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Feb 5, 2015
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Feb 4, 2015
Feb 4, 2015

Many oil firms plan no North Dakota layoffs despite cheap oil

, Feb 4 (Reuters) – Halliburton,
Statoil ASA, Hess Corp and other North Dakota
energy companies have decided, for now, not to lay off staff in
the No. 2 U.S. oil producing state, hoping to be prepared for
any prolonged rebound in crude prices.

Many oil producers and their contractors are trying to
strike a balance between cutting costs and maintaining workforce
reserves after a more-than 50 percent drop in oil prices
since last June.

Feb 4, 2015
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Feb 3, 2015