In the midst of one of the greatest periods of expansion in its history, the global oil and gas industry is facing a labor crisis, brought on by years of layoffs, that could jeopardize its future. Even as companies unveil increasingly ambitious plans to uncover new sources of oil — ...
The Gender of Layoffs in the Oil and Gas Industry Christine L. Williams Precarious Work ISBN: 978-1-78743-288-8, eISBN: 978-1-78743-287-1 Publication date: 19 December 2017 Permissions Abstract Professional careers have become more precarious in recent decades. Corporations today engage in...
Most of Texas’ gas comes from pure gas wells. Texas gas well gas peaked back in January 2009 at just over 20 million MCF per day. Texas associated gas, or what they call casinghead gas, took off with the shale boom and is still increasing. Their associated gas will likely largely foll...
The industry’s reputation as a reliable employer has been challenged following big layoffs and heightened cyclicality in employment triggered by recent subsequent downturns and the COVID-19 pandemic. Deloitte's new study, "The Future of Work in Oil, Gas and Chemicals: Opportunity in the ...
Consumption gains arising from lower oil prices will be smaller than in the past because cars and homes are more energy efficient. In terms of investment, firms in the oil and gas industry are cutting their capital expenditures, while companies that use energy intensively may invest more capital....
Twenty years ago, when there was a downturn in the market, O&G companies used the money they saved to invest in new equipment and business infrastructure. That did not happen this time. Instead, the impact was catastrophic, and many companies faced massive layoffs. In fact, some of equipment...
Over the past several years, EPC contractors in oil and gas have endured significant hardships such as low capital expenditure, which has led to financial losses, project backlogs, and significant layoffs. Despite challenges, the EPC contractors in the region who have stood up against headwinds and...
Al Qahera, news TV in Cairo, asked me questions on Germany’s VW crisis. VW announced yesterday it will close at least two facilities and move to break the long-term agreement with its workers’ union for no layoffs till 2029. This is serious in that 1) VW, since its founding in 1937...
Oil prices have stubbornly remained stuck within a narrow trading range amid lackluster demand, bankruptcies and layoffs are up and drilling activity keeps falling by the day--all signs of a growing crisis that’s roiling the industry. Some of the most successful companies in the shale drilling...
Houston is the state's largest city with a population of 2.3 million. This makes it the fourth most populated city in the country.910Already home to the headquarters of severaloil and gascompanies, Houston is undergoing major developments in industrial gas complexes.11Despite layoffs in the oil...