More Staff Cuts at Halliburton

More Staff Cuts at Halliburton
Here are some of Rigzone's top stories during the last week, just in case you missed them...

Here are some of Rigzone’s top stories during the last week, just in case you missed them…

Halliburton Lays Off Additional Staff in Houston

Halliburton recently announced another group layoff, according to a notice sent to the Texas Workforce Commission on May 4. Almost 1,000 employees were affected.

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EIA Raises Oil Price Forecasts 

The U.S. Energy Information Administration (EIA) raised its oil price forecasts for 2020 and 2021. Brent spot prices are now expected to average $34.13 this year and $47.81 in 2021. West Texas Intermediate spot prices are expected to average $30.10 this year and $43.31 next year.

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Upcoming Data Should Clarify Oil Market Recovery

Limited price growth, more production shut-ins and a break in the tight oil storage situation were anticipated in this week’s preview of what to watch in the oil market.

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Petrofac Secures New BP Contracts

Petrofac bagged a new four year metering contract and a three year extension to its existing maintenance contract with BP.

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Energy Chief Says US Oil on Its Way Back

Bloomberg reported that U.S. President Donald Trump’s top energy official said the oil sector is on its way back.

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Here’s What’s Coming

Keep an eye out for these articles on Rigzone later today…

  • Permian Report Supports View Price Crash Has Passed    
  • Natural Gas Prices Could Double Next Year         
  • Bureau Veritas Unveils Deepwater Brazil Guidance          
  • Industry Groups Advocate for Offshore Workers
  • Energy Worker Survey Finds Remote Preference
  • World Petroleum Congress Event in Houston Pushed to 2021       
  • TDI-Brooks Completes Milestone Survey Offshore the Niger Delta
  • JD Fields to Merge With Alameda Pipe & Steel    
  • ProPetro Loses More Workers in Midland
  • Hornbeck Offshore Seeking Lender Approval for Chapter 11

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