Oil company layoffs

The Daily Oil Bulletin (DOB) is the most trusted source of exclusive news, data and analysis for Canada’s oil and gas industry. U.S. Shale Companies Hedges Were Inadequate For Oil Price Crash. March 13, 2020, 8:26 AM MDT. U.S. Shale Producers Urge Service Firms Offer ‘At Least’ 25% Price Cuts: Executives, Letter. Daily Job Cuts / Layoffs - Your source for daily economy updates on recent Job Layoffs 2020 / 2019 , Job Losses, Layoff News, Store Closings 2020, Bankruptcy, Business and Economic News

10 Feb 2016 The financial strains in the sector may ensure more layoffs are coming at oil and gas companies. Especially as production declines, the industry  3 Mar 2015 He says he may turn to security consulting to pay the bills. "The oil services company layoffs don't just affect the folks working out in the oilfields,"  14 May 2015 Falling oil prices have led to massive layoffs and revenue losses in the Canadian energy industry. Here's a look at five companies that saw the  29 Jan 2019 Oil workers in northeast Alberta are bracing for layoffs after a Calgary-based energy company warned in a letter to suppliers that the province's 

Shell Oil regularly uses layoffs to get rid of older workers it pays more and replace them with younger, cheaper workers. Of course, they add a few younger folks into the mix to make sure they — read more

16 Mar 2016 According to the earnings statements, the company had focused on higher value- added products and diversified from oil-and-gas exploration into  5 Feb 2015 More layoffs have begun in nearby Texas. GE Oil & Gas has announced that it will lay off 330 workers at its Lufkin Industries subsidiary. 4 Apr 2016 Job losses continue to mount in the Alaska oil industry, with Parker Drilling and CH2M Hill recently informing the state, in separate  11 Sep 2015 Another Calgary-based oil company has announced layoffs as low oil prices continue to hurt the industry. (Matthew Brown/Associated Press). 11 Feb 2020 Protect Ghanaians from layoffs with local content policy for oil & gas from layoffs when production companies face operational challenges. 19 Feb 2020 State-run BPCLs management does not expect major layoffs after the proposed privatisation of the oil marketing company as it has been  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 

A substantial number of oil companies have violated the WARN Act. All employers that fall under these requirements, oil and gas employers included, must give 

MIDLAND, Texas — Layoffs in the oil industry this year could be a sign of things to come in 2020. Halliburton closed 2019 with a $1.1-billion dollar loss amid an ongoing shale slump in the A company spokeswoman confirmed the layoffs but wouldn’t say how many employees have been affected. widely attributed to slumping oil prices, a suspension in dividends and an abortive $2.75 As of Feb. 10, 2017, the total number of oil and gas layoffs around the globe is 441,371, according to data compiled by Houston-based consulting firm Graves & Co. In a Feb. 15 report, John Graves, president of Graves & Co., noted the reduced pace of industry job cuts over Hunt Oil Co. is a large independent oil and gas company headquartered in Dallas, Texas, USA. Hunt Oil has its main oil production activities in the United States, Canada and Yemen. The company also participates in liquefied natural gas production projects in Yemen (Yemen LNG) and Peru (Peru LNG). The Daily Oil Bulletin (DOB) is the most trusted source of exclusive news, data and analysis for Canada’s oil and gas industry. U.S. Shale Companies Hedges Were Inadequate For Oil Price Crash. March 13, 2020, 8:26 AM MDT. U.S. Shale Producers Urge Service Firms Offer ‘At Least’ 25% Price Cuts: Executives, Letter.

11 Jan 2020 The U.S. oil and gas production business cut 6,500 jobs in Meanwhile, Occidental Petroleum Corp. is also beginning layoffs as it tries to 

10 Feb 2016 The financial strains in the sector may ensure more layoffs are coming at oil and gas companies. Especially as production declines, the industry  3 Mar 2015 He says he may turn to security consulting to pay the bills. "The oil services company layoffs don't just affect the folks working out in the oilfields,"  14 May 2015 Falling oil prices have led to massive layoffs and revenue losses in the Canadian energy industry. Here's a look at five companies that saw the  29 Jan 2019 Oil workers in northeast Alberta are bracing for layoffs after a Calgary-based energy company warned in a letter to suppliers that the province's  14 Jan 2015 HOUSTON — Apache Corp. Wednesday began laying off workers across the globe, a company spokeswoman said, as it became the latest  7 May 2015 The company said it needed to cut jobs and reduce costs because of “the persistently difficult environment in the global power generation  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

The energy sector is currently dealing with subdued oil and gas prices, slowing drilling activity, a wave of layoffs from companies like Halliburton, National Oilwell Varco and Pioneer Natural

14 Jan 2015 HOUSTON — Apache Corp. Wednesday began laying off workers across the globe, a company spokeswoman said, as it became the latest  7 May 2015 The company said it needed to cut jobs and reduce costs because of “the persistently difficult environment in the global power generation  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 Unlike a number of the companies mentioned on this list, heavy-duty equipment manufacturer Caterpillar didn't make a lot of noise when it announced layoffs in November. That's because only 120

11 Mar 2020 He said many oil and gas companies have acted to deal with an ongoing downturn in the industry and some may not survive another financial  31 Jan 2020 The state-run company is selling 8 refineries, thousands of miles of pipelines, and fuel distributors. 6 Mar 2020 Crude oil dropped 10%, the lowest single day drop the market has seen in hammer down prices and put pressure on American companies.