(Daniel Acker/Bloomberg)

Wyoming oilmen diversify to survive the bust

Casper businesses were the hub for Wyoming’s oilfields during the boom years. Today, they are rewriting business plans, reassigning machines for jobs outside the oil patch and experimenting with new product lines.
Rick Burleson joins Paul Hastings as oil and gas leader.

Paul Hastings appoints new Houston oil and gas boss

The position is a new one Paul Hastings, he said, which already has a robust oil and gas practice.
Gulf Oil Spill

Industry report: Majority of energy sector thinks it is repeating mistakes

About 56 percent of 920 global energy executives surveyed believe too many companies are short-sighted about making quick cutbacks, said the “A New Reality” report from DNV GL, a leading technical adviser to the industry. Nearly three quarters of those surveyed said a new phase of budget management is needed to prepare to succeed in a sustained period of low oil prices.
Schlumberger CEO Paal Kibsgaard (credit: Schlumberger)

Schlumberger CEO “optimistic” job cuts are over after 34,000 slashed

While Schlumberger’s CEO said he wants the industry to rebound soon, he said the longer the downturn lasts “the stronger we will emerge relative to our competition.”
Associate chemist for fracturing technology, Juan Martinez, takes some measurements in a lab in the research and development building, at the Baker Hughes facility, Thursday, May 12, 2011 in Tomball, Texas. (Todd Spoth/For the Chronicle)

Houston added thousands of jobs in 2015, but growth was hard won as oil crashed

The monthly numbers fell in line with the near-zero growth rate that economists had been predicting.
(AP Photo/Pat Sullivan, File)

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

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.
Southwestern Energy Co.'s corporate headquarters near The Woodlands. (Southwestern Energy)

Southwestern Energy to cut 40 percent of workforce

Domestic gas prices have fallen 27 percent since this time last year, squeezing cash flows for shale gas drillers like Southwestern.
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

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.
Equipment is housed at National Oilwell Varco's distribution center in La Porte, Texas. (NOV)

National Oilwell Varco closing Louisiana facility

The Louisiana Workforce Commission tells The Advocate the layoffs at the facility started Monday.
Ben van Beurden, chief executive officer of Royal Dutch Shell Plc, pauses as the company announce their fourth-quarter results in London, U.K., on Thursday, Jan. 29, 2015. Van Beurden pledged to do all he can to maintain payments to shareholders of Europe's largest oil company after crude prices fell by more than half in the past six months. Photographer: Chris Ratcliffe/Bloomberg  *** Local Caption *** Ben van Beurden

Shell, BG Group job cuts will rise to 10,000

Shell had already announced some 7,500 in layoffs last year.