Oil field workers in 2012  drill into the Gypsum Hills near Medicine Lodge, Kan.   U.S. Steel said Tuesday it will lay off about 750 employees from two plants that make tubular steel, which is used in oil and gas drilling(AP Photo/Orlin Wagner, File)

Commentary: Finding agreement between “frenemies” — oil field services and integrated oil companies

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A Rice University professor wants to heal the divide between integrated and oil field services companies over pricing, technology, procurement and more.
(Johnny Hanson/Houston Chronicle file photo)

Halliburton, Baker cut workforces deeper, bringing layoffs to 27,000

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Halliburton has cut nearly 14,000 jobs and Baker Hughes has laid off 13,000 employees since they began trimming their headcounts last year to cope with the oil-market crash, officials said Monday.
Weatherford International CEO, Bernard Duroc-Danner. (Michael Paulsen/Houston Chronicle file photo)

Weatherford takes “brutally realistic” approach to U.S. job cuts

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Weatherford will make another 1,000 job cuts, mostly in its U.S. support staff, as its onshore shale business continues to suffer with low oil prices, the company’s CEO said in its second-quarter earnings conference call.
Arthur Perales III works on a gear reducer at the Weatherford rod-pump manufacturing plant Thursday, June 26, 2014, in Katy. (Brett Coomer/Houston Chronicle)

Weatherford to boost job cuts to 11,000

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The oil field services firm, based in Switzerland with main offices in Houston, said the layoffs come as the North American market continues to weaken.
Phil McNabb of Oceaneering International showing the WASP Atmospheric Diving System  during the Offshore Technology Conference at Reliant Center on Monday, May 6, 2002. The one-man submersible can go to a depth of 2300 feet(Melissa Phillip/Chronicle)

Oceaneering International profit falls 40 percent in second quarter

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Oceaneering International’s profit fell 40 percent in the second quarter as its fleet of more than 300 underwater robots found less work at offshore oil-industry projects compared to last year.
Subsea trees are shown at FMC Technologies, 1777 Gears Road, Wednesday, June 4, 2014, in Houston. ( Melissa Phillip / Houston Chronicle )

FMC Technologies plans further layoffs

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FMC Technologies executives say its joint venture with another subsea oil-equipment maker has been welcomed by operators but it will have to continue to cut its workforce in coming quarters as activity stagnates.
FMC Technologies elaborate booth in the Offshore Technology Conference at the NRG Center Wednesday, May 6, 2015, in Houston, Texas. (Gary Coronado/Houston Chronicle)

FMC Technologies profit cut in half

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FMC’s subsea orders held up much better than its land business, with sales declining 7 percent compared to the first quarter.
(AP Photo/Richard Drew)

Baker Hughes lost $188 million in second quarter

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The company, which is set to sell itself to larger rival Halliburton by the end of the year, saw its biggest revenue decline in North America, with sales falling 26 percent below first-quarter revenue.
A Tenaris Conroe employee lines up a stack of pipes so a Petibone forklift can pick the up to put into another pile waiting to be finished for sale Tuesday, April 13, 2010, in Conroe.  (Nick de la Torre/Chronicle)

TimnkenSteel to lay off 39 Houston workers

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The Canton, Ohio-based company, which manufactures steel bars and pipes, cited a “significant downturn in business” as the reason for the layoffs.
Dave Lesar, third from right, chairman and CEO of Halliburton, rings the Opening Bell at the New York Stock Exchange (NYSE) on November 18, 2014 in New York City. (Photo by Spencer Platt/Getty Images)

Halliburton profits fall 93 percent amid downturn

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Halliburton’s North American revenues were hit hardest in the downturn, falling 25 percent compared to the first quarter, down to $2.7 billion.