Audun Martinsen News

More than a Million of Oilfield Services Jobs at Stake

are likely to persist in 2021 and could lead to further workforce reductions. But as we move into the second half of 2021, with better market fundamentals and a fading Covid-19, recruitment is likely to pick up in the shale sector and from 2022 will also kick-off in the offshore sector,” says Audun Martinsen, Rystad Energy’s Head of Oilfield Service Research.Unlike the downturn of 2015 and 2016, when the total OFS workforce was reduced by nearly 30% from its 2014 levels as a result of another supply war, the industry now has to face the additional effect of a big decline in demand, caused