Oceaneering, an international provider of subsea services to the international oil and gas market, will reduce its workforce in Norway by 100 positions.

According to Sysla.no, a Norwegian energy news website, which quoted Erik Sæstad, the company’s manager for Norway, ROV staff in Norway will be hit by this new round of cuts.

The affected personnel is expected to leave the company in late summer.

According to Sysla.no, Oceaneering has laid off 350 workers in total since the oil industry started reducing investments due to low oil prices.

Back in April, during the quarterly results presentation, the company said its outlook for the rest of 2015 was 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 utilization for their assets.” M. Kevin McEvoy, Chief Executive Officer said during the first quarter results presentation in late April.

Source: www.offshoreenergytoday.com

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