Noble Energy is set to reduce its headcount by around 180 positions as it looks to downsize its workforce during the oil price decline.
The company said the job losses – which include 60 in Texas – will be from their Houston headquarters as well as the Permian Basin and Eagle Ford area.
It is understood Noble began informing employees earlier this week of the move.
A spokesman said the company planned to be “cash flow neutral” as it approached the next year.
In its third quarter results Noble made a loss of $283million and said it plans to further trim its capital spending and curtail exploration activity.
Seven months ago Noble made a previous round of job losses.
