November-December 2015 Archives Page 4 of 4 - OILMAN Magazine
#OilmanNEWS 2015 November-December 

Louisiana Budget Crisis Results from Declining Oil and Gas Prices

The Louisiana oil and gas industry is facing tough times right now with record shortfalls in production, overall decreasing oil prices and a U.S. versus Saudi Arabia oil dispute. The state is bracing for cuts across the board. Future predictions according to Don Briggs, president of Louisiana Oil and Gas Association, are more “bankruptcies, mergers and acquisitions that will be reminiscent… Read More
#OilmanNEWS 2015 November-December 

Oil Jobs to be Cut by GE in Lufkin, Texas

With the plunge in global oil prices expected to continue and a crude oil oversupply in the U.S., companies including General Electric (GE), the industrial conglomerate, are being forced to take drastic measures within sectors of their portfolios. GE will be closing Lufkin Industries and tacking on another 262 job losses, bringing the total to over 800, as of Aug. 24.… Read More
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