With the drastic drop in the price of crude oil over the past two years Schlumberger has laid off around 34,000 since the third quarter of 2014.

Last week Schlumberger, which has principal offices in Houston, Paris, London and The Hague, announced it was scaling back its business in Venezuela because of payment problems with that country’s state oil firm Petroleos de Venezuela SA PDVSA.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.
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