The downstream sector includes the transportation of oil from the place of extraction and the refining of crude oil at oil refineries. The transportation of crude oil is achieved with the help of pipelines and trains. The refining of crude oil is essential to make it usable for the purpose of heating homes and providing
The downturn has impacted the lives of thousands of oil and gas workers. While thousands have lost their jobs, many had to manage with a pay cut or work reduced hours. But how has the downturn influenced the recruitment strategies of oil and gas companies? Read this article to find out. Link For the video:
While everyone is talking about how the downturn has adversely impacted the oil and gas industry, resulting in cost-cutting measures, very few have looked at the positive side of the downturn. The low oil and gas prices has bolstered the economy, providing a necessary boost to the manufacturing industry in the US. In addition, the
The slump in global crude oil prices has adversely impacted the industry and the U.S. economy. While several leading oil and gas companies have adopted cost-cutting measures, a majority of them have laid off employees over the past year. The economic growth in the U.S has seen a decline in the second quarter this year.
According to a recent survey by Rigzone, a majority of hiring managers in the oil and gas industry have decreased their hiring plans in the past few months. Some hiring managers have frozen their recruitment plans completely to maintain shareholder value and maintain profits. The global crash in crude oil prices has dealt a severe
In a knee-jerk reaction, the oil and gas industry is laying off workers to counter the impact of low crude oil prices. In an attempt to maintain profit margins and shareholder value, oil and gas companies are overlooking their long-term talent management strategies. Oil and gas recruiters in Houston will suffer in the years ahead
In today’s world, oil is everywhere. From gasoline to the oil you put in your car, oil is everywhere, and it is an important part of society. Because so many people rely on oil from day to day to keep their lives running smoothly, we should be concerned about the price, and how events in
The U.S. economy is showing signs of picking up steam after a slowdown that has crippled growth and development in the country. The number of people who are filing for new claims to get benefits has decreased in the month of April. Many leading economists are saying that the economy is showing signs of recovering
The job losses in the oil and gas industry is likely to have an adverse impact on job security in other industries as well. The oil and gas industry indirectly supports other industries by providing them business. The recession in the oil and gas industry will have a negative impact on other industries that depend
Source to the video: Link In spite of the low crude oil prices that has struck the oil and gas industry, the U.S. continues to dominate oil and gas production in the world for the third year. Watch the video to learn more about the role of US in achieving this leadership position. This can
