Coronavirus, Consolidation Taking Toll On Energy Jobs
. The shale industry has been hit hard by the pandemic because it is easy for oil firms to cut staff and spending in the sector.Fracking has become a hot-button issue in the U.S. presidential campaign. Democratic challenger Joe Biden wants to limit fracking on federal lands, while incumbent President Donald Trump has pushed for more drilling, and argues Biden's position would destroy jobs.Consolidation is helping drive job cuts. Chevron plans to eliminate roughly 25% of the staff acquired with Noble Energy, which it acquired this month. Shell said its oil output likely peaked last year, and it plans
What does Trump's Presidency Mean for the Power Industry?
Donald Trump has promised numerous changes, many of which impact the sectors that NES Global Talent operates in. Although he has only been in office for 39 days at the time of writing, he has already made numerous policy adjustments. In a recent NES survey, 63% of oil and gas professionals felt Trump’s government will have a positive effect on the oil and gas industry and 64% from the U.S. felt more confident about their job prospects as result, but we also wanted to get an expert opinion on how Trump's government may effect the power market. In this interview, our Technical
