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The oil slump has claimed at least 28,300 oil and gas jobs in Texas since December as the industry continues to pare back amid the worst downturn in years.
Some experts predict upstream oil and gas job cuts in Texas could reach 50,000. An energy sector recruiter explains what laid off workers should do to boost their job prospects.
The recent loss could be just the beginning of the decline in oil sector jobs, as more energy companies slash budgets and shrink contracts.
Officials at Halliburton and Baker Hughes have remained tight-lipped about what today’s transaction means for jobs at the two oilfield services companies.
A report by the Greater Houston Partnership and HSBC Bank says Houston may enjoy a 15 percent rise in exports, creating 55,000 new jobs.
Oil and gas companies are trying to lure women into the industry, but they have some work to do, according to a new report.
While the new jobs report was a disappointing sign for the national economy, it brought good news about growth in oil and gas.
The price of oil inched toward $98 a barrel Monday after stronger U.S. hiring suggested demand for crude could increase.
Benchmark U.S. crude for November delivery dropped $1.42 to close at $97.80.
Jobs in the oil and gas sector have grown 40 percent in the last five years, helping to counteract the tepid overall one percent increase in employment.