oil layoffs reddit

Times are tough but any news and inside information can help alot! I walked away from it due to safety concerns (I did not expect to live past 30 and I was in my mid 20’s). Eight companies in the dining and lodging sectors gave notice of a total of 995 layoffs, including 616 at Alyeska Resort, 82 at South Restaurant and Coffeehouse, 77 at Spenard Roadhouse and 68 at Benihana. [No hard-and-fast deadline for next phase of reopening Alaska’s economy, governor says]. Press J to jump to the feed. [BP Alaska says $5.6 billion deal with Hilcorp will be completed despite oil market tumult]. At that point they said they no longer had any work for me. I am thinking of trying to shift into Data Analytics and going into the Tech Industry. r/Lowes: This subreddit is dedicated to to topic of Lowe's and is not specific for customers or employees. “There is no work to be performed,” Baker Hughes said of its operations in Deadhorse near the North Slope oil fields in its explanation to the state. Excelled at it, but quit and bounced into environmental consulting. The company does not take care of their employees. This so-called energy transition means the jobs lost during this current oil bust will take longer to recover and some may never come back. The layoffs are expected to be permanent, the four oil field service companies said. Press question mark to learn the rest of the keyboard shortcuts. The only think I miss about working on the rigs is the time off, but getting out the industry was the best decision I ever made, having job security is a huge weight off my shoulders. I know Chevron is having layoffs and/or packages soon. Power plants could switch out of coal and into natural gas during the 2010s, but they won’t be able to switch out of natural gas and back into coal during the 2020s. From roughnecks to refinery engineers and everyone in between, a place to share knowledge, news, and make connections. Eqt layoffs reddit (NYSE: ZAYO) to sell itself to two private investment groups for. More posts from the oilandgasworkers community. Layoffs in the oil and gas sector sparked by the last oil-price plunge in 2014 contributed to the Alaska recession that ended last year. The state and city of Anchorage have taken tentative steps to reopen the economy following widespread closure mandates that shut down many businesses starting in mid-March. The oil industry is consolidating. by 10 a.m.—when I was only scheduled until 9:30 a.m. (Because of our constant scheduling SNAFU’s, the person who was supposed to relieve me that day—our DS—didn’t come in until that afternoon.) I had a good friend that was able to keep working and was helping me out financially while I've been job hunting, but now he's been told that his rig is being stacked as soon as they're done with this hitch.

Press question mark to learn the rest of the keyboard shortcuts. Neal Fried, an economist with the Alaska Department of Labor and Workforce Development, said this time, the initial losses are spread across the full economy. Oil scheduled to be delivered in June fell 12% Monday to about $22 a barrel.

Gotta keep the shareholders happy, right? Thanks.]. I imagine Halliburton about to have some massive layoffs. Cookies help us deliver our Services. “We know that the numbers are going to get hit and probably pretty hard,” he said. They will include more information about the oil and gas sector. for over a year with very little recognition or appreciation. I'm very conflicted. One thing for sure coming out of this, I'm done with the oil industry. Reddit; Premium Content.

The global pandemic, which plunged demand for crude and petroleum products such as gasoline and jet fuel, has led to the fastest layoffs in the oil and gas industry’s history. Facing a severe price plunge amid lowered demand for oil, producers and oil explorers in Alaska has already announced cutbacks to projects and decreased spending. Still only barely breaking 6 figures tho...got lowest salary of my cs friends, New comments cannot be posted and votes cannot be cast, More posts from the oilandgasworkers community. Me. Any advice or tips? I was in the oil patch for a couple years, with a degree in aerospace engineering. Went from driving tankers to operating heavy construction equipment. Cookies help us deliver our Services. “I’m anticipating we’ll have a pretty substantial downturn,” he said. Can you share more about this? Folks, do not overspend. This subreddit is dedicated to to topic of Lowe's and is not specific for customers or employees. I've had a few offers to go back, but nothing has been lucrative enough. Ive heard they are behind on some of them as well. South, Spenard and Benihana said they hope to rehire employees when that’s possible. I just started at Boeing and I'm loving it. Transitioned to similar land & title work in the mortgage industry immediately after and have been at the same place ever since. US oil and gas industry lost 107,000 jobs in the pandemic. The layoff notices are triggered under federal law, when sizable companies lay off large amounts of their workforce. Most will take years to return. Starting last February, i started hunting for a job. December 2014, workers on a well pump near Sweetwater, Texas. Luckily still finished masters within 1.5 years of graduating bs. Worked my way up as a landman and finally got laid off in 2016. Not for a second. Second time I worked as a facilities engineer for a major working on offplot steam systems for five years. After two oil busts in five years, the oil and gas industry will be challenged in its recruiting efforts to replace its aging workforce in the coming decades. Yes they laid off many non union workers in Chalmette, La. Any layoffs occurring now are not due to the current drop in oil price. ... LinkedIn Reddit ... at its Spring campus that layoffs are inevitable. I know a PetE who works at Google now, but don’t really know his story.

