31 Jul 2019 Employers have announced 330,987 job cuts in the first half of this year Although Whiting produced a similar volume of oil and gas in the 27 Oct 2019 Alberta total oil and gas employment. Source: PetroLMI. In 2019 alone, the Canadian oil and gas workforce shrank by 11,440 jobs, 11,100 of 23 Oct 2019 Oil and gas giant Husky Energy on Tuesday laid off what some staffers are saying was hundreds of Calgary employees amid continuing doldrums 14 Apr 2015 Like many other oil-field workers, Chris Sabulsky spent years working a schedule known as “14 on, 14 off:” two weeks at an oil or gas well Cathy Proctor – Reporter-Denver Business Journal – May 13, 2015 The budget cuts, layoffs and office closures that have spread across Colorado's oil and gas
The company’s layoffs are the latest in a string over the past year for the state’s oil and gas industry. Last summer, Whiting Petroleum (NYSE: WLL) laid off 254 people to reduce costs. The oil and gas company, which also released second-quarter corporate earnings on Wednesday, said the restructuring should result in $50 million in annual cost savings and require the company to take a one-time charge of $8 million in the third quarter. During the periodic downturns in the Oil and Gas business, layoffs are often part of the predictable response. The first article in this series ‘Coping with the crude oil price crunch’ highlighted some layoff related risks and costs that may be ignored or underestimated.
10 Jan 2020 We're not even two weeks into 2020 and the oil market has ripped through a cycle already. Courtesy of geopolitical spiciness in the Middle East 2 Dec 2019 Layoffs Sweep Oil Services Companies in the latest round of cuts at oil services companies in Texas and Oklahoma, with EPA on Improvements to Oil & Natural Gas New Source Performance Standards: News Release 17 Dec 2019 Dependent and the budgets of oil and natural gas companies, the oilfield service sector has shed thousands of jobs over the year. Fuel Fix: Get 9 Apr 2019 FILE PHOTO: Workers hired by U.S. oil and gas company Apache Corp drill a It forecast more industry job cuts “over the coming quarters as When the oil price falls, so does the forecast for oil prices in the years to come. have already resulted in more than 150,000 layoffs in the oil and gas sector.
6 days ago HOUSTON - Swift and ferocious - the one-two punch of Coronavirus and a global petroleum price war has knocked the Texas oil and gas Friday, March 13, 2020 The UK oil and gas industry has agreed a new travel policy for offshore installations TechnipFMC Job Cuts Just Around the Corner.
Recent oil and gas layoffs may be indicator of things to come in 2020 HOUSTON — Layoffs in Houston’s biggest industry this year could be a sign of things to come in 2020. That’s according to an Oil and gas thrive in the rest of the world. Rates of return for drilling offshore Western Africa, Israel, Brazil and almost any other nation are greater than that for the US shale plays. An index of oil and gas producer stocks show company values have been cut in half, and most of those companies are outside Colorado. So the short answer: People have anxiety over the law but it's oil-gas 2020 elections could help keep gas prices low, expert says AAA said the Houston area is averaging about $2.25 per gallon for regular unleaded gasoline, while the state averaged $2.27 per Extraction Oil & Gas Inc. is an independent energy exploration and development company focused on exploring, developing and producing oil, gas and NGLs primarily in the Wattenberg Field in the D-J