Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept. 1. The drop in Brent crude... — read more
Hey Hand!
I heard that Icruise was the best thing since sliced bread. It’s going to save HAL. Oh wait, that was just for the earnings call.
Halliburton cuts 8 percent of North American workforce amid fracking slump
Houston oilfield service company Halliburton said it cut 8 percent of its North American workforce as it took fleets of hydraulic fracturing equipment from the field in response to a continued slump in demand for fracking services in the United... — read more
El Reno layoffs today
3 more Electronics Techs were laid off this morning. More to come today. Also heard they cut the light duty trucks from PE in half just to get guys to quit.
Leaving...
Anyone knows how to volunteer for retrenchment?? Wanna out my name in the bucket and leave....
Halliburton Stock Sinks As Market Gains
Halliburton closed the most recent trading day at $23.75, moving -0.42% from the previous trading session. This change lagged the S&P 500's 0.46% gain on the day. At the same time, the Dow added 0.9%, and the tech-heavy Nasdaq gained 0.59%. Coming... — read more
3.5 BILLION DOLLARS
wow that’s some serious money, oh well, you know what they say about a fool and his money
El Reno
Any news about El Reno? Heard they were shutting down completely soon.
Downsizing to continue
NAL to reduce frac and support in third quarter. Layoffs of front line frac and support employees is to continue as a direct result of the dreadful mismanagement of the company. Investor confidence is still declining and the only tool the nitt whits... — read more
Cuts in the northeast ?? Whats the latest?
Out of the loop these days, whats going on in the northeast?
Halliburton and Other Drillers Are Fighting for New Life in a World of Cheap Oil
For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival. Five years after crude began its plunge to less than $30 a barrel from more than $100, the companies that drill and frack wells are living... — read more
Why stay?
Excuse me, what benefit is there working for Halliburton anymore? One after another, each benefit and incentive has been removed. There is nothing left here to set apart from competitors.
Anybody else having trouble sleeping?
Halliburton has messed up my sleeping pattern with these never ending layoffs. I was hoping Wednesday would be it, but we still don't know if it will continue throughout the remainder of the week... Why can't they do this all in one day? What's the... — read more
Anything happening today?
Several places were hit yesterday, or at least that's what I understand from other people's posts. Has it continued today, or is it all over? Nothing is happening at my location so far, but as they say, the day is still young... It's really annoying... — read more
Here’s how much Houston’s top executives got paid last year
Top compensated executives in Houston 2018: Ryan Lance, ConocoPhillips; $23.4 million Jack Fusco, Cheniere Energy; $21.3 million Greg Garland, Phillips 66; $19.3 million Bhavesh Patel, LyondellBasell Industries N.V.; $18.2 million Jeffrey Allen... — read more
More layoffs coming for North America this summer
More layoffs coming for North America this summer. Whole offices/plants shutting down. Restructuring is a bulls~~t term for keeping the investors happy and Executive Level Management flush with cash and perks. Check on Market Watch to see how many... — read more
Permian Continues to Witness Loss of Oil Drilling Rigs
In its weekly release, Baker Hughes, a GE company BHGE reported a decline in weekly rig count in the United States. More on the Rig Count Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall... — read more
Uh Oh, lists are being drawn
It ain't over kiddos, more field hands to be let go.
Trump Backers in Oil Patch Join Farmers in Fight Against Tariffs
U.S. oil companies are frantically lobbying congressional allies and the White House against President Donald Trump’s plan to slap escalating tariffs on Mexican exports, saying it would hike the price of gasoline and strain refiners reliant on crude... — read more
Share price circling the drain
More layoffs soon? Bankruptcy?
Halliburton Shares Decline 13% Year to Date: Here's Why
The average monthly price of West Texas Intermediate (WTI) crude declined to $49.52 per barrel in December 2018 from the record high of $70.98 per barrel reached in July 2018, per the U.S Energy Information Administration. The significant decline in... — read more
Don’t Look Now
but Baker stock price just eclipsed your’s truly. Things are taking a turn. Oh man, let’s hope Monday is better huh? Baker’s digital strategy must really be some kickin’ stuff huh? It’s probably due to something silly like that free brand recognition... — read more
Permian Basin oil producer cuts 230 jobs
Irving-based Pioneer Natural Resources Co, one of the oil producers in the Permian Basin of West Texas and New Mexico, said this week it plans to lay off about 25 percent of its workforce to reduce costs and increase shareholder value. Pioneer said... — read more
Things are really bad in the oilfield service sector right now.
If you are young enough , bright enough, and a good education background try to get out of this industry.
HAL HR/PR quit posting
We know the non value add of HR & PR are posting propaganda on thelayoff. Quit wasting company time on this website before you’re reported.
Oil Should Be Rallying After OPEC Says It Won’t Raise Production. Here’s Why It Can’t.
News from the oil patch this weekend seemed to be bullish for the commodity. After a meeting on Sunday, an OPEC official said that indications were that the cartel would keep oil production cuts in place -- news that would normally cause the price to... — read more
U.S. oil drillers cut rigs to lowest count since March 2018
U.S. energy firms this week reduced the number of oil rigs operating for the second week in a row, with the rig count at its lowest since March 2018, as some drillers follow through on plans to cut spending. Despite those cuts, production in the... — read more
Halliburton shareholders approve compensation, changes
Houston-based Halliburton Co. shareholders voiced approval of the company’s executive compensation and passed a measure changing compensation structure at the company going forward at an annual meeting this week. The shareholder approvals are a shift... — read more
Halliburton CEO talks digital strategy
Houston-based Halliburton Co.’s efforts in digital technology in the energy space aren’t just focused on its customers — it’s consuming the new technology as well, the company’s top executive said. The applications of digital technology in, for... — read more
Sperry Broussard Hit
Many hands let go. Lots of experience gone.
Dude I Went to OTC
and they was several companies there doings offtheshore wind, the solar, storage and renewables. made some contacts, did some networking. Gonna further those contacts this week, maybe get the resume out cause really it dine time to jump this garbage... — read more
Midland BD office hit yesterday
Tough times
DMC
Any word on Duncan Manufacturing Center ? I heard today was the day and then heard next week .. 🤔
More cuts!!!
The onslaught is happening in KILGORE TODAY again!!! Stay tuned
D--g Tests for Office Workers??
Does anyone have experience with d--g tests on the main campus in Houston?