Post Tagged with: "Jobs"

Sourcee: Reuters

‘Like watching a train wreck’: The coronavirus effect on North Dakota shale oilfields

Reuters


NEW YORK (Reuters) – Oil executive Bill Kent was with fellow managers in the Colorado board room of Resource Energy headquarters on April 20 when benchmark U.S. crude prices collapsed to minus $37 a barrel. Sitting six feet apart …

Source: CNBC

The US wind industry installed over 1,800 megawatts in first quarter, but the coronavirus remains a risk

CNBC


The first quarter of 2020 saw the U.S. wind industry install more than 1,800 megawatts (MW) of new capacity, a report from the American Wind Energy Association (AWEA) has revealed.

According to the AWEA’s report, 11 new projects with

Source: CNBC

Parsley Energy CEO says Texas must cut oil production, which hasn’t happened since the 1970s

CNBC


Parsley Energy CEO Matt Gallagher on Wednesday told CNBC’s Jim Cramer that the state of Texas must issue an oil production cut, or risk putting almost 1 million jobs across the country in jeopardy.

“My stance is if we …

Source: Houston Chronicle

Oil pain spreads beyond Permian to small towns across America

Houston Chronicle


The oil market turmoil sparked by Saudi Arabia and Russia is threatening U.S. jobs even in Cut Bank, Montana, and Magnolia, Arkansas — relatively obscure communities in the world of energy.

In such places, mom-and-pop outfits run so-called …

Texas Shale Towns Grapple with Growth as Oil-Bust Fears Fade

Texas Shale Towns Grapple with Growth as Oil-Bust Fears Fade

From Reuters


In west Texas, the center of the U.S. oil boom, about 3,800 students at Permian High School are crammed into a campus designed for 2,500, with 20 portable buildings to help with the overflow.

School officials had expected …

Glut of Unemployed Petroleum Engineers, Geologists Shrinks by 12.5% – Report

Glut of Unemployed Petroleum Engineers, Geologists Shrinks by 12.5% – Report

Oil hiring swells in Texas, U.S. oilpatch

Oil prices reached their highest point since December 2014 and companies in the oil and gas industry are hiring accordingly as activity in the industry picks up.

LinkedIn’s workforce report for June details …

Texas Oil and Gas Employment at Highest Level Since 2015

Texas Oil and Gas Employment at Highest Level Since 2015

The oil and gas sector in Texas remained strong through March according to the Dallas Fed’s new report. Prices for WTI crude oil rose slightly in March, staying close to $63 per barrel and oil production in the Permian Basin …

Tectonic Shift Rumbling Across Southeast NM Oil Patch

Tectonic Shift Rumbling Across Southeast NM Oil Patch

From the Albuquerque Journal

Hundreds of small, independent producers might soon be swallowed up by today’s unprecedented oil and gas boom in southeastern New Mexico.

As industry titans like ExxonMobil and Concho Resources pump billions of dollars into previously untapped …

April 16, 2018 - 1:37 pm Closing Bell Story‎, Energy News
Half of Today’s Jobs Could Be Automated Right Now – In 50 Years It’ll Likely Be All Jobs: Expert

Half of Today’s Jobs Could Be Automated Right Now – In 50 Years It’ll Likely Be All Jobs: Expert

Artificial intelligence as smart as humans will lead to “super intelligent” technology that will outperform human beings

From MarketWatch

WASHINGTON – It is no longer in question whether all jobs will be automated, the chair of the Institute for New …

April 13, 2018 - 10:13 am Closing Bell Story‎, Energy News, Jobs
Total and Aramco will Build a $9 Billion Petrochem Complex Next Door to SATORP Refinery

Total and Aramco will Build a $9 Billion Petrochem Complex Next Door to SATORP Refinery

Saudi Aramco and Total (ticker: TOT) have signed a memorandum of understanding to build a giant petrochemical complex in Jubail, Saudi Arabia.

