Cameron International has said it will reduce its headcount further as the low oil price continues.
The company said around 75 jobs would go in early January next year.
The move comes after the company previously said it would be letting 150 staff members go this autumn.
In notification to its staff members, the company said the continued decline in “business conditions” had formed its decision to reduce its headcount.
It’s understood staff members will be able to apply for other jobs at Cameron.
Severance benefits and transition programs as well as outpatient services are also being offered to staff.
Chief executive Scott Rowe said: “Although our operational improvements partially mitigated the third-quarter impact of the cyclical downturn, we have seen no easing of market pressures and —
as a result — we expect operating income margins to decline sequentially in the fourth quarter in each of our four segments.
“In the face of market headwinds, we will maintain our relentless focus on the things we can control: execution, customer relationships, cost reduction and technology.”
Earlier this year it was revealed Schlumberger would acquire Cameron in a $14.8billion deal.