You can watch some of our segments here and here. Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. Press question mark to learn the rest of the keyboard shortcuts. Share on Reddit.

Instead of waiting for the layoff I left to be an engineering manager at a theme park instead. The reports are an indicator of the economic disruption caused by COVID, but not the full picture, economists said. Got laid off March 2016 and decided to do a masters in math/finance. Baker Hughes cut 13,000. © 2020 Anchorage Daily News. I started out of college as a wireline field engineer for three years then left to get my masters and work in power generation (wind and solar). Shell last month said it plans to cut up to 9,000 jobs over the next two years. This, with a degree in Petroleum Engineering. I transitioned from Derrickhand to independent landman in 2014. [Because of a high volume of comments requiring moderation, we are temporarily disabling comments on many of our articles so editors can focus on the coronavirus crisis and other coverage. I got hit with a layoff back in November. A little more than half of oil and gas workers surveyed by the University of Houston said they were concerned about job security. The industry shed 26,300 jobs in Texas during April, the largest number of oil and gas layoffs recorded in … BP plans to lay off 10,000 workers globally by the end of the year, and Exxon is undertaking a country-by-country review that may result in layoffs. The median age of oil and gas workers is 44, according to Deloitte. I considered diving into data analytics/data science and pivoting into the tech industry but decided to stick it out in PE. Next winter in the North Slope oil fields, however, could be difficult, he said. I’ve been a valuable asset to my dept. Thousands more oil and gas workers are being laid off as losses mount for an industry that could see drilling activity slashed by 60 percent amid a crushing falloff of demand. I was laid off once back in February 2016 but was luckily able to land a job in a month. The relationships with engineering firms and project work on surface facilities directly translated to my success in working on ride systems.
In an optimistic scenario where oil prices jump to pre-pandemic levels of $55 a barrel, a third of the jobs lost may not return next year. More than 70,000 people have filed new jobless claims over six weeks, said Weller.

Facebook Twitter Email LinkedIn Reddit ... oil-field service company ProPetro Service announced more job cuts in the Permian Basin where losses now total 584 layoffs. Has anyone heard any news about PBF energy about layoffs, rumours, or potential sale? Fortunately, it looks like I've landed a good job, so at least I'll be able to return the favor and help him out.

My coordinator texted me today, he thought Im still working and needing days off. Is there a specific region or country that you'd like to mention? Exxon Mobil plans to lay off an unspecified number of employees in response to the coronavirus-driven oil bust. Trump says he built a ‘booming’ economy. Yeah but I was referring to oil and gas specific.. that would take ton of digging thru for oil companies (ironic). By using our Services or clicking I agree, you agree to our use of cookies. Kamala Harris coming to Texas on Friday, including a stop in Houston, sources say, HISD changes COVID-19 decision metrics after meeting original threshold to close, Woman shot and killed at Texas Renaissance Festival campground, Trump puts oil on the ballot in race to win Texas, Refineries face headwinds as COVID cases rise, Frequent CenterPoint outages happen rain or shine, customers say. HITTING BOTTOM: Oil and gas production jobs in Texas could hit bottom this fall. You people need to calm the fuck down. Oil and gas production jobs in Texas could hit bottom this fall, Contango to acquire Mid-Con in sign of accelerating energy consolidation, Oil firms bring record level of debt to bankruptcy court, Modest increase gives rig count its 6th-straight gain. Houston oil … The industry shed 26,300 jobs in Texas during April, the largest number of oil and gas layoffs recorded in …

The figure represents about 22% of the state workforce.
Oil prices are sliding and CAPEX being slashed at oil & gas majors. Facebook Twitter Email LinkedIn Reddit Pinterest. Alex DeMarban is a longtime Alaska journalist who covers business, the oil and gas industries and general assignments. A dozen companies reported laying off 1,269 people starting in mid-March, according to the reports filed with the state under the federal Worker Adjustment and Retraining Notification Act. Join Our Community. Oil life for me!

Peak Oilfield said its decision was based the unexpected slowdown in work and “increasingly onerous” travel restrictions made it logistically and economically unfeasible to get much of their workforce to remote job sites. Was tough as balls to make that transition and learn everything while overloading classes, Now work as data engineer. Layoffs in the oil and gas sector sparked by the last oil-price plunge in 2014 contributed to the Alaska recession that ended last year. Economists say he inherited it. They’re doing civil construction projects for the state and local governments. No Slanderous Material or Personal Attacks, Moderators must follow the Moderator Code of Conduct, Press J to jump to the feed.

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