The proposal is the first signal from Gov. Tom Wolf’s administration of how it will approach the natural gas industry after the Democrat campaigned last year on a promise to toughen state regulation of the industry. More »
Baker Hughes led the pack, cutting 191 jobs last month at separate facilities in Kilgore and Snyder, Texas, according to the Texas Workforce Commission. That’s part of the firm’s plan to ax 7,000 jobs in the first quarter. More »
The firm is cutting jobs through voluntary retrenchments or early retirements, and it has stopped hiring new workers and isn’t filling vacancies for now, Sasol CEO David Constable said in written statement Monday. More »
The energy sector’s high-yield bonds – so-called “junk bonds” considered at risk of default – have climbed to $247 billion in the last two months, the largest share of any industry with 17.5 percent of high-yield bond market. More »
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