Employment (and Profits) at Oilfield Services Cos. Roaring Back

We spotted an article on OilPrice.com (no friend of the oil and gas industry, despite the name of the site) that makes the bold claim that "oilfield services companies are making a full comeback." That's music to our ears! Oilfield services companies including Schlumberger, Halliburton, Baker Hughes, and National Oilwell Varco are reporting that prices for their services and equipment have "bottomed out" and they are now recruiting new workers. Since February some 27,000 OFS laid-off workers have returned to work.

---

To view this content, log into your member account. (Not a member? Join Today!)