'This could be the one that gets me,' Says Oilfield Service Veteran
struggle to re-hire experienced managers if other sectors rebound first, said Ron Ness, president of the North Dakota Petroleum Council.Career website LinkedIn.com has dozens of goodbye posts from workers with 15- to 30-year careers in the oilfield, many with top firms Schlumberger, Halliburton, and Baker Hughes Inc. More than two dozen tributes appeared recently from mid- to senior-level Schlumberger executives."I'm joining the crowd posting my departure via retirement from Schlumberger after 34-years," Jatinder Kalra, a team leader, wrote in a heartfelt post."It's Armageddon for
US Energy Jobs Rise as Higher Prices Boost Oil Drilling
gas extraction data is available through January. Energy firms cut more than 165,000 jobs over the past two years as they slashed the number of rigs drilling for oil from a peak of 1,609 in October 2014 to a six-year low of 316 in May, according to statistics from Labor and energy logistics firm Baker Hughes Inc.. Those cuts came during the biggest price rout in a generation, in which U.S. crude futures collapsed from over $107 a barrel in June 2014 to around $26 in February 2016 due to a global oil glut and lackluster demand for the fuel. Crude prices have since more than doubled from their February
US Energy Jobs on the Rise
year for hiring in oil and gas here in the United States." Energy firms cut more than 155,000 jobs over the prior two years as they slashed the number of rigs drilling for oil from a record high of 1,609 in October 2014 to a six-year low of 316 in May, according to the BLS data and Baker Hughes Inc's rig count. Those cuts came during the biggest price rout in a generation, in which U.S. crude futures collapsed from over $107 a barrel in June 2014 to around $26 in February 2016 due to a global oil glut and lackluster demand for the fuel. Crude prices have more than doubled
