Summary
OFFSHORE Hydrocarbon Mapping, an Aberdeen-based oil services company, has announced it is making close to half its staff redundant in a dramatic cost-cutting exercise as it called off takeover talks.
The firm, which provides electromagnetic testing of the sea floor to search for oil and gas reservoirs, has struggled to convince oil companies to invest in its leading-edge technology.See the full content of this document
Extract
Oil Survey Group Slashes Staff
It warned in December that it had to slash costs or seek a sale, and shares slumped as it revealed it was in take...
See the full content of this document
Sponsored links
