In 2017, we’ve already seen OPEC cut oil production, a ramp up of activity in hot spots such as the Permian and a slightly positive shift in overall sentiment of the oil and gas industry. And while industry employment has steadied, many of the some odd 440,000 laid off workers are wondering when the faucet on hiring will be… Read more »
Posts Categorized: Uncategorized
Wood Group Aims to Grow Employment in Long-Term Following Amec Deal
Oilfield services company Wood Group has refused to provide any detail on potential job losses as a result of its decision to buy Amec Foster Wheeler, but insisted that its aim was on growing employment in the long term. “Our focus is on growth and creating employment opportunities in the longer term,” a Wood Group… Read more »
Oil, Gas Job Recovery Much Slower Than Industry Rig Count, Spending Growth
The U.S. rig count has almost doubled during the last 10 months and upstream spending is on track to increase up to 30 percent this year – but the workforce recovery is traveling at a much slower step. More rigs are back to work based on shale’s quick development cycle, minimal geological risk and producers’… Read more »
EPA Hit Hardest As Trump Budget Targets Regulation
WASHINGTON, March 16 (Reuters) – President Donald Trump’s administration on Thursday proposed a 31 percent cut to the Environmental Protection Agency’s budget, as the White House seeks to eliminate climate change programs and trim initiatives to protect air and water quality. The White House’s proposed 2018 EPA budget, with the biggest proposed cut for any… Read more »
Facilities Ops Specialists in Demand in Middle East
Like other regions with a significant oil and gas industry presence, the Middle East has witnessed its share of headcount reductions in recent years. Nevertheless, one can still find robust pockets of oil and gas employment opportunities in the region, according to a UK-based energy consultancy. “Despite many oil and gas professionals being out of… Read more »
Wood Group Buys Amec Foster For $2.7B To Target Oil Upturn Benefits
March 13 (Reuters) – Oil services company Wood Group has agreed to buy rival Amec Foster Wheeler for 2.2 billion pounds ($2.7 billion), seeking rewards from the fast-growing U.S. shale energy sector. Wood Group, a 35-year old company based in the Scottish city of Aberdeen, grew out of helping companies in the now declining North… Read more »
Total Starts Up Moho Nord Deep Offshore Project
Total has started up production from the Moho Nord deep offshore project, located offshore the Republic of the Congo. Operated by Total, the project has a production capacity of 100,000 barrels of oil equivalent per day, according to a company statement. “Moho Nord is the biggest oil development to date in the Republic of the… Read more »
Repsol Makes ‘Largest US Onshore Discovery in 30 Years’
Repsol and partner Armstrong Energy stated that they have made the largest U.S. onshore conventional hydrocarbons discovery in 30 years. The Horseshoe-1 and 1A wells drilled during the 2016-2017 winter campaign confirm the Nanushuk play as a significant emerging play in Alaska’s North Slope, Repsol said in a company statement. Contingent resources identified with the… Read more »
Amec Foster Wheeler Looking for Graduates in the UK
Amec Foster Wheeler revealed Tuesday that it is currently recruiting graduates in a number of disciplines in its Reading office in the UK. The oilfield services firm has encouraged the next generation of oil and gas workers to apply for mechanical engineering, electrical engineering, project control, quantity surveying, estimating and technical safety, health… Read more »
Trump Tax Cut May Save Oil Explorers $10 Billion, Boost Drilling
(Bloomberg) — The Trump administration’s plan to slash corporate tax rates could free up more than $10 billion a year for U.S. oil explorers, opening new opportunities to boost drilling at a time of uncertainty in the marketplace. Crude prices in New York have fallen 10 percent since the end of 2016 as added drilling… Read more »
