Power plants could switch out of coal and into natural gas during the 2010s, but they won’t be able to switch out of natural gas and back into coal during the 2020s. Can you share more about this? A dozen companies reported laying off 1,269 people starting in mid-March, according to the reports filed with the state under the federal Worker Adjustment and Retraining Notification Act. Not for a second. Layoffs in the oil and gas sector sparked by the last oil-price plunge in 2014 contributed to the Alaska recession that ended last year. Press question mark to learn the rest of the keyboard shortcuts. Eqt layoffs reddit (NYSE: ZAYO) to sell itself to two private investment groups for. Share on Reddit.
More posts from the oilandgasworkers community. Reach him at 907-257-4317 or alex@adn.com. If crude falls to $35 a barrel, 97 percent of jobs may not return by the end of next year. Press J to jump to the feed. Exxon Mobil plans to lay off an unspecified number of employees in response to the coronavirus-driven oil bust. Alex DeMarban is a longtime Alaska journalist who covers business, the oil and gas industries and general assignments. I've had a few offers to go back, but nothing has been lucrative enough. Even if crude prices claw its way back to $45 per barrel, Deloitte estimates 70 percent of oil and gas jobs lost during the pandemic may not return by the end of 2021. Facebook Twitter Email LinkedIn Reddit Pinterest. Neal Fried, an economist with the Alaska Department of Labor and Workforce Development, said this time, the initial losses are spread across the full economy. Second time I worked as a facilities engineer for a major working on offplot steam systems for five years. Worked my way up as a landman and finally got laid off in 2016. Me. r/oilandgasworkers: From roughnecks to refinery engineers and everyone in between, a place to share knowledge, news, and make connections. Facebook Twitter Email LinkedIn Reddit Pinterest. South, Spenard and Benihana said they hope to rehire employees when that’s possible. Is there a specific region or country that you'd like to mention? Press question mark to learn the rest of the keyboard shortcuts. I’ve been a valuable asset to my dept. I found my way into construction and now I’m actually a construction superintendent with TESLA. Press question mark to learn the rest of the keyboard shortcuts. BP plans to lay off 10,000 workers globally by the end of the year, and Exxon is undertaking a country-by-country review that may result in layoffs. The layoffs are expected to be permanent, the four oil field service companies said. Just a fair warning, this website is not really anonymous. My coordinator texted me today, he thought Im still working and needing days off. So far, I’ve made it through 7 rounds of layoffs in the past 4 years. A little more than half of oil and gas workers surveyed by the University of Houston said they were concerned about job security.
That's bad news for Houston. Drilling and oil-field services companies operating in Texas employed 162,350 workers in June, about half of the 297,100 workers at their peak of employment in December 2014, according to the Texas Alliance of Energy Producers. From roughnecks to refinery engineers and everyone in between, a place to share knowledge, news, and make connections. Starting last February, i started hunting for a job. The report comes as oil and gas companies are laying off thousands of employees in the face of low oil prices and a weakening outlook for fossil fuel demand amid increasing climate change actions. ... and Exxon is undertaking a country-by-country review that may result in layoffs. About 107,000 oil, gas and petrochemical workers -- or about 7 percent of the 1.5 million employed in the industry nationally -- have been laid off between March and August, according to a new report published this week by global consulting firm Deloitte. You people need to calm the fuck down.
After bspe, got into msme and transferred into ms computational engineering. The median age of oil and gas workers is 44, according to Deloitte. I transitioned from Derrickhand to independent landman in 2014. I walked away from it due to safety concerns (I did not expect to live past 30 and I was in my mid 20’s). The oil industry saw yet another week of bankruptcies and layoffs, with oil majors cutting even more jobs and debt overwhelming shale drillers due to low oil prices. Facebook Twitter Email LinkedIn Reddit Pinterest. New comments cannot be posted and votes cannot be cast, More posts from the oilandgasworkers community. [BP Alaska says $5.6 billion deal with Hilcorp will be completed despite oil market tumult]. Hearing that massive layoffs in oil patch is going to hit right after Christmas. Reddit; Premium Content.
I know a PetE who works at Google now, but don’t really know his story. [Because of a high volume of comments requiring moderation, we are temporarily disabling comments on many of our articles so editors can focus on the coronavirus crisis and other coverage. One thing for sure coming out of this, I'm done with the oil industry. By using our Services or clicking I agree, you agree to our use of cookies. HITTING BOTTOM: Oil and gas production jobs in Texas could hit bottom this fall. The global pandemic, which plunged demand for crude and petroleum products such as gasoline and jet fuel, has led to the fastest layoffs in the oil and gas industry’s history. I considered diving into data analytics/data science and pivoting into the tech industry but decided to stick it out in PE. r/Lowes: This subreddit is dedicated to to topic of Lowe's and is not specific for customers or employees. The restaurant group that owns South Restaurant and Spenard Roadhouse had previously said it was laying off employees in early April. The 34 shale oil and gas producers in the IEEFA study spent $3.3bn more on drilling and other projects during the second quarter than they earned by selling oil and gas, the sector’s worst performance in years, the institute said in a report. Transitioned to similar land & title work in the mortgage industry immediately after and have been at the same place ever since. From roughnecks to refinery engineers and everyone in between, a place to share knowledge, news, and make connections. Economists say he inherited it. Transitioned to similar land & title work in the mortgage industry immediately after and have been at the same place ever since. Houston oil … In an optimistic scenario where oil prices jump to pre-pandemic levels of $55 a barrel, a third of the jobs lost may not return next year. I just walked out after being told I was written up for not finishing all of the IRP’s in my dept. Yes they laid off many non union workers in Chalmette, La. The oil industry is consolidating. [No hard-and-fast deadline for next phase of reopening Alaska’s economy, governor says]. US oil and gas industry lost 107,000 jobs in the pandemic. Baker Hughes cut 13,000. Advance voting sets new records as Alaska nears 100,000 ballots cast. All rights reserved. Good fun times. I transitioned from Derrickhand to independent landman in 2014. Next winter in the North Slope oil fields, however, could be difficult, he said. Any advice or tips? I graduated in 2015 with a degree in Petroleum Engineering. Notices that companies must file with the state in the event of mass layoffs provide an indication of the severe toll the COVID-19 pandemic has had on many Alaska businesses, including the high-paying oil and gas sector. Four oil field service companies reported laying off at least 274 workers. The state and city of Anchorage have taken tentative steps to reopen the economy following widespread closure mandates that shut down many businesses starting in mid-March. Got laid off March 2016 and decided to do a masters in math/finance.
The company does not take care of their employees.
The figure represents about 22% of the state workforce.
Who knows what will happen in the future though! Also, an additional 10,313 new unemployment claims were filed for the week that ended April 18. Oil life for me! The only hope the oil-and-gas industry would have in a Biden administration is that there is no substitute for fracking. Gotta keep the shareholders happy, right? Layoffs in the oil and gas sector sparked by the last oil-price plunge in 2014 contributed to the Alaska recession that ended last year. Chevron later this month plans to lay off 700 workers in Houston, and more layoffs are expected after the California oil giant recently acquired Houston-based Noble Energy.
No company, particularly a major like Exxon, is making a drastic move like that for what is currently a 1 month drop in oil prices. ... LinkedIn Reddit ... at its Spring campus that layoffs are inevitable. Facebook Twitter Email LinkedIn Reddit ... oil-field service company ProPetro Service announced more job cuts in the Permian Basin where losses now total 584 layoffs.
Back in the ‘80’s I was doing MWD onshore and offshore. But as an independent you dont take shit from colleagues and clients all day. Dave Cruz, owner of oilfield support company Cruz Construction, said he’ll be able to keep his core group of about 70 employees working this summer. I know Chevron is having layoffs and/or packages soon. Sheeeit they already closed my old yard early this year.
The U.S. oil and gas industry has lost 107,000 jobs during the coronavirus pandemic, and most of these jobs may take years to return, according to a new report. Coronavirus Could Lead To Mass Layoffs In Oil And Gas By Julianne Geiger - Apr 01, 2020, 3:00 PM CDT. Going back to O&G means forfeiting all of that for about the same net pay. ... Reddit; Premium Content.
Join Our Community. Federal government sending hundreds of thousands of rapid-response COVID-19 tests to Alaska, Hatcher Pass Lodge, a rustic gem in the Talkeetna Mountains, closes at least temporarily after owner’s death, Tracking COVID-19 in Alaska: 348 cases reported Monday, no deaths. I had a good friend that was able to keep working and was helping me out financially while I've been job hunting, but now he's been told that his rig is being stacked as soon as they're done with this hitch. Instead of waiting for the layoff I left to be an engineering manager at a theme park instead. Has anyone heard any news about PBF energy about layoffs, rumours, or potential sale? They’re doing civil construction projects for the state and local governments. The reports are an indicator of the economic disruption caused by COVID, but not the full picture, economists said. Alyeska said in its notice that it expects the layoffs will be temporary, though it added that it was uncertain when normal operations will resume. Good luck to all of you. No more. Cookies help us deliver our Services. The relationships with engineering firms and project work on surface facilities directly translated to my success in working on ride systems.