Jobs

Source: Reuters

Shell plans to cut 20% of jobs in its M&A unit

Oil Price


The ongoing job cuts at Shell are extending to the team handling mergers and acquisitions for the supermajor as the oil and gas giant is looking to eliminate around 20% of several hundred positions in the M&A unit, …

Source: Oil Price

U.S. firms slow hiring for ESG roles

Oil Price


The American bubble of hiring managers in environmental, social, and governance roles is starting to bust amid pressures for firms to cut costs and backlash from investors against ESG.

The number of departures in ESG roles exceeded arrivals …

Source: Reuters

Shell extends job cuts as CEO seeks to trim costs

World Oil


(Bloomberg) — Shell Plc has begun cutting jobs beyond previously announced reductions in its low-carbon division as CEO Wael Sawan seeks to trim costs and be more competitive with U.S. rivals, people familiar with the matter said.

Roles …

Source: World Oil

Oil worker wages hit U.S record amidst slowing shale activity

World Oil


(Bloomberg) –Wages for U.S. oil workers climbed for a third straight month, setting a fresh record as paychecks prove resilient amid slowing shale activity. Average hourly earnings for front-line oil-and-gas workers rose 0.9% in September from the previous …

Source: World Oil

API: EPA’s proposed NAAQS revisions “jeopardize” American jobs, risk “substantial” economic harm

World Oil


(WO) — The American Petroleum Institute (API) joined with over 70 other trade groups representing diverse businesses across the economy in urging the Biden administration to maintain the existing National Ambient Air Quality Standards (NAAQS) for fine particulate …

November 2, 2023 - 3:30 pm Closing Bell Story‎, Crude Oil News, Economy, Jobs, People, Regulatory
Source: Reuters

Exxon CEO to save $2 billion with Pioneer purchase with minimal job cuts

World Oil


(Bloomberg) – Exxon Mobil Corp. expects to trim annual costs by about $2 billion as it integrates the $60 billion purchase of Pioneer Natural Resources Co., said Chief Executive Officer Darren Woods.

About two-thirds of the savings will …

Energy workforce “most resilient” industry in nation as jobs continue slow but steady climb

Energy workforce “most resilient” industry in nation as jobs continue slow but steady climb

World Oil


(WO) — The United States added 838 jobs in September, according to preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to August numbers and analysis by the Energy Workforce & Technology Council. While updated numbers …

Source: Reuters

Canada’s TC Energy laying off staff

BOE Report


Canada’s TC Energy is cutting some jobs to “optimize value” a company spokesperson said on Tuesday, without giving details of how many positions have been impacted.

News of the job cuts at TC Energy comes a week after …

Source: Reuters

Suncor to cut 1,500 jobs by end of year – report

Nasdaq


Canada’s second-biggest oil producer Suncor Energy Inc will cut 1,500 jobs by the end of this year, aiming to reduce costs and improve its financial performance, the Globe and Mail reported on Thursday, citing details from the Canadian Press.…

Source: World Oil

Energy Workforce: U.S. oilfield employment increased to highest levels since March 2020

World Oil


(WO) — Employment in the U.S. oilfield services and equipment sector increased by 5,143 jobs to its highest level since March of 2020 to reach 662,454 in April, according to preliminary data from the Bureau of Labor Statistics …

Source: Reuters

Energy Workforce: President Biden’s fiscal budget threatens energy security, increases costs

World Oil


(WO) – Energy Workforce & Technology Council President Tim Tarpley released the following statement regarding President Biden’s fiscal 2024 budget proposal:

 

“President Biden is again targeting America’s oil and gas producers in his fiscal 2024 budget proposal. …

March 10, 2023 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Jobs, People
Source: CNBC

Oil falls as strong U.S. jobs data prompt interest rate concerns

CNBC


Oil prices fell on Friday in a volatile session, after strong U.S. jobs data raised concerns about higher interest rates and as investors sought more clarity on the imminent EU embargo on Russian refined products.

Brent crude futures fell …

February 3, 2023 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Jobs
Source: Bloomberg

U.S. shale workers’ pay growth slows as explorers reduce oilfield activity

World Oil


(Bloomberg) — Monthly wage growth in the U.S. shale patch slowed to less than 1% in November as explorers pulled back activity to manage record costs in the oilfield.

 

Average hourly earnings in oil and gas extraction …

Source: Bloomberg

US shale-patch jobless rate shows labor-market tightness endures

World Oil


(Bloomberg) — The short supply of labor in the US oil patch has plagued exploration and production companies all year, and the tightness continues.

While the sector’s unemployment rate jumped to 3.1% in November from 0.8% in the …

Source: World Oil

Shale patch unemployment plummets as US explorers vie for crews

World Oil


(Bloomberg) – Unemployment in the US oil industry plummeted to one of the lowest levels on record as shale explorers scramble for workers to keep production flowing.

