U.S. oilfield employment rose in November month/month, with gains in all six tracked categories, according to the trade group Energy Workforce & Technology Council. Domestic jobs in the broad oilfield services and equipment sector, aka OFS, climbed by an estimated 2,346 jobs to 645,486 in November, the preliminary data from the U.S. Bureau of Labor…
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North Dakota Markets Record Natural Gas Volumes, Reports Three-Year Permitting High
North Dakota posted a 1.5% month/month increase in natural gas production and a record high volume of gas captured in July, despite a 2.5% decline in oil output. Natural gas production averaged 3.1 Bcf/d, of which 3 Bcf/d or 94% was captured and sent to market while the remaining 6% was flared off, according to…
Oil, Natural Gas Activity Creeping Upward in North Dakota as Labor Challenges Persist
Active drilling rigs, hydraulic fracturing crews and drilling permits all are creeping upward in North Dakota, though workforce challenges remain a hindrance to faster growth, the state’s top oil regulator said Tuesday (July 19). North Dakota had 42 active rigs as of Tuesday (July 19), which also was the monthly average for June. This is…
Permian Oil Patch Faces Economic Conundrum as Efficiencies Reduce Workforce
The technological breakthroughs that sparked the Lower 48 oil and natural gas revolution jolted economic activity across the Permian Basin, but the efficiencies reduced the need for people, creating a conundrum of sorts, according to the Federal Reserve Bank of Dallas. Business economist Garrett Golding and research analyst Sean Howard of the Dallas Fed, as…
Global Oil, Gas Workforce Facing ‘Crisis of Confidence’ in Wake of Covid-19, but Still Sees Opportunities
Nearly 80% of oil and natural gas professionals feel less secure in their jobs than they did pre-pandemic, but nearly two-thirds expect advances in engineering may open up opportunities in the next three years. The findings are in the fifth annual Global Energy Talent Index (GETI), the world’s largest energy recruitment and employment trends report,…
Zinke Says Interior Must Partner With Industry to Better Understand Energy Sector Technology
With a workforce of about 70,000 employees, many of whom are older and set to retire within the next five years, Secretary Ryan Zinke said the Department of the Interior (DOI) must partner with the natural gas industry in order to get a firmer grasp of emerging technology in the energy sector.
Oil, Gas Industry Jobs Don’t Appeal to Generation Z, Millennials, Says Poll
Most American adults (51%) would be happy if their children chose a career in the oil and natural gas industry, but for those children without set career paths, only about one-quarter of Generation Z and 45% of Millennials find energy industry jobs appealing, according to a new poll.
Enbridge Cutting Workforce in Realignment After Spectra Acquisition
Calgary-based Enbridge Inc. said Wednesday it would take “the difficult but necessary step” to eliminate 1,000 jobs company-wide in order to reduce the duplicative positions that emerged after it acquired Houston-based Spectra Energy Corp.
Energy Sector Should Lead Job Growth Campaign for Underserved Communities, Minorities
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.
Energy Industry Job Cuts Continue; Schlumberger Shed 16K in 1H2016
The energy industry has lost tens of thousands of jobs since oil prices collapsed in 2014, and while the workforce reductions may have slowed, several companies have reported more layoffs in cost-cutting efforts during recent days.