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Top 5 Places To Work In U.S. Oil And Gas

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Anadarko Petroleum and Chevron have emerged as the top two employers in U.S. oil and gas, according to a survey conducted by the job site Indeed. The top five for the industry was completed by Plains All American at #3, Occidental Petroleum at #4, and Noble Energy at #5.

Indeed said that it ranked companies based on a number of factors but generally speaking, the better the site visitor ratings and reviews a company had, the higher it ranked on the “Best Places to Work” list.

The site has 200 million unique visitors monthly, lending credibility to its findings. The reviews and ratings it collected to compile the rankings included postings from current and former employees.

These, in the case of Anadarko, Chevron, and the rest of the best, praised the companies for [Read more…] about Top 5 Places To Work In U.S. Oil And Gas

Oil Jobs Lost: 250,000 And Counting, Texas Likely To See Massive Layoffs Soon

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Oil FallingCrude oil just capped off a third straight week of declines, as WTI nears the $40 per barrel threshold. Goldman Sachs is once again raising the possibility of oil dipping into the $20s per barrel.

That spells more pain for the energy sector. Many companies have already slashed spending and culled their payrolls, but the total number of job losses continues to climb.

According to Graves & Co., an industry consultant, oil and gas companies have laid off more than 250,000 workers around the world, a tally that will rise if oil prices remain in the dumps.

“I was surprised it’s gotten this far,” Graves & Co.’s John Graves told Bloomberg in an interview. In an eye-catching statistic that highlights [Read more…] about Oil Jobs Lost: 250,000 And Counting, Texas Likely To See Massive Layoffs Soon

Should The U.S. Worry About Oil Sector Jobs?

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Outside of individual’s holding oil stocks, damage to the economy from the fall in oil has been pretty minimal so far. Indeed, the price cut in home heating oil and gasoline has probably outweighed the damage from lower oil prices… so far. Unfortunately, this situation may not last.

ID-100324447Analysts are starting to look beyond the boost to the economy from low oil prices and see the damage that is being done by worker layoffs, slowing business, and falling home prices in oil producing states. Indeed, one recent estimate suggested that up to four jobs could ultimately disappear for every one job lost in the oil sector.

There is little doubt that as oil prices fall, some [Read more…] about Should The U.S. Worry About Oil Sector Jobs?

100,000 Layoffs and Counting: Is this the New Normal?

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Oil JobsThis time a year ago, the oil industry’s biggest problem was finding a way to deal with the “retirement tsunami” about to crash down on it as older oilfield workers hung up their cork boots to enjoy freedom-55. Now, with oil prices still in the doldrums, many of those same workers are lucky to be hanging onto their jobs, while others have been booted from the payroll as an ugly wave of layoffs takes hold.

One of the worst-affected areas is [Read more…] about 100,000 Layoffs and Counting: Is this the New Normal?

North Dakota Jobs Booming

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While the unemployment rate in most of the United States hovers around 9% an unlikely sounding state is booming. The current unemployment rate in North Dakota of all places is just 3.5% according the September report of the U.S. Bureau of Labor Statistics. (Nationwide, the rate is 9.1%). An oil boom has sprung up and immunized residents from the most severe recession in decades. Wages are up, and work is plentiful. It’s almost like being on a totally different planet. People are sending resumes and getting multiple job offers within a week. Why? [Read more…] about North Dakota Jobs Booming