U.S. oilfield services firm Halliburton on Wednesday said it was cutting 650 job...
FILE PHOTO: Oil production equipment is seen in a Halliburton yard in Williston, North Dakota, U.S., April 30, 2016. REUTERS/Andrew Cullen/File Photo
Halliburton and its rivals that provide drilling equipment and services have suffered this year due to reduced spending by oil and gas producers amid weak prices. Spending by U.S. independent producers is projected to fall 11% this year, according to analysts at Cowen and Co. Most of the affected employees were given the option to relocate to jobs in other locales where more business is anticipated, she said.
The number of active U.S. hydraulic fracturing fleets, which release oil trapped in shale rock, has tumbled to 365, the lowest since spring 2017, energy consultancy Primary Vision said in a note on Wednesday. It estimates as many as 60 more fleets could be idled before the end of the year.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Halliburton cutting 650 jobs as U.S. oilfield slowdown acceleratesHalliburton said on Wednesday it is cutting another 650 U.S. oilfield services j...
Weiterlesen »
Halliburton cutting 650 jobs as U.S. oilfield slowdown acceleratesHalliburton said on Wednesday it is cutting another 650 U.S. oilfield services j...
Weiterlesen »
Fed Officials Last Month Worried Trade War Could Curb Hiring, Consumer SpendingFederal Reserve officials worried that slowing global growth and rising trade-policy uncertainty could exert a drag on hiring and the U.S. economy when they cut interest rates last month.
Weiterlesen »
HSBC is considering cutting as many as 10,000 jobs to reduce costs - Business InsiderHSBC is facing the possibility of up to 10,000 job cuts as it undertakes a cost-cutting strategy devised by interim CEO Noel Quinn.
Weiterlesen »
Teen spending falls as worries about the economy grow. When they splurge, they love Nike and Chick-fil-AAs market watchers and economists debate whether U.S. growth is slowing and a recession is near, teens are pulling back spending, according to a bi-annual survey from Piper Jaffray.
Weiterlesen »
Dick's Sporting Goods CEO Ed Stack: The consumer is in 'pretty good shape'The CEO of the largest sporting goods retailer in the U.S. says he doesn't see any sign of consumers slowing down their spending, ahead of this holiday season.
Weiterlesen »