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Tag Archives: Schlumberger

North Dakota’s job landscape shifting (for now) away from big oil

WILLISTON, N.D. – Halliburton Co , Schlumberger NV and other large energy companies were conspicuously absent from a major North Dakota job fair this week, a telling sign as employers in the No. 2 U.S. oil-producing state grapple with sliding crude prices . Instead of roustabouts, the state’s oil industry wants pump technicians, gas-processing plant operators and truck drivers to ...

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Drop in oil prices leaves roughnecks at loose ends

DALLAS — The drive from Ken Mercer’s home in Tennessee to the oil fields of western North Dakota takes 20 hours if you drive straight through. Every month, Mercer, an Army veteran who served in Iraq, would make the trip as part of his two-weeks-on, two-weeks-off hitch with the Houston oilfield services company Patterson-UTI. Rotating 12-hour shifts aboard a drilling ...

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Basin producers cut 49 rigs

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The Permian Basin’s oil producers continued to pull back this week, releasing 49 drilling rigs in the region as they seek to wait out oil prices hovering below $50 per barrel. The drop accounted for half the land drilling rigs shed nationwide. The Permian Basin now has 368 rigs running after several weeks of dramatic cuts. The regional benchmark Plains-West ...

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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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Low prices force suppliers to ask for discounts

The pressure of low natural gas prices has forced suppliers in the Marcellus Shale to ask for discounts of at least 10 percent on the prices of goods and services. Despite oil prices increasing slightly, they still sit under $50 per barrel.  Natural gas prices are not any better, hovering just under $3 per million British thermal units. Even though ...

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Top 5 Bakken stories of the week

Here are the top five stories from Bakken.com for the week of January 23 through January 30. Enjoy! 5. Montana’s Bakken boom might have gone bust The Bakken oil boom in Montana has gone bust, or at least that’s the belief held by Terry Johnson, director of energy research at the University of Montana’s Bureau of Business and Economic Research. Montana ...

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New Orleans to host TMS conference amidst low oil prices

The oil and gas industry in Louisiana and the surrounding region will kick off February with the 3rd Tuscaloosa Marine Shale Development Summit and Exhibit in New Orleans. The conference, hosted by Information Forecast (Infocast), is slated for February 3-5. Infocast is one of the leading hosts of energy industry conferences, with five events set for February alone. Although low ...

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