STEP Energy Services, NCS Multistage cut jobs as oil collapses

(Reuters) - More oilfield service companies dismissed workers this week after oil prices collapsed to near two-decade lows amid a price war among top producers and falling demand from the spread of the novel coronavirus.Houston, Texas-based NCS Multistage Holdings is cutting about 80 employees, or 20% of its workforce, according to a filing. The company provides services for fracking shale oil wells. Canadian firm STEP Energy Services also is shedding workers in Texas and Oklahoma oilfields..