(AP Photo/Pat Sullivan, File)

Schlumberger cut thousands of jobs in fourth quarter on $1 billion loss

on
The oil crash has triggered the largest job cuts in oil field services, and Schlumberger has now eliminated about 34,000 jobs globally — a more than 25 percent reduction since its peak of nearly 130,000 jobs in 2014.
A group of men have an early breakfast at Rosita's Restaurant in Carrizo Springs.  The small south Texas town bustles around 4 a.m. with area oil related workers. Dimmit County Regional Hospital has seen a dramatic increase in trauma cases directly associated from the oil and gas industry in the Eagle Ford Shale.  Wednesday, Feb. 19, 2014. (Bob Owen/San Antonio Express News)

U.S. Steel may cut nearly 700 Texas jobs

on
U.S. Steel is considering temporarily mothballing the pipe-making plant during the ongoing oil and gas slump. The facility is located in northeastern Texas in Morris County, which has a population of less than 13,000 people.
A worker uses equipment to secure a section of pipe on an oil drilling platform operated by Tatneft OAO near Almetyevsk, Russia, on Friday, July 31, 2015. Eleven months of surviving with oil below $100 have left Russia hardened enough to endure a monthlong drop to $40 a barrel, a survey of economists showed. Photographer: Andrey Rudakov/Bloomberg

Worldwide oil job losses climb to 233,000, recruiter says

on
Swift Worldwide Resources CEO Tobias Read said there’s no sign of an immediate turnaround in the oil and gas job market and the situation “is likely to get worse.”
Equipment is housed at National Oilwell Varco's distribution center in La Porte, Texas. (NOV)

Job losses continue across Texas as services firms cut back

on
Oil field services companies reeling from the worst downturn in years continued hemorrhaging jobs this week as three providers announced plans to chop nearly 400 jobs in Houston and across the state amid an oil rout that shows no signs of abating.
Moderator Alexandra Pruner leads a panel discussion covering resilience and optimism in a low price environment at the 2015 Women's Global Leadership Conference in Energy on Tuesday, Oct. 27, 2015, in Houston. ( Brett Coomer / Houston Chronicle )

Oil and gas execs say companies still recruiting to keep up with talent lost in layoffs

on
Burned by the talent crunch created by prior downturns, energy companies have not stopped beating the block for new recruits.
Michele McNichol, the CEO of Wood Group Mustang, is slated to give the opening keynote speech at the 2015 Women's Global Leadership Conference in Energy on Tuesday in Houston.

Q&A: Wood Group Mustang CEO opens up about life as a woman in a male-dominated industry

on
McNichols, who is scheduled to give a keynote speech kicking off the Women’s Global Leadership Conference in Energy on Tuesday in Houston, recently spoke with Fuel Fix about the evolving role of women in energy and how the global crude slump is affecting longtime efforts to recruit more women.
ED14-49

Commentary: The Skills Gap – And What We Can All Do About It

on
According to the Department of Labor, about 8 million Americans were unemployed in September, with countless more underemployed. You’d think it’d be rather easy for many employers to fill job openings with that many people job hunting. Unfortunately, it is not always that easy.  Hundreds of thousands of job openings that require basic proficiency in […]
Workers at the Weatherford rod-pump manufacturing plant prepare to move parts into the plant Thursday, June 26, 2014, in Katy. (Brett Coomer/Houston Chronicle)

Bank economist sees Houston jobs gain this year

on
The chief economist for Chase says diversification of Houston’s economy softens oil price shocks.
(Akos Stiller/Bloomberg)

GE to cut 100 jobs at East Houston manufacturing facility

on
GE says it’s planning to cut 100 jobs at its Jacintoport facility in East Houston as part of a broader move to shift some of its U.S.-based manufacturing of gas turbines and power generators to Europe and China.
An oil well owned an operated by Apache Corporation in the Permian Basin are viewed on February 5, 2015 in Garden City, Texas. (Photo by Spencer Platt/Getty Images)

Energy job cuts approaching 200,000 worldwide

on
Nearly half of the oil industry’s reductions over the past year have come from the oil field service industry, firms that provide drill bits, well casing, hydraulic fracturing pumps and other tech.