Turmoil wrought by the global pandemic has upended activity across the energy sector and led to massive layoffs, with staffing forecast to plummet by year’s end to its lowest level in more than a decade. An analysis of the top 50 oilfield services (OFS) operators by Rystad Energy found staffing would decline and anticipated revenue…
Articles from Employment
Employment continued to shrink during June in Canadian oil and natural gas fields, with service and supply contractors suffering the deepest losses, according to the industry’s workforce monitoring agency. Cuts of 5,600 field personnel accounted for 84% of 6,700 layoffs recorded last month by Calgary-based Petroleum Labor Market Information (PetroLMI) from Statistics Canada surveys. The…
The Lone Star State led the nation last year in oil and gas industry employment with an estimated 352,371 jobs, a gain of 26,700-plus from 2017, according to the annual report by the Texas Independent Producers & Royalty Owners Association (TIPRO).
Upstream oil and natural gas employment in Texas, home to the Eagle Ford Shale, a chunk of the Haynesville Shale and most of the Permian Basin, is showing signs of wear, with jobs down by 500 in November from October, ending a 23-month consecutive gain.
Texas oil and natural gas producers during January for the 14th straight month pushed the state’s upstream economic indicators higher, propelled by higher commodity prices, the Texas Alliance of Energy Producers said Thursday.
Before Hurricane Harvey pummeled the state and wiped out, at least temporarily, some employment, the Texas economy in August expanded for the 14th consecutive month, adding 5,500 jobs, the Texas Workforce Commission (TWC) said Friday.
The natural gas value chain accounted for nearly 3% of all U.S. gross domestic product (GDP) and non-farm payroll employment in 2015, with the industry’s benefits reaching all 50 states, even those without production, according to a new ICF report backed by the American Petroleum Institute (API).
Jobs in Pennsylvania directly tied to natural gas development declined by about one-third in the second quarter, according to data from the state Department of Labor and Industry (DLI).
As the United States transitions to a new era of domestic energy production, the oil and gas industry and other sectors could play a key role in helping underserved communities “secure economic self-reliance, parity, power and civil rights,” according to a report published Tuesday by the National Urban League’s (NUL) Washington Bureau.
It has been nearly two years since the last peak in the Texas Petro Index (TPI), a barometer of oil/natural gas industry activity in the Lone Star State, and in August the TPI marked its 21st consecutive month of decline. But there are signs of an industry comeback.