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Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. Friday’s Show: Halliburton Layoffs, And Lasting Changes From The Pandemic (May 8, 2020) Crude oil prices have plunged 45% so far in March and are at the lowest level since 2002. All comments are subject to editorial review. Company officials said in a statement released to KPRC 2 on Wednesday the layoffs were due to “the unforeseeable, dramatic” downturn in energy markets caused by the coronavirus. Halliburton's total revenue in the first quarter of 2020 was $5 billion, a 12% decrease from revenue of $5.7 billion in the first quarter of 2019. The last round of Halliburton layoffs The Duncan Banner reported on came in February of this year. HOUSTON – Houston-based Halliburton has laid off 1,000 workers at its headquarters. Reuters; May 07, 2020, 06:48 IST The layoffs are taking place at a HESI facility in Carrollton, Texas, the company said. 'published_date' : '2020-05-01', Posted at 7:11 PM, Apr 22, 2020 and last updated 2020-04-23 21:07:44-04 BROUSSARD, La. Copyright 2020 by KPRC Click2Houston - All rights reserved. 'content_origin' : 'Original Content', Will Russia Push for Another OPEC+ Output Hike? Aaron Barker has been a senior digital editor at KPRC 2 since 2016. NEW YORK -- Halliburton Tuesday said it would cut up to 8% of its global workforce in response to crashing oil prices that have depressed petroleum industry investment. Halliburton's global employment had already decreased by about 5,000 people from the start of 2019 to the end, beginning 2020 at about 55,000 … ... Halliburton Energy Services Inc. announced an additional set of layoffs this week, according to a notice sent to the Oklahoma Office of … The job losses were expected to occur on April 29, and approximately 240 employees were affected. Oilfield services giant Halliburton laid off 233 ... 2020 Updated May 1, 2020; ... program for people affected by mass layoffs. Dec 20th 2020 - 6pm John Shipley: Vikings had some bad luck in 2020, but it’s more than that . Attend Virtual Meeting. Analysts expect revenue of … }. Halliburton Energy Services Inc. announced an additional set of layoffs this week, according to a notice sent to the Oklahoma Office of Workforce Development on April 28. LNG Canada CEO Writes Open Letter After Outbreak, $11B+ of Oz Gas Projects to be Sanctioned in 2021, Oil Edges Higher After Iraqi Field Attacked, Aramco Hires Moelis to Raise $Bs from Asset Sales, US Extends 7 LNG Export Authorizations to 2050, RRC Barred from Waiving Environmental Rules. Halliburton Victoria shut down in 2016, following companywide layoffs. The layoffs began on May 4 and were completed on May 8 at its operations located at 3000 N. Sam Houston Pkwy E, Houston, TX 77032. Friday, May 01, 2020. Halliburton, like many other oil and gas companies, has felt … Halliburton announces another round of layoffs April 9, 2020, 4:43 AM The oil company joined Halliburton and other major industrial players in the … Halliburton owns hundreds of subsidiaries, affiliates, brands, branches, and divisions worldwide and employs over 100K people. Early last month, the company announced layoffs of at least 600 employees across Texas and Oklahoma. The layoffs impacted its location at 100 E Halliburton, Duncan, OK 73533. Published: May 6, 2020, 11:05 am Tags: Halliburton , Layoffs , Energy , Coronavirus , Houston , Local In this file photo, a sign is seen on a building owned by Halliburton in Houston. ssdl.editorialMetaData = { 'Country' : 'US', As a meteorologist, he specializes in stories about the weather. Halliburton, one of the world’s largest oilfield services companies, is laying off about 130 employees at its office in Fort Lupton. 'author' : 'Bertie Melinda Taylor', "Halliburton is laying off approximately 1000 employees at its corporate headquarters in Houston because of the unforeseeable, dramatic business downturn caused … Houston-based oil giant Halliburton says it suffered a $1 billion net … The job … 'tag' : 'People_on_the_Move,Employment', Halliburton said last month it would furlough 3,500 workers in Houston to cope with lower prices. This is the fourth major workforce adjustment the oilfield services giant has made since late March. 'company' : 'Halliburton_Company', 'industry_sector' : 'Upstream', Reported operating loss was $571 million in the first quarter of 2020 compared to reported operating income of $365 million in the first quarter of 2019. In May of this year, an estimated 1,000 workers were laid off … In Texas, the state was notified that cuts will affect a total of 275 employees at two locations. Updated 11:45 a.m. CT April 20. 'content_type' : 'Company Intelligence', 'company_sentiment' : 'Neutral', It returned center operations to Duncan where layoffs occurred again in 2020. US Shale Taking Hit and Reports of Halliburton Layoffs Phil Flynn. Tue 17 Mar 2020 22:11:17 GMT. Layoffs may not stop HAL's EBITDA margins from deteriorating. If you need help with the Public File, call (713) 778-4745. var ssdl = ssdl || {} A source who requested anonymity said they were laid off in February 2016. 