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Tag Archives: Fuel Fix

Oil field job cuts cross 150,000

Oilworker

Job slashing from the oil bust reached a staggering 150,000 at the end of May, according to energy recruiting firm Swift Worldwide Resources. In a recent Fuel Fix publication, Swift elaborated that when compared globally, the United States has seen the “the fastest and steepest decline.” Layoffs have slowed dramatically as oil prices have just begun to regain some footing ...

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Halliburton job cuts coming to fruition

File photo of the company logo of Halliburton oilfield services corporate offices in Houston

Tumbling oil prices continue to claim its victims. Oil giant Halliburton Co. announced Tuesday that the company has cut jobs in Houston because of weakening market conditions as oil prices slide, according to Fuel Fix. Halliburton refused to announce exactly how many jobs it was forced to cut. Halliburton spokeswoman Emily Mir commented in an emailed statement: “While these reductions ...

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STUDY: Low oil prices are nothing to Houston, Texas

Texas flag

According to a report by financial firm BBVA Compass, over the last 30 years Houston and Texas economies have become so diverse they will not face the same pain of 1980’s oil price shocks, even if oil prices continue to decrease. Over recent years, Houston and Texas economies have benefited greatly from the growing energy production that has been powered ...

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Does Houston need a $590 million transmission line?

Today at 1 p.m. at the Public Utility Commission hearing, three of the country’s largest electric companies will debate whether or not the 130-mile transmission project, Houston Import Project, should be allowed to move forward. The debate is between Houston-based CenterPoint Energy, which completely supports the project, and Houston-based generators NRG Energy and Calpine Corp., which are against the project ...

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