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DRILLING / Drilling Featured News

Another oil firm slashes 1,500 jobs

It’s been a bad week so far in the Norwegian oil industry, with at least 3,000 more jobs disappearing as low oil prices force major cutbacks in offshore operations. National Oilwell Varco (NOV) was the latest to inform employees Wednesday morning that 1,500 of them will have to leave the company during the course of the year.

drillship, oil industry

Drillships like this seem to be sailing into the sunset in more ways than one. Sharply reduced investment in the oil industry has cut demand for drilling products and services offered by companies like National Oilwell Varco, which announced major layoffs in Norway on Wednesday. PHOTO: NOV

“It was a tough message to get and it became very quiet, that’s understandable,” NOV chief executive Tor Henning Ramfjord told Norwegian Broadcasting (NRK) after announcing the looming layoffs at company meetings that employees had been called into.

No decisions have been made yet, he said, as to exactly who will be laid off at NOV’s offices in Molde, Oslo, Stavanger and Kristiansand. Around 3,000 of NOV’s roughly 5,000 employees work in Kristiansand, though, “so it’s clear that Kristiansand will be hit hard,” Ramfjord said.

He blamed “major changes in the market situation” for NOV’s decision to lay off 900 full-time employees in Norway and most all of the company’s 600 temporary workers who had been hired in for various projects. NOV, headquartered in Houston, Texas, delivers drilling solutions to oil companies, providing rig systems and technology along with a pumps and a wide variety of equipment. Sales have plummeted and orders have dried up, though, as the slowdown in oil exploration and reduced industry investment has greatly reduced demand for NOV’s products and services.

Dag Nordbø, communications chief for NOV, told NRK that after the shock subsided, employees posed “many relevant questions. They wondered when people would have to leave and what criteria was being used during the layoff process, regarding the relation between competence and capacity.”

Not all questions could be answered, but company officials said all four NOV operations in Norway will be affected. “Management understands that staff cuts like this create unease and uncertainty, and that many of our employees can land in a bad situation,” Nordbø said. “We will carry out a clear and thorough process and take care of our obligations to our employees, so that we can try to be a good employer also in this downturn.”

The market uncertainty may mean that more layoffs will be necessary in the longer term. The job losses at NOV follow confirmation this week that Statoil will be laying off up to 1,500 full-time workers plus many hired in on a temporary basis.

The Original Posted by Nina Berglund /newsinenglish.no

 

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22 Comments

  1. I Will Work in this company as position roustabout or deckhand

    Reply
    • Good day,Sir,I want to work as a roustabout in your company . I hope for your kind comsideration.

      thank you sir.

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      • Hi good day
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  2. I want to apply in your company as a roustabout or any position i am applicable with.

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  3. I’m available imediatly for roustabout I have offshore experience I would like to work for your company.

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  12. I have more than 10 years experience working at Oil&Gas field,worked with multicaltuer crew for 8 years .started as an employee at GlobalSantaFe on Offshore Driling deepwater Overseas Rigs in Qatar until I got Derrickman job.after that I worked a safety engineer for 3 years with Transocean ,and as a presenter traning programs and a Translator with Maersk ,I have Diploma in Inventory Managment and Also a Bachelor degree from Egypt University, Diploma in Risk Managment from Maersk, Also Certificates in Drilling Operations, and HR MANAGMENT from Malisya,Spain,Qatar,and Egypt.I Have very god Computer Skill.Studied at Alexandria Academy For one year.
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  15. Sir,

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  17. Dear Sir,
    APPLICATION FOR THE POST OF ASSISTANT DRILLER TECHNICIAN.

    Sir I humbly apply for the above mentioned position in your reputable organization, my application is based on the advert on your website.
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  18. Good day Sir, am Ebenezer Tope Bayere, an ND holder of chemical engineering, kaduna polytechnic. I worked as an operators at krpc ( kaduna refining n petrochemical company) for 2yrs, I wld love 2 work wit your company n if am employed I promise 2 sever the company with all my strength in any positive way n also I can work under pressure sir. I will b gal hearing 4rm u sir. Thank you.

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  19. Sir, if there is any vacancy position of a Roustabout or Floor hand am interested, I have worked with Transoceanic Sedeco Forex for two and half years. Please sir this my contact 07033014894

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  20. A position in Bulk Storage, Oil Movement, Pump Room operation as Gantry Operation In charge in a reputable organization
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