1-27-16
Reasons for oil states and provinces to be as competitive as possible. (Statistics today from our Aussie O&G energy analyst friend) Late last week US independent Southwestern Energy laid off 1,100 staff members - or an incredible 40% of its staff A similar story is being played out with Canadian focused Husky Energy, who is said to be planning a 30% staff reduction in the next few weeks. Oil services giant Schlumberger announced a 15,000 personnel reduction last week. Also as we noted last week, Shell is to reduce its [...]