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Tag Archives: Halliburton

Oil field job cuts cross 150,000

Job slashing from the oil bust reached a staggering 150,000 at the end of May, according to energy recruiting firm Swift Worldwide Resources. In a recent Fuel Fix publication, Swift elaborated that when compared globally, the United States has seen the “the fastest and steepest decline.” Layoffs have slowed dramatically as oil prices have just begun to regain some footing ...

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Drilling cutbacks drag down job growth in oil patch

WASHINGTON— Hammered by cheaper oil, drilling firms have laid off workers and dragged job growth lower in states from Texas to North Dakota. In Oklahoma, mining and logging jobs, which mostly include oil and gas drilling, fell for the fifth straight month in April. Texas lost 8,300 jobs in the sector, the most in six years, while Wyoming lost jobs ...

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Environmental groups monitor new Wyoming fracking rules

wyoming

CASPER, Wyo. — As Wyoming challenges new federal fracking rules on public lands, state regulators are quietly implementing a state requirement that petroleum companies justify keeping secret the ingredients in the chemical products they pump underground during hydraulic fracturing. The state has approved six applications from companies seeking to keep their ingredients confidential under the terms of a settlement with ...

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A series of settlements in 2010 Gulf oil spill

NEW ORLEANS — A committee of lawyers representing businesses and individuals claiming damages from the 2010 Gulf of Mexico oil spill announced a $211 million settlement Wednesday with Transocean Ltd., owner of the ill-fated Deepwater Horizon drilling rig. In a separate development, oil giant BP — which leased the rig from Transocean — reached settlements resolving years of complicated spill-related ...

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U.S. energy companies slash jobs as oil prices weaken

Oilfield giants Schlumberger Ltd and Halliburton Co and many others in the oil and gas industry have announced plans to lay off thousands of people in the past few months as global oil prices have fallen more than 40 percent since June. Brent prices fell to near six-year lows in January, hurt by a global supply glut and OPEC’s decision ...

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State board awards tax breaks, costing Lafayette millions

LAFAYETTE, La. — A state board exempted some Lafayette Parish businesses from paying millions in local taxes in 2013. The Advertiser reports the Louisiana Economic Development’s Board of Commerce and Industry, not local governing bodies, approved the exemptions that waived local property taxes. In 2013 those exemptions amounted to $5.4 million over a 10-year period. The board says in exchange ...

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Service companies keep cutting as rigs keep falling

Permian Basin producers again dropped drilling rigs this week, Baker Hughes reported Friday, as service companies announced another round of job cuts. Baker Hughes counted 12 fewer rigs in the Permian Basin, leaving 246 drilling for oil and gas in the region. About 74 percent drill horizontal wells as producers focus on core areas. Nationally, the oil and gas rig ...

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Pennsylvania well permits hit a low

According to the state Department of Environmental Protection (DEP) information, the number of unconventional well permits issued for this year’s first quarter has dropped by 30 percent; the lowest it has been over the last five years. Compared to last year, the DEP issued 863 permits just in the first three months.  This year, the number of permits given out ...

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