Tim Harris was preparing to relocate for an assignment with energy services firm Halliburton Co for the fifth time in 15 years when his career came to a halt.
FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant
Such cuts, which are expected to accelerate this year, spell trouble for firms when it comes to restaffing and tapping know-how from prior busts, said some industry executives interviewed by Reuters. “Losing talented people is a concern,” said Kevin Broom, a PESA director who did the analysis. “We’re going to need that knowledge and expertise when demand returns.”
Career website LinkedIn.com has dozens of goodbye posts from workers with 15- to 30-year careers in the oilfield, many with top firms Schlumberger, Halliburton and Baker Hughes Inc. More than two dozen tributes appeared recently from mid- to senior-level Schlumberger executives. Graham was attending a family celebration when his mobile phone buzzed with news that top producers Russia and Saudi Arabia ended a pact that limited their oil production.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Report: Theater Producers and Concert Promoters Call it Quits on 2020“I am 100 percent confident that it is not happening,” one executive says about fall programming.
Read more »
First U.S. monument to Puerto Rican veterans vandalized over Memorial Day weekend'I just want some respect for our fallen heroes,' said Tony Molina, the president of the Puerto Rican Veteran Monument Square Association.
Read more »
Suspension of military honors at national cemetery burials compounds loss for familiesWithout honor guards, gun salutes or folded flag ceremonies, families of recently deceased veterans say closure is hard to find.
Read more »
Biden leaves home to lay Memorial Day wreathJoe Biden left his home for the first time in months on Monday, sporting a face mask to lay a wreath at the Delaware Memorial Bridge Veteran's Memorial Park.
Read more »