Labor

Labor Strikes at French LNG Terminals Extended – The Offtake

Labor strikes blocking Elengy’s Fos Cavaou, Fos Tonkin and Montoir-de-Bretagne LNG import terminals in France that were scheduled to end Tuesday have been extended to March 27 as workers continue to protest the government’s pension reform. Strikes ended last week at Dunkerque LNG, the country’s only other import terminal. 

March 21, 2023
Specter of Recession Looms Large Over Global Natural Gas, Oil Markets

Specter of Recession Looms Large Over Global Natural Gas, Oil Markets

Threats of recession in the United States and across Europe are gathering force amid festering inflation and rapidly rising interest rates, developments that already tapered oil consumption and could impact commercial and industrial natural gas demand. The latest indicator: The U.S. Labor Department on Friday reported the job market remains tight but hiring is slowing.…

October 7, 2022
European Natural Gas Prices Surge to Four-Month High on Supply Squeeze – LNG Recap

European Natural Gas Prices Surge to Four-Month High on Supply Squeeze – LNG Recap

European natural gas prices hit their highest point in months on Tuesday, extending a series of gains as the continent continues to face the threat of supply shortages on a number of fronts. A prolonged shutdown of the Freeport liquefied natural gas (LNG) export terminal in the United States, reduced flows from Russia on the…

July 5, 2022
Bakken Challenged by Labor Shortages, while Federal Auction Set for June

Bakken Challenged by Labor Shortages, while Federal Auction Set for June

The Department of the Interior’s (DOI) Bureau of Land Management (BLM) plans to hold a lease sale on June 28 for 23 federally owned parcels spanning nearly 3,406 acres in Montana and North Dakota. The sale notice issued by BLM’s Montana/Dakotas state office is part of a larger plan announced at the federal level to…

April 22, 2022

U.S. Energy Sector Market Improving, But Labor Shortage Taking A Toll

U.S. oil and natural gas extraction jobs began inching up in parts of the country in late 2016, and it can’t come quickly enough as the tight labor market apparently already is affecting onshore drilling efficiencies as operators raise more rigs.

January 10, 2017

Dominion Locks Out 915 NatGas Union Workers Across Six States

Two Dominion subsidiaries began locking out 915 union-represented employees across six states Wednesday until negotiations on a new labor contract are completed.

September 7, 2016
Oilfield Recovery Prolonged as Many Laid-Off Employees Never Coming Back, Says Evercore

Oilfield Recovery Prolonged as Many Laid-Off Employees Never Coming Back, Says Evercore

Contrary to the optimism some oilfield services companies have expressed about finding a solid labor pool once the oil and gas upturn begins, many former employees have no intention of ever returning, according to a survey by Evercore ISI.

August 2, 2016

Halliburton Agrees to Pay $18.3M in Overtime to 1,016 U.S. Employees

Halliburton Co. has agreed to pay almost $18.3 million total in overtime wages to 1,016 U.S. employees in one of the largest recoveries of its type in years, the Department of Labor said Tuesday.

September 22, 2015
No Immunity in Appalachia; Oil and Gas Jobs Falling Off

No Immunity in Appalachia; Oil and Gas Jobs Falling Off

While steep job cuts in the oilfields of Texas and North Dakota have been hard to miss in recent months, the Appalachian Basin has not escaped the trend, with the region’s workforce being trimmed and a less visible retrenchment still evident.

June 19, 2015
No Immunity in Appalachia; Oil and Gas Jobs Falling Off

No Immunity in Appalachia; Oil and Gas Jobs Falling Off

While steep job cuts in the oilfields of Texas and North Dakota have been hard to miss in recent months, the Appalachian Basin has not escaped the trend…

June 19, 2015
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