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Oilfield Service Companies Cut Jobs, Brace for Bankruptcies
2020-04-07 23:30:00| OGI
Eight oilfield service providers, with a total of $10.9 billion in debt, have filed for bankruptcy this year, including three since prices fell to $20 a barrel in early March.
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Oil Companies Cut Hundreds of Jobs in Texas, New Mexico
2020-03-23 10:10:00| OGI
Apache said it would cut 85 people in its Midland, Texas office, while oilfield firm FTS International said it would lay off 35 workers in Fort Worth, Texas and 85 workers in Hobbs, N.M.
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As oil plunges, energy companies cut jobs, postpone projects
2016-01-12 22:20:37| Oil & Gas - Topix.net
The world's biggest oil companies are slashing jobs and backing off major invest... . In this Wednesday, Nov. 25, 2015, photo, Cornelio Bonilla pumps gas at Best Food Mart gas station in Gainesville Ga.
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As oil plunges, energy companies cut jobs, postpone projects
2016-01-12 22:20:36| Oil & Gas - Topix.net
The world's biggest oil companies are slashing jobs and backing off major investments as the price of crude falls to new lows - and there may be more pain to come. Companies like BP, which said Tuesday it is cutting 4,000 jobs, are slimming down to cope with the slump in oil, whose price has plummeted to its lowest level in 12 years and is not expected to recover significantly for months, possibly years.
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As oil plunges, energy companies cut jobs, postpone projects
2016-01-12 22:20:35| Oil & Gas - Topix.net
This Thursday, Jan. 15, 2015 file photo shows a BP logo outside a petrol station in the town of Bletchley in Buckinghamshire, England. The world's biggest oil companies are slashing jobs and backing off major investments as the price of crude keeps falling - and it may be just the beginning.
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