Halliburton to axe 5,000 more jobs

World’s second largest provider of oilfield services, Halliburton, is reportedly reducing its workforce by another 5,000 pressured by the prolonged low oil price environment. 

According to AFP, a global news agency, Halliburton will cut 5,000 jobs to cope with the oil price slump.

The news agency quoted Halliburton’s spokesperson as saying: “Due to ongoing market conditions, Halliburton is further reducing its global workforce by approximately eight percent or about 5,000 positions.”

The dramatic fall in oil prices already led the oilfield services company to lay off 1,000 workers in December 2014, followed by 6,400 in February 2015, and followed by more reductions in Canada in September 2015.

According to Reuters, Halliburton has reduced its global headcount by 25 percent, or almost 22,000 employees, since 2014.

Offshore Energy Today reached out to Halliburton seeking confirmation of these reports, but we are yet to receive the company’s response.

Meanwhile, Halliburton’s acquisition of a rival oilfield services company Baker Hughes has hit a stumbling block as the European Union suspended a deadline for its review of the $35 billion acquisition due to incomplete information provided by the two companies.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply