US Energy Jobs Rise as Higher Prices Boost Oil Drilling
, while oil and 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
Peterson Hires Regional Director
International energy logistics company Peterson has strengthened its leadership team with the appointment of Chris Coull as regional director. Coull is the latest in a string of senior appointments by the company this year as it continues to extend its leadership team to support growth and development of its offering as well as international expansion, the company said. He brings more than 15 years of experience and expertise in supply base, warehouse, quayside and environmental management which will support the company as it continues to innovate against a low oil price environment.