(Oil & Gas 360) – A talent deficit may be the biggest drag on the momentum behind a global nuclear resurgence as the technology is increasingly recognized as an efficient and proven way to produce reliable emissions-free electricity. A similar talent dearth has long been an oil and gas industry topic and potential threat to the United States’ dominance in
World Oil Employment in the U.S. oilfield services, and equipment sector rose by an estimated 4,774 jobs to 628,793 in May, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology Council, and after adjustments to April numbers. April adjusted number of 624,019 is up from the preliminary of 622,309. Gains
CNBC The Federal Reserve painted a dour picture of current conditions and pledged Wednesday to continue its historically aggressive policy stance until it is comfortable that the U.S. economy is back on its feet. Following this week’s Federal Open Market Committee meeting, the central bank said it would maintain its current interest rate target between 0% and 0.25%. “The ongoing
From Reuters Brazil’s government will free up a total of 42 billion reais ($11.1 billion) from a workers’ guarantee fund over the next two years, Economy Minister Paulo Guedes said on Tuesday, in an effort to boost flagging economic growth. The total from the FGTS fund will be split between around 30 billion reais this year and 12 billion reais
A report by the Federal Reserve Bank of Dallas indicated that, in May, employment in the Permian basin remained steady, hovering around 158,000 jobs since February. This comes following the period between mid-2014 and early-2016, when Permian employment dropped from approximately 180,000 to approximately 150,000 jobs. The unemployment rate itself decreased from 4.4% in April to 4.1% in May. From
Maintaining employment strains Chinese oil and gas firms’ shrinking profits Many international oil and gas companies have responded to the steep drop in prices since November 2014 by cutting expenditures. Companies have achieved better financial metrics by increasing efficiencies in their operations, and, in many cases, by reducing their workforce. Layoffs have been an unfortunate side effect of the price
U.S. unemployment continues to drop while oil and gas industry sheds jobs The U.S. economy added 151,000 jobs in January, according to the latest release from the Bureau of Labor Statistics. The additional jobs pushed unemployment below the 5% mark for the first time since February 2008, just before the collapse of Bear Stearns and the financial crisis. The job
U.S. economy adds 292,000 jobs in December 292,000 new jobs were added to the U.S. economy in December, according to information from the Bureau of Labor Statistics. Most of the added jobs came from construction, health care and business services, with the three accounting for half of the new jobs added last month. The stronger than expected job growth seen
A shot heard round the world Last November 27, OPEC sparked the decline in crude oil prices that would see both international benchmark Brent crude, and U.S. benchmark WTI crude, lose more than 50% of their value. The group decided to move away from its traditional role of maintaining a reasonable crude oil price in order to protect its market
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