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GE expands job cuts at Lufkin oil unit to 575 from 330

General Electric Co said it increased planned job cuts in its Lufkin oilfield equipment unit to 575, as it grapples with pressure on the unit from the drop in oil prices. The move follows GE’s notification to regulators in January of the planned layoffs of 330 people at its beam-pumping manufacturing facility in Lufkin, Texas. The total number of reductions ...

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As oil prices slide, North Dakota sees manufacturing in its future

WILLISTON, N.D. – Business and community leaders in North Dakota’s western oil patch have launched an aggressive campaign to convince more manufacturers to set up shop locally, part of a push to expand the area’s economy beyond crude production and slash costs. The effort, which was launched on Wednesday at a conference in Williston, capital of the state’s oil industry, ...

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Say bye-bye to 200+ jobs in Ohio

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The Siemens Energy Inc. plant located in Mount Vernon is letting go of 240 jobs due to energy prices. Siemens AG, which purchased Rolls-Royce Holdings Plc as part of a $1.32 billion deal last year, produces lightweight natural gas turbines and compressor equipment that is powered by generators and used by oil and gas companies. The Mount Vernon plant has ...

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Experts: New Mexico oil patch could lose 2,000 jobs

ALBUQUERQUE, N.M. — The downturn in the oil and gas industry could cost New Mexico around 2,000 jobs, according to estimates from officials with the state Energy, Minerals and Natural Resources Department. The number of drill rigs operating in the San Juan and Permian basins has dropped from 85 to 60 over the past year, and state energy Secretary David ...

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Many seeking a Master’s degree in the energy business

Austin Frye found work as a landman straight of Texas A&M, graduating in 2007 with an agriculture degree but benefitting from internships in the industry. The oil boom that followed cemented him in the industry, and he landed back home in Midland working for the major Permian Basin player Concho Resources. That job remains secure now, he said, even during ...

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Applications for education grants now available

Dominion Resources is encouraging educators and faculty at schools and colleges to apply for $1.5 million in educational grants for energy, environment and workforce development curriculum. President of the Dominion Foundation Hunter A. Applewhite expressed how Dominion believes that the education of today’s youth is extremely important: Encouraging and investing in our youth, especially through educational programs that help improve ...

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Halliburton closing Minot facility, transferring many jobs

MINOT, N.D. — Houston-based oil field services company Halliburton is suspending operations at its facility in Minot and transferring many of the jobs there to locations in Williston and Dickinson. Spokeswoman Susie McMichael says the company will shut down the Minot facility on April 1 due to “changing business needs from its customers.” Halliburton isn’t saying how many of the ...

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Price decline hits New Mexico oil patch

At least 2,000 jobs will likely be lost in New Mexico’s oil and gas industry in the coming months because of sharp declines in the price of crude oil, according to estimates by the New Mexico Energy, Minerals and Natural Resources Department. The number of drilling rigs operating in the state has dropped from 85 last spring to 60, department ...

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62 jobs cut in Ohio

American Electric Power Company Inc. (AEP) is retiring an older, coal-fired power plant in Ohio and to start the process, is letting go of 62 employees. The plan is for the units to be retired in May to comply with the U.S. Environmental Protection Agency’s (EPA) regulations known as Mercury and Air Toxics Standards. AEP has given a 60-day closure notice ...

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