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Halliburton Cuts 5,000 Jobs, 8% Of Workforce

Halliburton Cuts 5,000 Jobs, 8% Of Workforce It turns out oilfield services isn’t a good place to be during epic crude downturns. Halliburton – which cut thousands upon thousands of jobs in 2015 – is back it, announcing an additional 5,000 layoffs on Thursdsay. The cuts amount to 8% of the company’s remaining workforce. We say “remaining” because as […]

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Poor Quarter for Canada’s Oilfield Services

Poor Quarter for Canada’s Oilfield Services It was a jungle out there for the Canadian oilfield services (OFS) industry in the third quarter of the current fiscal year ended September 30, 2015. For a group of 25 diversified, publicly traded Canadian OFS companies, combined revenue declined 38.5 percent from $6.6 billion in 2014 to only […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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