PANNA MARIA – Tina Maglio-Johnson was nervous as she headed out to a drilling site for the first time. She was in her late 20s and had just been hired as a production engineer when she found herself driving through rural Colorado without a map. “You know what it’s like to be driving around in the field. The directions weren’t ...
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Canada’s Encana lays off 200 employees in July amid oil slump
Encana Corp, Canada’s No.1 natural gas producer, said it had laid off about 200 employees this month, joining a growing list of oil producers cutting jobs to cope with a steep fall in crude prices. Encana’s shares fell 10 percent to a 13-year low of C$10.10 after the company reported a bigger-than-expected quarterly loss due to weak production. The company’s ...
Read More »June employment shows stress of oil, gas slowdown
Colorado is gaining more jobs this year, but it’s still not reaching last year’s pace, and that’s likely due to the ongoing oil and gas slump. In numbers released Tuesday, Colorado’s Department of Labor and Employment reports that the state gained more than 11,300 jobs from May to June, more than double from the previous month. But the unemployment rate, ...
Read More »June job stats point to a resilient Texas despite oil slump
Even with hindering oil prices, Texas still rated third in the nation for job growth in June. According to state-by-state statistics released by the U.S. Bureau of Labor Statistics, only New York and California beat out the 16,700 jobs Texas added. Overall, 31 states saw an increase in jobs last month while 17 states, plus Washington D.C., saw a decrease. ...
Read More »UND to break ground on new engineering and mines building
GRAND FORKS, N.D. — The University of North Dakota is unveiling its new engineering and mines building. The Collaborative Energy Complex is a 37,000-square-foot facility that will be the headquarters for all engineering and mines programs, including the Institute for Energy Studies. UND officials say the building will provide state-of-the-art labs and multipurpose teaching centers, as well as a center ...
Read More »Energy Industry: The Great Crew Change
Over the past several months the energy industry, specifically the oil and gas sector, has been through a severe downturn. The slide in the industry crosses all platforms– from oil and gas prices to hitting all-time lows, companies cutting back or even closing down operations, to major slashes in budgets and thousands of people losing their jobs. The most dramatic ...
Read More »Noble acquisition slashes jobs in Houston
Noble Energy Inc.’s recent acquisition of Houston-based Rosetta Resources Inc. will cost at least 70 employees their jobs, the Houston Business Journal reports. The $2.1 billion acquisition and assumption to Rosetta’s $1.8 billion worth of debt is expected to close July 20. With the closure of the acquisition, however, will come the closure of Rosetta’s downtown Houston headquarters in late ...
Read More »Low oil and gas prices show up in Wyoming economy
CHEYENNE, Wyo. — Wyoming’s economy is showing signs of the drop in oil and gas prices, according to a new report by the state’s Economic Analysis Division. But the same report notes that those counties that don’t rely as heavily on the energy industry remained fairly stable, seeing modest year-over-year growth for the quarter. The report written by state economist ...
Read More »Now hiring: more good news for Houston
Sempra Energy is engaged in what the Houston Business Journal called a “hiring spree” last week as the company moved its headquarters of its division Sempra U.S. Gas & Power from Greenville, South Carolina to Houston. “We believe the relocation of our Greenville employees to Houston will better position the company to capture new market opportunities,” Sempra spokesperson Paty Ortega ...
Read More »Court: Oil workers not entitled to OT pay for daily commute
The New Mexico Court of Appeals ruled on June 25 that workers are not entitled to overtime pay for travel between their homes and job sites. According to the court documents, the case was between three workers who said they represented all other similar workers, versus their employer, J.W. Drilling Inc., based out of Artesia. The three workers are Julian ...
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