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U.S. OFS Sector Records Two Consecutive Months of Job Gains, but Future Still Uncertain

U.S. OFS Sector Records Two Consecutive Months of Job Gains, but Future Still Uncertain

Employment in the U.S. oilfield services (OFS) and equipment sector rose in October for the second consecutive month, after sustaining massive losses of more than 90,000 jobs earlier this year because of Covid-19, the Petroleum Equipment & Services Association (PESA) said Monday. Despite the recent uptick in jobs, the Houston-based trade association cautioned that the…

November 9, 2020
Texas Sees Uptick in Upstream Jobs in September, but Job Market Looks Tenuous

Texas Sees Uptick in Upstream Jobs in September, but Job Market Looks Tenuous

The Texas oil and natural gas industry’s upstream sector added 700 jobs in September, the first uptick since February, according to data from the Texas Workforce Commission.  Total upstream employment in the state was estimated at the end of September at 170,500 jobs, according to the Texas Oil & Gas Association (TXOGA).  The upstream sector…

November 2, 2020
Energy Sector Job Losses Said Unlikely to Return Until Late 2021

Energy Sector Job Losses Said Unlikely to Return Until Late 2021

The downturn in the U.S. energy sector caused by the Covid-19 pandemic is “truly like no other” as 70% of the jobs lost this year may not come back until the end of 2021, the Deloitte consultancy said Monday. However, the economic devastation presents opportunities for the oil and gas industry to accelerate its transformation…

October 5, 2020
Massive Job Losses in U.S. OFS Sector Traced to Activity Pullback from Covid-19

Massive Job Losses in U.S. OFS Sector Traced to Activity Pullback from Covid-19

The U.S. oilfield services (OFS) industry through August had lost more than 100,000 jobs since the coronavirus pandemic began eating away at oil and gas demand, according to the Petroleum Equipment & Services Association (PESA).  And the future remains a bit wobbly, according to PESA, which represents OFS operators involved in oilfield equipment manufacturing, drilling,…

September 10, 2020
Construction Work in Oil, Natural Gas Surpass Renewable Jobs, Says Building Trades Union

Construction Work in Oil, Natural Gas Surpass Renewable Jobs, Says Building Trades Union

Construction workers in the energy sector view oil and natural gas jobs as more plentiful and longer lasting, as well as providing better pay, health and pension benefits, than similar jobs in the renewables segment, according to two surveys commissioned by North America’s Building Trades Unions (NABTU). Through the surveys, one quantitative and one qualitative,…

July 17, 2020
U.S. Onshore Gas, Oil Production to ‘Calm…Not Cease,’ Says TIPRO

U.S. Onshore Gas, Oil Production to ‘Calm…Not Cease,’ Says TIPRO

The domestic natural gas and oil industry has slowed its roll in the past few months as commodity prices remain volatile, but overall, employment grew stronger in 2019, climbing to 895,629 employed, or up 8,554 year/year, according to an annual overview by one of the largest oil and gas trade groups in the nation.

February 4, 2020
U.S. Onshore Gas, Oil Production to ‘Calm…Not Cease,’ Says TIPRO

U.S. Onshore Gas, Oil Production to ‘Calm…Not Cease,’ Says TIPRO

The domestic natural gas and oil industry has slowed its roll in the past few months as commodity prices remain volatile, but overall, employment grew stronger in 2019, climbing to 895,629 employed, or up 8,554 year/year, according to an annual overview by one of the largest oil and gas trade groups in the nation.

February 4, 2020
U.S. Onshore Gas, Oil Production to ‘Calm…Not Cease,’ Says TIPRO

U.S. Onshore Gas, Oil Production to ‘Calm…Not Cease,’ Says TIPRO

The domestic natural gas and oil industry has slowed its roll in the past few months as commodity prices remain volatile, but overall, employment grew stronger in 2019, climbing to 895,629 employed, or up 8,554 year/year, according to an annual overview by one of the largest oil and gas trade groups in the nation.

February 4, 2020

Gulfport Cuts Jobs, Suspends Share Repurchases as Low NatGas Prices Persist

Gulfport Energy Corp. on Monday said it has cut 13% of its workforce and suspended a share repurchase program as part of ongoing efforts to boost shareholder value.

November 18, 2019
Canada’s Oil, Gas Job Losses Expected to Worsen in 2019

Canada’s Oil, Gas Job Losses Expected to Worsen in 2019

Canadian oil and gas job losses since the 2014 global price fall from US$100/bbl-plus will worsen to a five-year total 53,200 as of 2019, according to Petroleum Labor Market Information (PetroLMI).

April 10, 2019
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