Tag: jobs

Schlumberger cuts another 11,000 jobs in wake of oil crash

Oil field services firm Schlumberger announced Thursday it plans to ax another 11,000 workers, kicking off what could be a second major wave of layoffs across the oil industry.  More »

Wages for oil and gas workers are growing the slowest of any industry

Falling oil prices and a slowdown in the energy sector have prompted wage growth in the oil and gas industry — as well as Houston at-large — to come to standstill, according to new data.  More »

Hundreds more Houston-area jobs cut as oil-equipment demand falls

Falling oil prices have prompted businesses affiliated with the the energy industry to announce more than 400 job cuts in the Houston area as demand for their products and services falls.  More »

Oil layoffs slowed in March, but firms still say 12,800 jobs will get axed

So far, Texas is outpacing every other state in planned layoffs, with 47,000 job cuts this year.  More »

Experts: New Mexico oil patch could lose 2,000 jobs

The number of drill rigs operating in the San Juan and Permian basins has dropped from 85 to 60 over the past year, and state energy Secretary David Martin said each rig directly employs 50 workers and another 50 to 70 in support jobs.  More »

Americans drove more than 3 trillion miles last year

The 33 percent slide at U.S. pumps, combined with an improving job market, touched off a national spending spree on sport utility vehicles, vacations and Christmas presents.  More »

What to do if you lose your energy job

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.  More »

Texas oil taxes crumple 40 percent during price collapse

As oil prices have fallen, hundreds of drilling rigs have been swept to the sidelines from the Permian Basin near Odessa and Midland to the Eagle Ford Shale in the south.  More »

Oil sector loses jobs in February

About 1,100 oil and gas workers lost their jobs in February, as low crude prices spurred energy companies to lay down rigs and lay off employees.  More »

Texas producers paid record amont of state and local taxes last year

The figures come at a time when the energy sector is dramatically slowing its activity in Texas amid falling oil prices, prompting some concern about whether public entities that have grown accustomed to oil money could feel the pinch as production slows.  More »

Oil slump threatens easy life of affluent Norwegians

After a decade of an oil-and-gas boom, plunging energy prices are shaking Norwegians out of a Utopian reverie that guaranteed workers lengthy summer vacations, generous health and social benefits, and allowed them to leave work at 4 p.m. and even earlier on Fridays.  More »

Tenaris to lay off 230 in Conroe

The company attributed the move to falling oil prices that have resulted in less drilling activity.  More »

Texas manufacturing sluggish as energy sector slows down

Manufacturing activity in Texas was flat for the second consecutive month in February, the Federal Reserve Bank of Dallas revealed in its latest survey on the sector.  More »

Chevron to move 100 jobs to Houston

Chevron plans to move 100 jobs from its San Ramon, Calif. headquarters to Houston.  More »

MRC Global cuts 270 jobs, freezes hiring

The Houston firm’s cost reductions, which include a hiring freeze and deferring wage and salary increases, brought its layoffs it has made since last March up to 500, MRC CEO Andrew Lane told investors in a conference call Friday.  More »
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