Jobs

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 …

Source: Reuters

N. American oil service firms’ pricing and hiring on the upswing

Reuters


As oil climbs above $70 a barrel for the first time in almost three years, oil field firms are reporting prices for their services and equipment have bottomed and many are fielding more calls for jobs.

U.S. crude production, …

Source" Reuters

Exxon, union negotiators to meet over U.S. refinery lockout – official

Reuters


HOUSTON – Negotiators for the United Steelworkers union (USW) and Exxon Mobil Corp will meet on Thursday for the first time since the company locked 650 workers out of its Beaumont, Texas, refinery on May 1, said a union …

Source: Reuters

Exxon expects $200 mln in charges this year for job cuts

Reuters


Exxon Mobil Corp XOM.N expects up to $200 million in charges this year related to job cuts in an era of cost savings, according to a regulatory filing.

The biggest U.S. oil producer has slashed costs, delayed projects and …

Source: klfy.com

Louisiana oil and gas industry in danger after President Biden cancels 80-million-acre oil lease sale

KLFY


LAFAYETTE, La. (KLFY) – Louisiana officials say the state’s oil and gas industry is in danger.

This comes after President Joe Biden cancelled a March oil lease sale in the Gulf of Mexico. Nearly 80 million acres of available …

March 16, 2021 - 11:00 am Closing Bell Story‎, Crude Oil News, Energy News, Jobs, Regulatory
Source: Reuters

Chesapeake Energy cuts 15% of workers as it emerges from bankruptcy

Reuters


U.S. shale oil and gas producer Chesapeake Energy Corp plans to cut 15% of its workforce, an email sent to employees revealed, as it closes on new financing that will allow it to emerge from bankruptcy court protection next …

Source: Reuters

Third of oil and gas workers faced pay cut in 2020 due to pandemic, survey shows

Reuters


LONDON – Almost one in three workers in the oil and gas industry faced pay cuts in 2020, a worldwide survey showed on Tuesday, as the coronavirus crisis drove down fuel demand and prices.

Oil and gas workers are …

January 12, 2021 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, Jobs
Source: Reuters

Biden team close to announcing picks for core climate and energy jobs

Reuters


President-elect Joe Biden is close to announcing a slate of Cabinet nominees who will be central to his administration’s sweeping plan to fight climate change, according to sources familiar with the matter.

For the interior secretary post, Biden appears …

December 16, 2020 - 12:30 pm Climate Change, Closing Bell Story‎, CO2 Capture, Crude Oil News, Jobs
Shell Convent, Louisiana, refinery workers get severance package details – sources

Shell Convent, Louisiana, refinery workers get severance package details – sources

Reuters

Hourly employees at Royal Dutch Shell Plc’s Convent, Louisiana, refinery, scheduled for permanent closure as early as next week, received details this week of the severance package negotiated by their union and Shell, three people familiar with the agreement …

November 28, 2020 - 5:47 am Downstream, Jobs
Norwegian strikes could escalate further

Norwegian strikes could escalate further

argus

Industrial action could result in the closure of more Norwegian oil and gas fields, with Norway’s security personnel union to strike at heliports used for transport to offshore platforms from midnight tonight.

Security guards will begin strike action at …

November 27, 2020 - 10:00 am Closing Bell Story‎, International, Jobs, Offshore, Popular 3
Apache Corp prepared to cut costs if oil prices remain low, CEO says

Apache Corp prepared to cut costs if oil prices remain low, CEO says

Reuters


U.S. oil producer Apache Corp APA.O said on Thursday it plans to keep project spending next year flat or slightly lower than this year’s $1 billion spending rate, as the COVID-19 pandemic continues to slash global oil demand.

 …

Shell reassures workers amid concerns about Covid day rate pay

Shell reassures workers amid concerns about Covid day rate pay

Energy Voice

Shell has moved to reassure offshore workers that they will receive their full day rate, even if they’re forced to return home due to Covid-19 concerns.

