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Manufacturing in New York region weakens in August

manufacturing, factories, New York

WASHINGTON (AP) — Factory activity in New York slowed in early August for the second straight month, and manufacturers in the state cut jobs. The Federal Reserve Bank of New York said Monday that its Empire State manufacturing index dropped to a reading of minus 4.2, from 0.6 in July. Any reading above zero points to expansion. Even so, new ...

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Pittsburgh’s Kennametal cutting 1,000 in drilling slowdown

Oil below $40 forces Texas driller into bankruptcy

PITTSBURGH (AP) — Pittsburgh-based Kennametal Inc. says it’s cutting 1,000 jobs over the next 15 months, citing weak demand for the coal-mining and gas-drilling cutting tools it makes. The company announced the cuts to its 12,000-strong workforce on Monday, but didn’t say what facilities will be affected. Kennametal had more than 14,000 employees, including 5,000 in the United States, just ...

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Oil slump got you down? That light at the end of the tunnel just might be a Profoam truck

Profoam, spray foam insulation

It seems that every week we’re reading about another round of layoffs in the oil and gas industry. According to Houston-based Graves & Co., over 350,000 industry workers had lost their jobs since mid-2014. Some chose to retire, some entered other fields, and some, with an entrepreneurial spirit and a wealth of knowledge and experience in oil and gas, chose ...

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What the Dallas Fed Quarterly Report means for Eagle Ford shale jobs

eagle ford, jobs

On June 29th the latest quarterly report released by the Federal Reserve Bank of Dallas addressed the capital spending, costs, production levels, employment and overall current business activities of energy companies from Louisiana, New Mexico and Texas. From approximately 200 gas and oil companies surveyed, 42 percent stated that they expect their employment levels to remain consistent with those of ...

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UW offering scholarships for laid off coal workers

Image: Jan Truter via Flickr

LARAMIE, Wyo. (AP) — The University of Wyoming College of Engineering and Applied Science has created a new scholarship fund for displaced coal workers after hundreds of Wyoming coal miners were laid off in recent months. Ten scholarships at $1,500 apiece for one academic year are being offered. The scholarship is a one-time award, but it can be applied for ...

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SLCC to offer new diploma program in oil, gas field

Image courtesy of SLCC

NEW IBERIA, La. (AP) — South Louisiana Community College will offer a new technical diploma program in oil and gas production technology, which is set to begin during the fall semester at the college’s New Iberia campus. The new program was announced Tuesday in a news release. The 45-credit-hour program includes core instruction in oil and gas regulations; safety; pneumatic ...

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Website, job fair set up to help laid-off oil, gas workers

(Image courtesy of Encana Corp)

BATON ROUGE, La. (AP) — An effort is underway in the Bayou Region ofLouisiana to help workers affected by oil and gas industry downsizing to find training options and new jobs in south Louisiana. BayouOpportunity.com, a new website, will serve as a gateway to employment opportunities. A news release says job seekers can register there for an Industrial Trades Job ...

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The highest-paid CEOs by state

Rex Tillerson

Here are the top-paid CEOs by state for 2015, as calculated by The Associated Press and Equilar, an executive data firm. The survey considered public companies with at least $1 billion in revenue that filed proxy statements with federal regulators on or before April 30, 2016. It includes CEOs who were newly hired, who often receive large grants as incentives. ...

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Shell to cut at least another 2,200 jobs globally

Shell expects 4th Q profits to drop at least 40 percent

LONDON (AP) — Anglo-Dutch oil company Royal Dutch Shell says it will trim at least 2,200 jobs globally amid challenging times in the oil industry. The losses are in addition to cuts already being implemented because of the energy company’s merger with BG. The losses will include some 475 positions in the North Sea. Oil companies around the world are ...

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