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Tag Archives: layoffs

Marcellus permit activity in Pennsylvania

The Marcellus Shale formation in Pennsylvania saw a little bit of action over the last week, despite the region saying goodbye to a major oil and gas services company. After 40 years in Indiana County, Halliburton is closing the doors to its service yard.  The driving factor behind the closing is Halliburton’s desire to be closer to its customers.  Halliburton’s ...

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Schlumberger announces further job cuts, cost reductions

Schlumberger

The world’s largest oilfield services provider, Schlumberger Ltd., reported its lowest first-quarter profit within four years and subsequent additional job cuts, according to Bloomberg news. The profit decline and job cuts are a result of the company’s customers cutting costs and the drastic reduction in overall spending due to current market prices and drilling slowdown. In a statement made by ...

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ConocoPhillips trims employee workforce, adding to industry losses

News of more layoffs is trickling out of Alaska’s oil patch as companies try to weather the plunge in crude prices. ConocoPhillips Alaska said this week it will trim its 1,300-person workforce by “fewer than 25 employees.” The cuts come in addition to recent reports of reductions to ASRC Energy Services contractors working at ConocoPhillips’ Kuparuk field, as well as ...

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Low oil prices force 2 Oklahoma companies to cut jobs

SKIATOOK, Okla. — Two oil and gas companies are cutting jobs in Oklahoma due to a decline in oil and natural gas prices. According to reports, Ohio-based Worthington Industries cut 40 jobs at its Skiatook plant Tuesday, and Samson Resource Co. confirmed Thursday that it is laying off 196 employees from its Tulsa headquarters. The Skiatook plant, which manufactures horizontal ...

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Oil services company Sanjel to close Billings training facility

Sanjel Corp., a Calgary-based oil field services company, is closing its maintenance and training facility in Billings as the company works to reorganize its operations in the wake of lower oil prices. Vivienne Allen, manager of corporate marketing and communications for Sanjel, confirmed that the company’s training and maintenance facility will close. However, the company will continue to operate its ...

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US oilfield jobs cull gains pace, more pain ahead

Feb 13 – When Ian Sandlin was laid off last week after 13 months working on oil rigs in southeast Texas, he was surprised to have lasted that long. “I knew it was coming,” he said. “I wasn’t the first to be let go.” The 27-year-old Houston native is among thousands of workers caught in an accelerating cull of oil ...

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Mass layoffs complicate oil industry’s long-term plans: Kemp

John Kemp is a Reuters market analyst. The views expressed are his own LONDON, Feb 13 – “This is the really crappy part of the job, and this is what I hate about this industry frankly,” the chief executive of oilfield services company Baker Hughes complained as he announced it would lay off 7,000 employees. Baker Hughes is cutting jobs ...

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Workers affected by layoffs in oil, gas industry have many options

oil workers

The continued drop in oil prices has brought layoffs in the oil and gas industry to the Crossroads. Lindsey Hooper, 29, was laid off Wednesday when Baker Hughes, an oil field services provider, shut the doors Wednesday at its Victoria facility on Hartman Road. “I can’t say I was not surprised,” she said. “Anyone in the oil field business knows ...

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Midwest manufacturers bucked the national trend, showed January growth

Minnesota and other Midwest manufacturers posted strong growth in January, bucking a slowdown seen nationally, according to two closely watched economic reports released Monday. Creighton University reported that its nine-state Mid-America Business Conditions Index rose in January, despite a slowdown in agricultural equipment sales and fresh layoffs planned for John Deere and the energy-related firms Helmerich and Payne. Thanks to ...

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Alpha Resources subsidiaries are going into idle mode

On January 30th, Alpha Resources announced in a press release that two of its subsidiaries will be going into idle mode at certain West Virginia coal mines due to weak market conditions and federal government regulations that have tested the Central Appalachian mining industry. Following the rules set by the Worker Adjustment and Retraining Notification (WARN) Act, the company has ...

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