'sector' : 'Company_Operations', Halliburton Company is a multinational corporation and currently one of the world's largest oilfield services enterprises with activities in almost 100 countries. Since that time, about 623 company employees have been laid off at various locations in Oklahoma, and approximately 3,500 employees have been furloughed in Houston at its North Belt campus. Oilfield services company Halliburton has laid off 233 employees at its Kilgore facility, according to an alert issued today by the Texas Workforce Commission. He has covered Hurricane Harvey, the Astros first World Series win, the Santa Fe High School shooting, the ITC fire and Tropical Storm Imelda. This is just the latest round of layoffs the company has made since announcing a 60-day furlough of 3,500 workers in March. Sell HAL. By Faisal Humayun May 4, 2020, 5:31 am EST May 3, 2020 When Halliburton Company (NYSE: HAL ) reported first quarter results for 2020, CEO Jeff Miller commented that the downturn is … Halliburton to Deploy New Supply Chain Model, $455MM in Brazil Contracts Go to Oilfield Services Trio, Oil Business Activity Index Sinks to Historic Low, Fugro Achieves Mid-East Geophysical Milestone, Natural Gas Output Poised for 2020 Declines, Equinor Announces $343MM North Sea Field Investment, China Pipeline Giant to Buy Kunlun Assets for $6.3B, COP Announces Significant Oil Find in Norway, New Croatia LNG Terminal Awaits Cargo from US. Q2 2020 Halliburton Company Earnings Conference Call. HOUSTON – Houston-based Halliburton has laid off 1,000 workers at its headquarters. Layoffs, furloughs, and spending cuts: We're tracking how oil giants from Exxon to Halliburton are responding to the historic price shock Benji Jones,Benji Jones Mar 27, 2020, 20:52 IST In late 2019, Halliburton closed a newly-opened command center in El Reno and let go an estimated 600 workers. By Dana Blankenhorn, InvestorPlace Contributor May 28, 2020, 9:06 am EST May 28, 2020 Halliburton (NYSE: HAL ), the oilfield services company once run by … Halliburton Layoffs in 2020 Houston oilfield service giant Halliburton started the year with 55,000 employees around the world but has laid off nearly 1,200 people in … More than 200 workers at Halliburton facilities in Oklahoma and 36 workers at a facility in Louisiana were laid off in April. MIDLAND, Texas — Layoffs in the oil industry this year could be a sign of things to come in 2020. Source: Forbes. Off-topic, inappropriate or insulting comments will be removed. The job losses are permanent, and it is expected that the facility will remain open. Halliburton Energy Services Inc. announced an additional set of layoffs this week, according to a notice sent to the Oklahoma Office of Workforce Development on April 28. 'audience' : 'News', Halliburton (NYSE:HAL) reports quarterly earnings January 21st. — Halliburton Energy Services has laid off 36 employees at its Broussard facility in April. Warning letters from energy companies have been flooding the Texas Workforce Commission about layoffs and furloughs: 3,500 at Halliburton, 223 at … 'longevity' : 'News', Oilfield firm Halliburton cuts 22 per cent of HQ staff as oil prices crash. 'Region' : 'United_States', Company officials said in a statement released to KPRC 2 on Wednesday the layoffs … The job losses were expected to occur on April 29. “These actions are difficult but necessary as we adjust our business to customers’ decreased activity.”. May 19, 2020 at 2:00 PM CDT Halliburton Company Virtual Annual Shareholder Meeting. Affected employees did not have any bumping rights, and no further information was provided about the job losses in the notice. “The reductions are in addition to layoffs across the Company’s global operations,” the statement read. The layoffs impacted its location at 100 E Halliburton, Duncan, OK 73533. To contact the author, email bertie.taylor@rigzone.com. ... May 17, 2020 My daughter joined Halliburton in … Halliburton Faces Another Set of Layoffs. The source stated finding “suitable employment” hasn’t been possible since losing her job with Halliburton. Apr 20, 2020 at … In February 2015, Halliburton had 260 workers at the location, according to a previous Victoria Advocate story. Author: ... Halliburton is a huge supplier of products and services to the energy industry. Halliburton will lay off 216 employees in North Texas as the coronavirus pandemic continues to depress demand for oil-field services and equipment. Halliburton, which had roughly 4,500 employees at its corporate headquarters in Houston, said the cuts were in addition to reductions across its global operations. In this file photo, a sign is seen on a building owned by Halliburton in Houston. Houston oil field service giant Halliburton has laid off 1,000 employees at its headquarters as record low crude prices continue to take their … Listen to Webcast. announcing a 60-day furlough of 3,500 workers, 200 workers at Halliburton facilities in Oklahoma. Oil giant Halliburton laid off almost 2,700 workers across 3 states amid the 'most severe' downturn in a generation, filings show Benji Jones 2020-05-07T13:00:00Z ” the statement read 06:48 IST Updated 11:45 a.m. CT April 20 or insulting comments will be removed lowest! 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