Located next to the SATORP refinery in the same industrial area, the complex will comprise a mixed-feed steam …

Frac Provider Liberty Oilfield Services Earns $130 Million in 2017

Frac Provider Liberty Oilfield Services Earns $130 Million in 2017

Liberty added 1,000 new employees in 2017, ordered two additional frac fleets to be delivered in Q3, Q4 2018

Newly public Liberty Oilfield Services Inc. (ticker: LBRT) earned $45 million, or $0.30 per share in Q4 2017.

For the full …

U.S. Jobs Report: Smallest Gain since 2010

U.S. Jobs Report: Smallest Gain since 2010

The Bureau of Labor Statistics released the June report on unemployment today. Unemployment fell from 5.0% to 4.7% and the economy added only 38,000 jobs in May. The job gain was the lowest since 2010.

In the last few years, …

June 3, 2016 - 5:18 pm Closing Bell Story‎, Jobs, Oil and Gas 360 Articles
Donald J. Trump’s Energy Policy

Donald J. Trump’s Energy Policy

Trump’s energy message is job-focused; presumed Republican candidate says he intends to remove barriers that block the development of America’s energy resources

In a campaign speech in North Dakota last week, presumed Republican presidential nominee and real estate developer Donald …

LNG Bill Could Add 45,000 Jobs as soon as 2018

LNG Bill Could Add 45,000 Jobs as soon as 2018

In late January the U.S. House of Representatives approved H.R. 351, the LNG Permitting Certainty and Transparency Act. The bill was designed to accelerate the approvals of U.S. liquefied natural gas (LNG) exports.

Rep. Bill Johnson (R-OH), Energy and Commerce …

Wind Sector Job Boom Could Offer Shelter to Displaced Oil & Gas Employees

Wind Sector Job Boom Could Offer Shelter to Displaced Oil & Gas Employees

88,000 Wind Jobs and Hiring

It may not be anywhere close to the size of the oil and gas industry, but the wind industry has been on a hiring binge of late.

The wind sector supported 88,000 jobs at the …

April 15, 2016 - 10:46 am Closing Bell Story‎, Jobs, Oil and Gas 360 Articles
Oil & Gas Jobs: Who is Hiring?

Oil & Gas Jobs: Who is Hiring?

Inspections are a Critical Link to Safety

There are critical positions that need to be filled in the energy sector, even in a downcycle. One growing area in oil and gas jobs is the need for qualified inspectors for oil …

Job Openings for 60 Pipeline Inspectors

Job Openings for 60 Pipeline Inspectors

60 Natural Gas Pipeline Inspectors Needed

Energy Experts International is currently seeking to fill multiple job openings for Natural Gas Pipeline Inspectors with journeyman experience. The work location will be in Northern and Central California and is expected to start …

March 30, 2016 - 4:57 pm Oil & Gas Jobs
U.S. Unemployment Falls Below 5%

U.S. Unemployment Falls Below 5%

U.S. unemployment continues to drop while oil and gas industry sheds jobs

The U.S. economy added 151,000 jobs in January, according to the latest release from the Bureau of Labor Statistics. The additional jobs pushed unemployment below the 5% …

February 5, 2016 - 4:12 pm Closing Bell Story‎, Oil and Gas 360 Articles
U.S. Sees Second Best Year of Jobs Growth Since 1999

U.S. Sees Second Best Year of Jobs Growth Since 1999

U.S. economy adds 292,000 jobs in December

292,000 new jobs were added to the U.S. economy in December, according to information from the Bureau of Labor Statistics. Most of the added jobs came from construction, health care and business …

January 8, 2016 - 5:19 pm Closing Bell Story‎, Oil and Gas 360 Articles
U.S. Economy Adds 211,000 Jobs in November

U.S. Economy Adds 211,000 Jobs in November

The Bureau of Labor Statistics (BLS) reported strong November jobs growth today ahead of the Federal Reserve’s December meeting. The U.S. economy added 211,000 jobs in the month of November, according to the BLS, adding to the possibility that …

December 4, 2015 - 6:06 pm Closing Bell Story‎, Oil and Gas 360 Articles
Hydraulic Fracturing Lowered Unemployment 0.5% During the Great Recession

