Aibel Confirms Staff Reductions in 2016

Norway-based oilfield services company Aibel AS confirmed Tuesday that it will be laying off approximately 500 employees from April this year.

In a statement to Rigzone, an Aibel spokesperson said:

“Aibel will reduce our workforce with approx[imately] 500 employees…The process will start in April”.

The spokesperson revealed that the reason for the latest cutbacks is due to “the falling market”. In 2014, Aibel announced that it would lay off over 1,000 workers over the course of the year.

Aibel’s new staff cuts follow the award of several contracts to the company. On Feb. 9, Aibel revealed that it would be working on a C study for the second phase of the Johan Sverdrup development, after winning a contract for the implementation of the Oseberg Vestflanken 2 Brownfield Topside project from Statoil on Feb. 3.

At the end of last year, Statoil also awarded Aibel a new M&M contract worth approximately NOK 7.5 billion, and in October 2015 Centrica Energy Norway awarded Aibel a frame agreement for field development projects on the Norwegian Continental Shelf.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
john weaver | Apr. 5, 2016
Socialist countries are feeling the pinch of low oil prices


Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Andreas Exarheas
Assistant European Editor | Rigzone
 -  Oil, Gas Industry Facing Skills Gap (Aug 11)
 -  Scottish Labour Says Oil, Gas Must Be ... (Jul 7)
 -  Top 10 Highest Paying Oil Jobs for Gra... (Jul 7)
 -  OCA Invites Unions for Fresh Talks (Jul 6)
 -  Total, NIOC Sign South Pars Developmen... (Jul 4)


Most Popular Articles

From the Career Center
Jobs that may interest you
Facilities Engineering Manager
Expertise: Engineering Manager|Facilities Engineer|Refinery / Plant Operations Supervisor
Location: Lake Charles, LA
 
US, Houston, TX: Principal Administrative Specialist
Expertise: Secretarial or Administrative
Location: Houston, TX
 
Regional NACE Cathodic Protection Engineering Manager - oil and gas
Expertise: Engineering Manager
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $52.72/BBL 3.31%
Light Crude Oil : $48.51/BBL 3.01%
Natural Gas : $2.89/MMBtu 1.36%
Updated in last 24 hours