Thursday, May 29, 2025
Morgan Stanley chief to bankers: If you want NYC salary, you need to be in NYC- oil and gas 360

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 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

N. American oil service firms' pricing and hiring on the upswing- oil and gas 360

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, which plummeted during the coronavirus pandemic, is ticking back up, despite generally flat spending by oil and gas producers. U.S.

Exxon, union negotiators to meet over U.S. refinery lockout - official- oil and gas 360

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 official on Wednesday. “We will be trying to resolve the open issues,” said USW Staff Representative Hoot Landry. Exxon did

Exxon expects $200 mln in charges this year for job cuts- oil and gas 360

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 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

Chesapeake Energy cuts 15% of workers as it emerges from bankruptcy- oil and gas 360

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 week. Once the second-largest U.S. natural gas producer, Chesapeake was felled by a long slide in gas prices. The company

Third of oil and gas workers faced pay cut in 2020 due to pandemic, survey shows- oil and gas 360

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 still among the highest paid in the world, but a majority of those questioned said they felt less secure about

Biden team close to announcing picks for core climate and energy jobs- oil and gas 360

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 to favor U.S. Representative Deb Haaland of New Mexico, three informed sources said, a pick, that if confirmed by the

Shell - Oil & Gas 360

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 said on Friday. Shell said on Nov. 5 it was closing the refinery after failing to find a buyer for

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 heliports at midnight local time tonight, the Norwegian Confederation of Trade Unions has said. This is in addition to the

Apache Corp prepared to cut costs if oil prices remain low, CEO says- oil and gas 360

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.   The company has two hydraulic fracturing crews in the Permian Basin shale field to work on wells that have been drilled already

Shell reassures workers amid concerns about Covid day rate pay -oilandgas360

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 full day rate, even if they’re forced to return home due to Covid-19 concerns. Unions have expressed fears in recent