Hydraulic Fracturing Lowered Unemployment 0.5% During the Great Recession

Study finds hydraulic fracturing added 725,000 jobs during the Great Recession

The energy boom brought on by hydraulic fracturing helped to soften the blow from the Great Recession, a new study conducting by the National Bureau of Economic Research found. …

OPEC a Year Later: Oil & Gas Employment Down 5%

OPEC a Year Later: Oil & Gas Employment Down 5%

U.S. oil and gas employment declines following OPEC decision

The oil and gas industry was thrown for a loop nearly a year ago when OPEC made a decision on Thanksgiving Day of last year to defer from its traditional role …

November 4, 2015 - 4:15 pm Oil and Gas 360 Articles, OPEC
Fed Maintains Rates in a 9-1 Vote

Fed Maintains Rates in a 9-1 Vote

The Federal Reserve decided to stand pat following its two-day October meeting

The U.S. Federal Reserve today decided to maintain rates near zero, leaving them unchanged since 2008. The Fed did announce that it is open to raising rates at …

October 28, 2015 - 5:15 pm Commodity Pricing, Oil and Gas 360 Articles
Weak Jobs Data Could Push Fed Hike to 2016

Weak Jobs Data Could Push Fed Hike to 2016

U.S. economy adds 142,000 jobs, but mining continues to see losses

Jobs data from the Bureau of Labor Statistics came in weaker than expected for September today, sending the U.S. 10-year bond and oil prices down. The economy created an …

October 2, 2015 - 3:09 pm Finance, Oil and Gas 360 Articles
Tough Times or Not, Oil & Gas Fuels America:  Employment is Critical

Tough Times or Not, Oil & Gas Fuels America: Employment is Critical

Employment is critical. Energy producers and service companies may be going through turbulent times as a result of the present oil price decline, but the industry isn’t going anywhere anytime soon. Here’s why:

Four commodities provide almost 90% of the

September 18, 2015 - 6:56 pm Oil and Gas 360 Articles
Shale Industry Brings Millions of Hours of Paychecks to Ohio Workers

Shale Industry Brings Millions of Hours of Paychecks to Ohio Workers

 “The shale industry is hiring local workforce—that’s going to keep the money in the community…”

Building pipelines to support the shale industry has contributed over one million working hours so far in 2015 for laborers in Ohio, according to the …

June 22, 2015 - 4:17 pm Midstream, Oil and Gas 360 Articles
Demand for Skilled Workers in Petrochemicals Expected to Peak in 2016

Demand for Skilled Workers in Petrochemicals Expected to Peak in 2016

Petrochemicals will need in excess of 150 thousand skilled workers by next April

Demand for skilled labor in the U.S. chemicals industry is expected to peak in April 2016, according to Daniel Groves, workforce director at the construction Users Roundtable …

May 29, 2015 - 1:35 pm Downstream, Oil and Gas 360 Articles
Shale Gas Creating Renaissance in U.S. Plastics Manufacturing

Shale Gas Creating Renaissance in U.S. Plastics Manufacturing

Shale gas is making U.S. plastic manufacturing competitive globally

The shale gas revolution is bringing plastic manufacturing back to the United States and making U.S. refiners more competitive globally, reports the American Chemistry Council (ACC). Due largely to plentiful and …

May 14, 2015 - 12:46 pm Downstream, Oil and Gas 360 Articles
Labor Markets Add Over 200,000 Jobs in April

Labor Markets Add Over 200,000 Jobs in April

New information from the BLS shows unemployment down 0.1% from last month

The Bureau of Labor Statistics showed unemployment down to 5.4% for the month of April, further decreasing the number of unemployed adults in the workforce. The labor markets …

May 8, 2015 - 12:05 pm Oil and Gas 360 Articles
1.3 Million New U.S. Oil & Gas Jobs by 2030:  API

1.3 Million New U.S. Oil & Gas Jobs by 2030:  API

The Energy and Commerce Committee of the U.S. House of Representatives put out press releases Wednesday promoting the jobs aspect of the energy revolution. In his news release, Chairman Fred Upton referred to the American Petroleum Institute’s new reportthat …

September 11, 2014 - 6:08 pm Oil and Gas 360 Articles, Oilfield Services