Houston Teachers Stage Sick-Out Protest To Demand Better COVID-19 Protocols, Hey Voter, The Texas Supreme Court Has Seats To Fill Too, Weekly Oil Market Crash Update: Shell Plans To Cut Up To 9,000 Jobs Worldwide, Texas Officials: No Earlier Concerns After Microbe Found In Lake Jackson, Update: Texas Sees First Laura-Related Deaths; Galveston Evacuees Set To Return From Austin, Former GOP Presidential Candidate Herman Cain Dies At 74. Rinse Your Sinuses With Shampoo Or Probiotics? The service requires full JavaScript support in order to view this website. www.industryweek.com is using a security service for protection against online attacks.

Experts say if Texas oil doesn’t go above at least $30 a barrel soon there will be more changes, including layoffs. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston, Donald Trump And Joe Biden Sparred Over Texas’ Energy Industry And Global Warming During Final Presidential Debate, Another Bad Week In The Energy Sector (Oct. 23, 2020), Weekly Oil Market Crash Update: Pioneer To Acquire Parsley Energy; Oilfield Service Giants Post Millions In Losses, Climate Change, Energy Policy Playing A Bigger Role In 2020 Debates, Harris County Is Breaking Early Voting Records. Please enable JavaScript on your browser and try again. The furlough will begin Monday and will last up to 60 days, company spokeswoman Emily Mir said Wednesday. US Shale Taking Hit and Reports of Halliburton Layoffs Phil Flynn. The company announced it … You will be redirected once the validation is complete.
This process is automatic. | Posted on March 18, 2020, 12:08 PM (Last Updated: March 18, 2020, 2:07 PM) Halliburton facility, located on Heathrow Forest Parkway. The U.S. oil-services giant, which serves Royal Dutch Shell (IW 1000/2) and Chevron (IW 500/2) as well as smaller oil companies, will trim 6.5% to 8% of its workforce, said spokesperson Chevalier Mayes in an email to AFP. Halliburton will institute a mandatory furlough for 3,500 employees in Houston beginning next week amid falling oil prices. About Halliburton Co.: Halliburton Company is a multinational corporation and currently one of the world's largest oilfield services enterprises with activities in almost 100 countries. The Houston-based company says affected employees will work one week on, followed by one week off. www.industryweek.com is using a security service for protection against online attacks. Published: May 6, 2020, 11:05 am Tags: Halliburton , Layoffs , Energy , Coronavirus , Houston , Local In this file photo, a sign is seen on a building owned by Halliburton in Houston. Halliburton Energy Services Inc. announced an additional set of layoffs this week, according to a notice sent to the Oklahoma Office of Workforce Development on April 28. Halliburton, which is one of the world's largest providers of oilfield services, has plummeted more than 65% in March alone. Here Are 4 Takeaways, Voters Have 2 Very Different Choices For Texas’ Next Oil And Gas Regulator. Fill out the form below to subscribe our new daily editorial newsletter from the HPM Newsroom.

The energy market has been slammed by a slump in demand because of the virus pandemic and a price war between some of the world's largest producers. The layoffs impacted its location at 100 E Halliburton, Duncan, OK 73533. Please enable cookies on your browser and try again.

Employees will maintain their benefits, including health insurance, during the week off but will not be paid. During the furlough, affected employees will work one week on followed by one week off, the Houston-based company said.

Crude oil prices have plunged 45% so far in March and are at the lowest level since 2002. March 18, 2020 09:43 AM Fed is pointing to energy sector under stress. Shares of larger oilfield services company Schlumberger have dropped 51% this month. The service requires full cookie support in order to view this website.

Halliburton Faces Another Set of Layoffs. The company says employees will maintain their benefits throughout the period but will not be paid during their off weeks. Halliburton owns hundreds of subsidiaries, affiliates, brands, branches, and … NEW YORK -- Halliburton Tuesday said it would cut up to 8% of its global workforce in response to crashing oil prices that have depressed petroleum industry investment. Get highlights, trending news and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. www.industryweek.com is using a security service for protection against online attacks. The job …

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