The 2020 oil crisis has led to a crisis of confidence among the global workforce in the oil and gas industry, where 78 percent of professionals are now less secure in their jobs than they were a year ago
Women Rise Higher At Shell
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January 07, 2021
Stacie Pitts is set to become the most powerful woman in a world of men. Royal Dutch Shell, the largest global oil and gas global trader, has promoted Pitts now general manager of global gasoline to lead its crude-oil trading business. According to Bloomberg, which broke the story, Pitts will oversee buying and selling some eight million barrels of oil a day: enough to cover the entire demand of Italy, France, Spain, Germany and the UK.
Shell has elevated two other women to senior trading roles as well: Carolyn Comer, currently vice president of downstream strategy and portfolio; and Alice Acuna, who will be the new chief of liquefied natural gas trading. A fourth woman will be taking on a senior position: Karrie Trauth, as general manager for shipping and maritime technology.
Schlumberger Sale Marks Shale Turning Point
In September, Bloomberg reported that Schlumberger had become the biggest oil-service industry player yet to abandon frack work in North America, after the company agreed to sell its U.S. and Canadian fracking company to a rival. Bloomberg noted that this was a sign that activity in the U.S. shale patch may never revisit previous highs.
This article was originally posted on September 1. Read the full article
2/ Texas Layoffs Adding Up
In March this year, Bloomberg warned that the spread of the coronavirus, coupled with an oil-price war between Russia and Saudi Arabia, threatened to devastate the oil services industry and its workers. Fast forward to December and the Petroleum Equipment and Services Association highlighted that an estimated 91,680 job losses occurred in America’s oilfield services and equipment sector, due to pandemic-related demand destruction.
Technavio Research: Polybutadiene Rubber Market Research 2020-2024 | Industry Planning Structure for the New Normal | Technavio
Shape strategic responses through the phases of industry recovery
China National Petroleum Corp., China Petroleum Chemical Corp., and JSR Corp. will emerge as major polybutadiene rubber market participants during 2020-2024
The polybutadiene rubber market is expected to grow by USD 2.55 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the polybutadiene rubber market in optimistic, probable, and pessimistic forecast scenarios.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201229005364/en/
Halliburton to lay off more than 200 in Texas
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Halliburton will lay off 216 employees in North Texas as the coronavirus pandemic continues to depress demand for oil-field services and equipment.Steve Gonzales, Staff / Houston Chronicle
Halliburton will lay off 216 employees in North Texas as the coronavirus pandemic continues to depress demand for oil-field services and equipment.
The Houston oil-field services giant said the job cuts will take place at its Halliburton Energy Services in Carrollton, north of Dallas. The facility is expected to remain open, the company told the Texas Workforce Commission this month.
“Due to the unprecedented challenges presented by the COVID-19 pandemic and the global market impact continuing to be felt throughout the industry, [Halliburton Energy Services] continues to experience layoffs,” the company said.