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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.
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.
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.”
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.
Burned by the talent crunch created by prior downturns, energy companies have not stopped beating the block for new recruits.
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.
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 […]
The chief economist for Chase says diversification of Houston’s economy softens oil price shocks.
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.
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.