| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Global oil and gas job losses: 350,000 and counting
A total of 351,410 jobs have been slashed by oil and gas production companies worldwide, with the oilfield services sector bearing much of this burden, according to a new report released this week.
The report, based on statistical analysis by Houston-based Graves & Co., puts the number of jobs lost in the oilfield services sector at 152,015 now — or 43.2 percent of the global total since oil prices began to slump in mid-2014.
The exploration and production (E&P) sector was the second worst sufferer, registering more than 80,000 layoffs, followed by the drilling sector, which has seen more than 52,000 job cuts.
U.S.-specific data from the report shows that nearly 100,000 people lost their jobs in the oil and gas extraction and supporting segments between October 2014 and January this year …. http://www.upi.com
Source: http://luismmx.blogspot.com/2016/05/global-oil-and-gas-job-losses-350000.html
