Halliburton swung the axe in the Calgary office a couple of weeks ago too, not a large number of positions compared to field operations. I was told about 20 people here.
But add up all the major service companies leaving Canada or downsizing and it adds up. First Baker Hughes (a couple of times) and now Halliburton. The service side jobs are the ones you don't see big announcements for. They just quietly go away in small bunches but they total up to way more people than the Operators have let go.
Cementing has always been a low margin business and it's tough for the big multi nationals to compete against the smaller independents and mid size companies.
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