the pandemic has had a significant effect on people’s lives and livelihoods. according to a workforce survey by the university of houston, about 53% of oil and gas workers highlighted job security as a concern. 11 with more than 107,000 layoffs in 2020 ...
the pandemic has had a significant effect on people’s lives and livelihoods. according to a workforce survey by the university of houston, about 53% of oil and gas workers highlighted job security as a concern. 11 with more than 107,000 layoffs in 2020 ytd, such concerns are only natural...
LATEST LAYOFFS AT OIL AND GAS FIRM FRUSTRATINGLY FAMILIAR SIGHT IN TULSARead the full-text online article and more details about Latest Layoffs at Oil and Gas Firm Frustratingly Familiar Sight in Tulsa.By Gil BroylesAp
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...
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 ...
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...
Diversified Gas & Oil PLCreported its Q2 2020 results. Key Highlights: June 2020 exit rate net production of 109.0 MBoepd (653.8 MMcfepd) Exit rate net production of 18.7 MBoepd (112.0 MMcfepd) from the EQT Corporation and Carbon Energy acquisitions completed in May 2020 ...
Using that logic, there seems to have been a strong slowdown in Texas oil and gas production. All the last data points are October and is in barrels per day. In June and July there was a strong increase in production reported to the Tesas RRC by the oil companies. But in August, ...
crash in a generation. Among other big oil companies, BP Plc is reducing senior management roles ahead of a further announcement in June, while Royal Dutch Shell Plc is offering voluntary redundancies. Exxon Mobil Corp. has said it intends to cut operating costs by 15%, not including ...
A bp spokesperson declined to comment on the layoffs. Shell CEO Wael Sawan has vowed to take a ruthless approach to improve its performance and returns and close a yawning valuation gap with larger U.S. rivals Exxon Mobil and Chevron. ...