Shell has moved to reassure offshore workers that they will receive their …

November 2, 2020 - 5:00 am Crude Oil News, International, Jobs, Offshore
Source: Reuters

Analysis: Biden’s clean-energy ‘revolution’ faces challenge to match fossil-fuel jobs, pay

Reuters


WASHINGTON/NEW YORK  – Democratic presidential nominee Joe Biden, seeking to allay concerns that his plan to fight climate change would harm the economy, has promised a “clean energy revolution that creates millions of unionized middle-class jobs” if he’s elected.…

Source: Reuters

ExxonMobil CEO warns of job cuts coming for employees in US, Canada

Fox Business


ExxonMobil Chairman and CEO Darren Woods warned that job cuts are coming for employees in the U.S. and Canada as part of an ongoing plan announced earlier this year to “redesign work processes and improve cost competitiveness.”

While …

October 22, 2020 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Jobs
Transocean Deepwater plans to lay off as many as 110 workers after the Houston offshore driller could not secure a new contract for one of its drillships amid low oil prices.

Transocean Deepwater plans to lay off as many as 110 workers after the Houston offshore driller could not secure a new contract for one of its drillships amid low oil prices.

Houston Chronicle

Between 50 and 110 working on the Deepwater Asgard, an ultra-deepwater drillship operating in the Gulf of Mexico, will be laid off after its contract ends. Layoffs are expected to begin on Dec. 15, and affected workers will …

Exxon Mobil's campus in The Woodlands.(Gary Coronado / Houston Chronicle)

Exxon Mobil to workers: Job cuts are coming – it’s not going to stop here either

Bloomberg

Oil & Gas 360 Publishers Note: With Exxon and the other major oil companies migrating away from oil and gas production, more layoffs will be coming. New jobs in the renewable markets will not be able to fill all

Source: Reuters

Exclusive: Only a quarter of BP’s 10,000 job cuts to be voluntary

Reuters


LONDON – BP BP.L is set to make around 7,500 compulsory redundancies after roughly 2,500 staff – or just over one in ten of those eligible – applied for voluntary severance, according to an internal memo seen by Reuters …

Norway’s striking labour union, oil firms to meet with mediator

Norway’s striking labour union, oil firms to meet with mediator

off-shore energy

Oil firms and labour officials in Norway will meet on Friday with a state-appointed mediator to try to end a strike threatening to cut output from the country by some 25 per cent.

Six Norwegian offshore fields …

Chevron workers face demands to reapply for jobs under global restructuring

Chevron workers face demands to reapply for jobs under global restructuring

Energyworld


The company took a $1 billion charge to earnings earlier this year to cover severance pay for employees affected by the restructuring. Workers not chosen for new assignments would lose their jobs

HOUSTON/NEW YORK: Chevron Corp employees worldwide are …

October 8, 2020 - 5:51 am Finance, Jobs
The Johan Sverdrup field in the North Sea. (Photo: Arne Reidar Mortensen)

Extended strike could close the Johan Sverdrup field

energy-pedia


Equinor reports that, if the ongoing strike on the Norwegian continental shelf continues until 14 October, the Johan Sverdrup field in the North Sea will have to close production until further notice.

The union Lederne has taken out 43 …

October 7, 2020 - 9:14 pm Exploration and Production (E&P), Jobs, Offshore
Source: CNBC

Fed Chair Powell calls for more help from Congress, says there’s a low risk of ‘overdoing it’

CNBC


Federal Reserve Chairman Jerome Powell called Tuesday for continued aggressive fiscal and monetary stimulus for an economic recovery that he said still has “a long way to go.”

Noting progress made in job creation, goods consumption and business …

October 6, 2020 - 3:00 pm Closing Bell Story‎, Economy, Jobs
Stocks sink as Trump scraps COVID stimulus talks, blasts Pelosi

Stocks sink as Trump scraps COVID stimulus talks, blasts Pelosi

Foxbusiness


Stocks sank after President Trump scrapped stimulus talks while blasting House Speaker Nancy Pelosi’s $2.4 trillion ask which is well above the $1.6 trillion Mnuchin was pushing for.

The Dow Jones Industrial Average fell nearly 400 points or 1.3%, …

October 6, 2020 - 2:30 pm Closing Bell Story‎, Economy, Finance, Jobs, Regulatory