Statoil announced it would lay off between 1,100 and 1,500 employees and 525 consultants across its international workforce, many of which reside in Houston, although Statoil did not specify how many of the laid off would be Houston-based. The entirety of the cuts amount to about a reduction of 15% in its U.S. operations heading into 2016. With 1,000 U.S. workers, mostly based in Houston, the estimated is expected to be significant.
The Norwegian energy giant has operations in 37 countries and 22,000 employees worldwide.
In addition to the recent layoffs, the company has also ran into bad luck after reporting an oil spill that occurred in the Statfjord oil fields located between the United Kingdom Norwegian boundary. It is the third such reported spill from Statoil in the area, and an environmental organization known as Bellona is considering filing legal action against Statoil.