Energy & Environment
Weekly Oil Market Crash Update: Shell Plans To Cut Up To 9,000 Jobs Worldwide
Posted on · Shell employs around 8,000 people in the Bayou City, according to Houston Chronicle research.
Tag: 2020 oil bust
Energy & Environment
Independent Upstream Companies Among Hardest Hit In Oil And Gas
Posted on · “There's a saying in the oil and gas industry that the closer you are to the drill bit,” says Patrick Jankowski of the Greater Houston Partnership, “the more your job is at risk during a downturn.”
Energy & Environment
Is Houston Ready For The Big Oil Bust?
Posted on · Oil prices are hovering at an uncomfortable $40 a barrel, and aren't expected to rebound anytime soon. For some workers it's starting to sound a lot like the 1980s, when oil prices plummeted and stayed low for years and wreaked havoc on Houston's economy.