Battered U.S. oil industry firms scramble to delay looming retirement wave

NEW YORK | By Edward McAllister | Reuters.com After 20 years in the oil business, Craig Reed, 62, is thinking about winding down his career just as a second downturn in six years rocks the oil industry. Reed is part of the baby boomer generation that forms the backbone of the U.S. oil workforce and now weighs retirement as energy firms cut spending and shelve projects. That is a worrying … [Read more...]

Not all oil industry segments suffer equally as prices slide

From EnergyWire -- WORKFORCE: Not all oil industry segments suffer equally as prices slide Pamela King, E&E reporter While dropping oil prices have not brought the energy job market to a standstill, it's far from business as usual. Oil and gas recruiters say they're cautious but optimistic that the industry's workforce will weather the downturn with only minimal layoffs and a slight … [Read more...]