 

The jobless rate fell to 0.8% in October from 2.5%

Source: WOrld Oil

Oilfield jobs increase, employment gains tapered, as sector reaches closer to pre-pandemic levels

World Oil


Employment in the U.S. oilfield services, and equipment sector rose by an estimated 2,566 jobs to 640,767 in September, according to preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to August numbers and analysis by …

Source: Reuters

Shale drillers struggle to find workers as unemployment dropped last month

Yahoo Finance


The job market in the US shale patch is showing further tightness as drillers struggle to find enough workers to meet output targets this year, according to a Labor Department report released Friday.

 

The unemployment rate fell …

Source: World Oil

API releases video urging Biden to tour American energy sites

World Oil


WASHINGTON – As President Biden prepares to meet with Saudi officials on Friday, the American Petroleum Institute (API) released a new video once again inviting the president to visit American energy sites and support the American producers who …

July 14, 2022 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Jobs, People
Source: World Oil

Oilfield services jobs rise again for eight straight months of growth

World Oil


Employment in the U.S. oilfield services and equipment sector rose by an estimated 4,999 jobs to 633,198 in June, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology …

Source: World Oil

Oilfield employment continues to rise as overall U.S. labor market gains

World Oil


Employment in the U.S. oilfield services, and equipment sector rose by an estimated 4,774 jobs to 628,793 in May, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology …

Source: World Oil

U.S. oilfield sector jobs rise in March – Energy Workforce & Technology Council

World Oil


Employment in the U.S. oilfield services and equipment sector rose by an estimated 2,698 jobs to 608,702 in March, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology …

Source: World Oil

Oilfield employment climbed in December despite cooling U.S. job market

World Oil


HOUSTON – Employment in the U.S. oilfield services and equipment sector rose by an estimated 7,450 jobs in December, despite the slow hiring in overall U.S. jobs, according to preliminary data from the Bureau of Labor Statistics (BLS) …

Source: Reuters

Exxon workers begin a vote on union’s future at Texas refinery

Nasdaq


HOUSTON, Nov 15 – Workers locked out of their jobs at an Exxon Mobil XOM.N oil refinery this week begin casting ballots in a vote that will decide the fate of the United Steelworkers union (USW) at their Texas …

November 15, 2021 - 2:30 pm Closing Bell Story‎, Crude Oil News, Downstream, Energy News, Jobs, People
Source: Reuters

Exxon CEO weighs higher pay to combat employee exodus

World Oil


HOUSTON (Bloomberg) –Exxon Mobil Corp. is weighing salary increases as it tries to halt employee attrition across its business divisions after sweeping job and benefit cuts.

Chief Executive Officer Darren Woods told employees at a town hall-style meeting …

Source: Reuters

Locked-out Texas refinery workers to vote on Exxon contract proposal -union

Reuters


HOUSTON – Workers locked out of their jobs at a Beaumont, Texas, refinery for nearly six months by Exxon Mobil Corp will vote on the company’s latest contract proposal, a United Steelworkers’ union official said on Monday night.

The …

October 12, 2021 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Jobs, People
Source: Reuters

Basic Energy Services to cut nearly 500 Texas jobs following bankruptcy

Reuters


Oilfield services provider Basic Energy Services will cut about 500 jobs in Texas, according to a filing with the state’s workforce commission, as the company works through Chapter 11 restructuring that includes asset sales.

The job cuts are focused …

August 30, 2021 - 9:30 am Bankruptcy, Closing Bell Story‎, Crude Oil News, Energy News, Jobs
Source: Reuters

U.S. energy firms launching employee COVID-19 vaccination mandates

Reuters


U.S. energy companies are moving to require that employees receive COVID-19 vaccinations as infection rates rise across the United States and energy workers, according to health surveys, remain among those most reluctant to get inoculations.

Calls to require vaccinations …

August 23, 2021 - 9:30 am Closing Bell Story‎, Crude Oil News, Energy News, Jobs
Source: Houston Chronicle

Oilfield service sector added jobs for fifth straight month in July

World Oil


America’s energy technology and services sector added an estimated 6,082 jobs in July, a fifth straight month of growth, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology …

Source: Reuters

St. Paul Park union approves Marathon’s contract, ending work stoppage

Reuters


Unionized workers will return to work at a Minnesota refinery next week after reaching a six-year contract agreement with Marathon Petroleum that ends a months-long work stoppage, the union said on Thursday.

Teamsters Local 120 in St. Paul Park, …

Source: Forbes

Morgan Stanley chief to bankers: If you want NYC salary, you need to be in NYC

New York Post


Morgan Stanley’s top boss issued a stern warning to his staff Monday — come back to the office by Labor Day, or face a pay cut.

“Make no mistake about it. We do our work inside Morgan …