Oilfield Layoffs

Recent News and Discussions About Oilfield Layoffs

PESA says oilfield job losses exceed 100,000, but layoff rates …

https://www.worldoil.com/news/2020/9/9/pesa-says-oilfield-job-losses-exceed-100-000-but-layoff-rates-are-slowing

PESA says oilfield job losses exceed 100,000, but layoff rates ...
Sep 9, 2020 — America’s oilfield services and equipment lost approximately 2,600 jobs in August, according to preliminary data from the Bureau of Labor …


The oil and gas industry has lost more than 100,000 jobs this …

https://fortune.com/2020/10/05/oil-gas-jobs-transition-climate-coronavirus/

Oct 4, 2020 — It’s the “fastest rate of layoffs in the industry’s history,” the report says—a … production, and oilfield services jobs, Deloitte said.


Oil firms cut hundreds of jobs in Texas and New Mexico as …

https://www.reuters.com/article/us-usa-oil-layoffs/oil-firms-cut-hundreds-of-jobs-in-texas-and-new-mexico-as-prices-crash-idUSKBN2173FN

Mar 20, 2020 — Apache said it would cut 85 people in its Midland office, while oilfield firm FTS International Services said it would lay off 35 workers in …


Fort Worth TX oilfield servicing company may cut 1400 jobs

https://www.star-telegram.com/news/business/article253897638.html

Sep 2, 2021 — A Fort Worth-headquartered oilfield service company suggested it may cut the jobs of about … The layoffs may occur in mid or late October.


Amid Layoffs, Young Oilfield Workers Are Rethinking Their …

Amid Layoffs, Young Oilfield Workers Are Rethinking Their Careers

Jun 24, 2020 — Amid Layoffs , Young Oilfield Workers Are Rethinking Their Careers. The abrupt oil market crash has some workers wondering if a job in the …


Thousands Of Laid-Off Oil Workers Struggle To Start Again

https://www.wwno.org/post/thousands-laid-oil-workers-struggle-start-again

Jan 27, 2021 — But about six years ago, the layoffs started. … a few months back when the oil industry again took a hit from the global pandemic.


Oilfield service companies alert state of more than 250 layoffs

‘The first glance at what’s coming’: Oilfield service companies alert state of more than 250 layoffs

Apr 29, 2020 — Four oilfield service companies have alerted the state of sweeping layoffs at their North Slope operations as the coronavirus crushes demand …


Midland/Odessa Oilfield Workers Laid Off Due to Coronavirus …

https://www.zehllaw.com/coronavirus-permian-basin-texas-new-mexico-oilfield-workers-laid-off/

Our Undefeated Oilfield Accident Lawyers Have Represented Thousands of Oil … Oilfield Workers in Midland, Odessa and Across Permian Basin Face Layoffs as …


Attention Oilfield Workers Effected by Recent Layoffs

https://www.carabinshaw.com/attention-oilfield-workers-effected-by-recent-layoffs.html

Attention Oilfield Workers Effected by Recent Layoffs – San Antonio … provide 60 days advance written notice of a “mass layoff ” to each affected employee.


Layoffs, losses mount as oil industry braces for more

https://www.houstonchronicle.com/business/energy/article/Layoffs-losses-mount-as-oil-industry-braces-for-15222527.php

Apr 24, 2020 — Thousands more oil and gas workers are being laid off as losses mount for an industry that could see drilling activity slashed by 60 percent …


Frequently Asked Questions

Why are oilfield workers being laid off?

The report comes as oil and gas companies are laying off thousands of employees in the face of low oil prices and a weakening outlook for fossil fuel demand amid increasing climate change actions.

What oil companies are laying off?

Of the four posting net increases, three actually eliminated jobs after accounting for their acquisitions of smaller competitors. Half the companies cut more than 10% of their employee headcounts between 2019 and 2021: Exxon Mobil Corp. (XOM), Chevron Corp. (CVX), Pioneer Natural Resources Co.

Is the oilfield coming back?

U.S. production is coming back already, and it’s going to come back more in 2022,” Yergin said. The expected rebound comes after the pandemic caused the largest-ever drop in oil prices in the first few months of 2020.

What is the highest paying job in the oilfield?

The highest paying job in the oil and gas industry is that of a Petroleum Geologist. The average Petroleum Geologist salary in Canada is $161,946 per year. Petroleum geologists search for and discover oil and gas deposits within the earth.

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