Oil and gas companies in the hard-hit North American market are announcing new downsizing figures as they cope with a historic collapse in crude prices.
Murphy Oil is the latest operator to announce significant layoffs and the closing of offices. Casualties include the company’s legacy headquarters in the small town of El Dorado, Arkansas, which was home to 80 employees. The firm’s longstanding office in Calgary will also be eliminated, along with 110 employees.
https://pubs.spe.org/en/jpt/jpt-article-detail/?art=7011
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