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Tag Archives: oil and gas layoffs

Top 5 Bakken news stories – April 9-15

Check out what stories our readers found most engaging this week with our top five recap. Happy Friday! 5. Governor says North Dakota is weathering energy, ag slump BISMARCK, N.D. (AP) — North Dakota Gov. Jack Dalrymple says the state’s economic strength and diversified economy is helping to weather fluctuations in the energy and agriculture industries. Dalrymple spoke Wednesday at the state’s ...

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Falling oil prices push Chevron to first loss since 2002

FILE - This Aug. 20, 2012, file photo, shows a Chevron sign in Miami. Chevron Corp. reports financial earnings on Friday, Jan. 29, 2016. (AP Photo/Alan Diaz)

DALLAS — Chevron suffered its first money-losing quarter since 2002 in the final three months of last year, as plunging crude prices chopped more than one-third from its revenue. Oil traded this month at levels not seen since 2003, although it has rebounded slightly in the last few days. Cheaper energy is great for consumers, who save with every fill-up, ...

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Oklahoma-based Devon Energy plans layoffs over next few months

OKLAHOMA CITY — Oklahoma City-based Devon Energy Corp. has announced that it is planning employee layoffs over the next few months. Company executives made the announcement during a town hall meeting with employees Wednesday morning. Spokesman Tim Hartley said that the layoffs are a necessary part of cost management efforts for Devon as oil and natural gas prices remain weak. ...

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Alaska oil and gas industry jobless claims up for seventh straight month

The sun sets behind an oil drilling rig in Prudhoe Bay, Alaska on March 17, 2011. REUTERS/Lucas Jackson

Jobless benefits claims are down in Alaska and across the country, but the same cannot be said for the state’s oil and gas sector. The lack of available work has boosted the number of former workers in the extraction and support industries who have filed for unemployment, according to the state labor department. Year-on-year increases in existing unemployment insurance claims ...

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Low oil and gas prices mean a daily struggle

FARMINGTON — This year has not been an easy one for local oil and gas companies and those providing support services. It’s been a year of layoffs and cutbacks without any change predicted for the immediate future. In April, ConocoPhillips announced local layoffs, followed by similar announcements from local yards like Halliburton on Main Street, and, most recently, Baker Hughes ...

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Halliburton to reduce its Artesia workforce

Layoffs have been announced at the Artesia location of Halliburton Co., due to current business conditions in the oil industry. William Fitzgerald, a Halliburton spokesman, said in an email that the company does not drill in Eddy County, but they do have two locations in Artesia. “Halliburton will continue to monitor the business environment and will adjust the size of ...

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150,000 oil and gas jobs lost worldwide

Since oil prices began their dramatic decline last summer, over 150,000 jobs in the oil and gas industry have been cut across the globe, according to a recent report from oil and gas job services company Swift Worldwide Resources. As reported by Rigzone, the Swift report states that the United States witnessed the “fastest and steepest decline” of oil and ...

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Noble Energy, Delek to lay off dozens in Israel

Noble Energy

Noble Energy Inc. (NYSE: NBL) and Delek Group Ltd. (TASE: DLEKG) subsidiaries Delek Drilling Limited Partnership (TASE: DEDR.L) and Avner Oil and Gas LP (TASE: AVNR.L) are expected to lay off dozens of Israeli employees after the Passover holiday, sources inform “Globes.” The layoffs follow the lack of progress in the Israeli gas industry, especially the delay in development of ...

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