Mass Layoffs While Executives Make Millions
Mass Layoffs While Executives Make Millions and Companies Go Bankrupt. That's according to oilprice.com
While West Texas plunged into chaos, some shale founders were apparently...
U.S. oilfield shed 9,344 jobs in July – Oilfield Layoffs Report
The U.S. oilfield-services sector shed 9,344 jobs last month, a 43% increase from June’s losses. That pushes the industry’s total job casualties since the...
Oilfield workers are turning to Clean energy for Jobs
Getting out of the Oil and Gas Industry?
Is Joe Biden anti Oil and gas?
What is Joe Biden Energy Policy ? will he end frac as Trump has stated?
Back in 2019 Biden's presidential campaign unveiled a $1.7 trillion...
Oilfield companies will always put the bottom line first
It's all about the profit margins
We live in a capitalist country after all. so we shouldn't be surprised when companies layoff thousands of...
Thousands of oil wells have been shut in
Something that was considered unthinkable in the past is now a reality all across the U.S oilpatch.
Across the Permian Basin that is West Texas...
North Dakota Current Active Drilling Rig Count has Crashed
North Dakota Rig count has crashed compared to last year, and it could get even worse. The Bakken oil field is in freefall, Companies...
Cairn Energy finds a dry well in Gulf of Mexico.
CAIRN Energy has suffered fresh disappointment with the drill bit in the Gulf of Mexico.
Edinburgh-based Cairn told investors yesterday that drilling on the last...
U.S. banks are preparing to start seizing the shale oil assets of companies
U.S. banks are preparing to start seizing the assets of ailing shale oil companies, Reuters reported today.
Major U.S. lenders are preparing to become operators...
Trump – Saudis and Russia will ease pressure on oil
President Donald Trump said Saudis and Russia will ease pressure on oil, ending a price war that has contributed to crude’s massive plunge.
The president...
FED: Third of Americans will be unemployed
Compared to other slowdowns in the Oilfield, Workers today will have a much harder time. Today's Laid off oilfield workers will need to compete...
Oilfield: MADE OVER 99K? NO GOVERNMENT HELP FOR YOU
If your an oilfield worker and made too much to qualify in your last tax filing, you probably won't be eligible for the cash...
Mainstream media is just catching on to the harsh reality of oil
https://www.hellenicshippingnews.com/with-world-running-out-of-storage-crude-oil-prices-in-tailspin.
Global oil prices continue to be in a tailspin amid nationwide lockdowns to stop the coronavirus (COVID-19) pandemic and a deluge of production from...
The U.S Oil industry will see thousands of jobs lost
One of the most painful busts in the history of crude oil happened just six years ago when a sharp price drop cost 200,000...
