Oil & Gas and Marine

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Noreco Cuts Half of Its Employees Workforce To Reduce Costs

(OFFSHORENO) The crisis-ridden oil company Noreco must implement drastic cost cuts, it emerges in a statement Wednesday. The company writes that it wants to limit the financial obligations, particularly the exploration costs. Noreco also writes that [...]

July 3rd, 2015|Categories: News, Oil & Gas|Tags: , |

Bankruptcy and More Layoffs Could Threaten Industry Even After Downturn

(RIGZONE) Just a few short years ago, the oil and gas industry was wringing its collective hands in angst over the profound shortage of workers needed to usher in the shale revolution. New college grads had [...]

July 2nd, 2015|Categories: News, Oil & Gas|Tags: , |