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 Stanley offices, and that’s where we teach, that’s where our interns learn, that’s how we develop people,” Chief Executive James Gorman said
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, which plummeted during the coronavirus pandemic, is ticking back up, despite generally flat spending by oil and gas producers. U.S.
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 official on Wednesday. “We will be trying to resolve the open issues,” said USW Staff Representative Hoot Landry. Exxon did
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 said it could trim an estimated 14,000 employees globally, or 15%, including contractors. Exxon reported its first annual loss last year as the COVID-19
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 leases would have been sold this week. The damage to Louisiana’s oil and gas companies started in January when President
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 week. Once the second-largest U.S. natural gas producer, Chesapeake was felled by a long slide in gas prices. The company
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 still among the highest paid in the world, but a majority of those questioned said they felt less secure about
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 to favor U.S. Representative Deb Haaland of New Mexico, three informed sources said, a pick, that if confirmed by the
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 said on Friday. Shell said on Nov. 5 it was closing the refinery after failing to find a buyer for
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 heliports at midnight local time tonight, the Norwegian Confederation of Trade Unions has said. This is in addition to the
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. The company has two hydraulic fracturing crews in the Permian Basin shale field to work on wells that have been drilled already
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 full day rate, even if they’re forced to return home due to Covid-19 concerns. Unions have expressed fears in recent
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
