(Investing) – HOUSTON -The world’s energy industry leaders meet in Houston next week as plummeting oil prices push Big Oil to slash thousands of jobs even as a pro-fossil fuel U.S. administration encourages them to pump more. U.S. President Donald Trump’s first 47 days in office have been marked by a rapid overhaul of government and policy, including mass layoffs and
Reuters LONDON – Global oil supplies may be 6% less than expected by 2030 because of delays to investments by energy companies in response to falling crude prices due to the coronavirus crisis, data from energy analysts at Rystad showed. Oil and gas companies across the world have slashed investment budgets, exiting projects or delaying bringing them onstream to counter
From The Houston Chronicle Houston oilfield service company National Oilwell Varco reported a multibillion loss during the second quarter amid what executives are calling a “generational oilfield downturn.” NOV reported a nearly $5.39 billion loss on $2.13 billion of revenue during the second quarter. The figures translated into a $14.11 loss per share. The second quarter earnings were mixed compared
From Houston Chronicle Oil and gas companies in Texas added 2,400 exploration and production jobs in October, marking 23 consecutive months of job growth, according to the Texas Oil & Gas Association. The association, citing data from the Texas Workforce Commission, reported on Tuesday that Texas has recovered 49 percent of the jobs it lost between peak employment in December
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