Editors Picks

Energy Sector Workforce Still Shrinking, with Statoil Axing More, Canada Losses Rising

Statoil SA, which controls a broad portfolio of onshore and offshore leaseholds in North America, is reducing its workforce again, adding on to an enormous reduction in the industry's workforce since the start of the year. One major Canadian drilling group expects up to 25,000 industry drilling jobs to be gone by the end of the year, while another put direct and indirect job losses in Canada at close to 185,000. Read More