French oil giant makes huge cuts in Norway

The French oil giant Total is dismissing up to 140 employees in Norway. The company's Norwegian activities will also be reduced by up to 25 percent.

Photo: Harald Pettersen - Statoil

Although the oil crisis has been declared over by many and the oil price over the past half year has stabilized to approximately USD 50 per barrel, it is not all celebration among oil companies.

The oil industry's "new normal" in terms of long-term oil prices is far from the highs of yesteryear, and this has now pushed French oil giant Total to drastically reduce its staff in Norway. 115 to 140 of Total's 400 Norwegian employees will be fired, writes industry media Sysla.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Siemens Gamesa's deep financial woes are halfway self-inflicted

Despite successfully forwarding the external costs to customers, onshore wind projects valued at EUR 2bn are being delivered at zero-profit margins in the years to come, according to the turbine maker’s CEO. Here and there, things might have moved a bit too fast.

Further reading

Related articles

Latest News

See all jobs