U S oilfield services companies added 23,000 jobs in March worldoil.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldoil.com Daily Mail and Mail on Sunday newspapers.
U.S. oilfield service companies added 23,000 jobs in March 4/6/2021
The jobs gained last month represent annualized wages of approximately $2.6 billion.
The American oilfield services and equipment sector employment rose by an estimated 23,015 jobs in March, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology Council.
Routine BLS revisions reduced lost jobs in February to 7,697 from the 10,048 it reported one month ago. According to the revised data, the sector cut 1,322 positions in January 2021. The sector has been on a rollercoaster the past year with a precipitous drop in jobs due to the pandemic, modest gains in the fourth quarter of 2020, and more cuts in December, January and February.
The natural gas storage report from the EIA for the week ending February 5th indicated that the amount of natural gas held in underground storage in the US fell by 171 billion cubic feet to 2,518 billion cubic feet by the end of the week, which left our gas supplies 9 billion cubic feet, or 0.4% below the 2,527 billion cubic feet that were in storage on February 5th of last year, and 152 billion cubic feet, or 6.4% above the five-year average of 2,366 billion cubic feet of natural gas that have been in storage as of the 5th of February in recent years..the 171 billion cubic feet that were drawn out of US natural gas storage this week was a bit less than the average forecast of a 175 billion cubic foot withdrawal from an S&P Global Platts survey of analysts, but way more than the 121 billion cubic foot withdrawal from natural gas storage seen during the corresponding week of a year earlier, and also more than the average withdrawal of 125 billion cubic feet of natural gas that have ty
Updated report finds upstream job loss worse than believed mrt.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mrt.com Daily Mail and Mail on Sunday newspapers.