Trending News: Oil Falls to Lowest Since Start of Iran War After Ceasefire Deal SignedHormuz Reopening to Release Wave of Oil Supply, Depress PricesUS Signs $725 Million Loan Pact with Energy Fuels to Boost Domestic Rare Earth ProductionGulf Exporters’ Quest to Bypass Hormuz Will Reshape the Region: BoussoTop Stories Of The Day: PM Surya Ghar Rules Simplified; Smart Grid Tender Opens; MNRE Adds New Solar Partners and More…Acme’s Oman green ammonia project set for $4.2bn expansionQuantum Helium confirms 2.5% helium concentrations in ColoradoGreen Energy Stocks Drive Market Momentum As Sensex And Nifty End Higher (18 June 2026)Philippines And Indonesia Firms Accelerate Electric Transition Amid Infrastructure ConcernsBurckhardt supplies tech for Northern Lights first liquefied CO2 carrierWorld Bank Approves €400 Million To Expand Türkiye’s Wind, Solar, And Battery Storage CapacityAmasia Solar & Infra Pvt. Ltd. Honoured with Best Renewable Energy Initiative for Rural Development Award at Telangana Energy Excellence Awards 2026120,000-tonne Jordan green ammonia projects secures landBOC showcases latest oxy-hydrogen fuel cutting tech to BCGAUS and Iran sign peace dealUS and Iran sign peace dealUS and Iran sign peace dealVideo | How better medical gas management reduces costs and emissionsFalling Murban and Dubai Prices Open Arbitrage to U.S. and EuropeExxon Set to Supply LNG to South Africa’s First Import TerminalIEA Sees Massive Oil Surplus In 2027 As Middle East Supply ReturnsUS, Iran Peace Pact Takes EffectCGA awards Airgas for safe facility performanceIEA cuts likely 2030 clean hydrogen project pipeline by 40%Activist TOMS Capital Pushes US Shale Producer Devon to Quicken Asset Sales or Sell ItselfHow Jones Act Waivers Keep Energy Moving – API FeatureGlobal Gas Markets Get Another Boost as Australian LNG Strike EndsFirst Iranian Oil Moves Past U.S. Blockade Ahead of Deal SigningECB: Iran Peace Deal Won’t Erase Europe’s Energy Price ShockPoland Moves To Tax Fuel Windfalls Earned During Iran WarTotalEnergies: Saudi Refinery Won’t Fully Recover Until 2027Morgan Stanley Lowers Oil Price Forecasts After US-Iran Peace DealWhile Trump Hails Gulf Oil Flowing, Iran’s Fleet Also Gearing Up to Boost ExportsUS Crude and Gasoline Inventories Fell Last week, Distilltes Rose, EIA SaysTrump Erases Another $765 Million in Offshore Wind LeasesUS Shale Stays in the Money Despite Oil Price DropTrump Suggests Sanctions on Iran Could be Removed Once ‘They Behave’MCi Carbon starts CO2-to-minerals production in AustraliaMCi Carbon starts CO2-to-minerals production in AustraliaInfortar completes biomethane plant in EstoniaPhelan Green selects Johnson Matthey tech for South Africa e-SAF projectAmogy eyes Japanese ammonia cracking deployments for hydrogen importsIran to Get Major Economic Relief under US DealOil Prices Crash as Traders Bet the War Is OverUS Crude Oil Inventories Down Again, Losing 52 Million Barrels in 9 WeeksOil Tankers Reverse Course on Hopes of Hormuz ReopeningChina Bets on Ultra-Deep Shale Gas to Boost Energy SecurityChina’s Gasoline Car Market Is Crashing as Fuel Prices SurgeQatar Prepares LNG Comeback Ahead of Hormuz ReopeningAir Liquide to support 90,000 Spanish patients with AI-enabled homecareOil Prices Steady as Investors Weigh Peace Deal, IEA Glut ForecastsGOING DEEPER: Understanding the U.S. Strategic Petroleum Reserve (SPR) – How It Works & MoreDeveloping World Won’t Completely Entrust Energy Security to the US, Says Cheniere Energy’s CFOTop Stories Of The Day: Deloitte-IPS Energy Alliance; India Solar Hits 157 GW; ₹15,032 Cr Infra Boost and More…Green Energy Stocks Shine As Indian Markets Close Higher Amid Mixed Sector Performance (17 June 2026)Sicily’s first green hydrogen project gets green lightQuantum computing startup claims electron-on-helium breakthroughKanata and Hanwha Ocean advance Canadian FLNG projectKanata and Hanwha Ocean advance Canadian FLNG projectMiddle East Conflict Accelerates Southeast Asia’s Solar Shift Amid Rising Energy Costs—ReportAtome’s green hydrogen fertiliser project at risk after Paraguay scraps power decreeM-BAT Initiative Advances Sustainable Recovery of Lithium, Nickel, Cobalt and GraphiteResearch project aims to unlock underground hydrogen storage beyond salt basinsEcoCeres extends SAF deal with British Airways to 2030EcoCeres extends SAF deal with British Airways to 2030Inox Wind Signs MoU to Supply 1,500 MW of Wind Turbines to Inox Clean EnergyCanada targeting more LNG offtakes with EuropeNorway awards $82m to hydrogen and ammonia-powered shipsOhmium to support FEED work on Hynfra’s large-scale green ammonia projectsVideo | How data can transform medical gas managementAir Liquide advances largest steel ASU in ChinaAir Liquide advances largest steel ASU in ChinaShell signs e-SAF tech license deal with EngieShell signs e-SAF tech license deal with ENGIETrump Deal Resumes Iran Oil Sales ImmediatelyAustralian LNG Strike Threatens Global Gas Supply as Qatar Recovery LagsU.S. EV Adoption Slows While Global Demand AcceleratesIran Deal Includes $300 Billion Fund, More Than Half of Which Already Committed, Source SaysUK to guarantee enriched uranium supplies to UkraineCore Power to assess BWXT SMRs for floating nuclear power plantsTerraPower’s Natrium reactor begins UK GDA processPodcast: Urenco expansion plans to fuel nuclear growthConocoPhillips Set to Become First U.S. Major to Sign Post-War Syria Gas DealBanks Slash Oil Price Forecasts After U.S.-Iran BreakthroughWorld’s Largest Tanker Operator Cautions Against Hormuz RushIndia’s ONGC Considers Resuming Venezuela Oil OperationsQatar Eyes Quick LNG Restart Once Hormuz ReopensDubai and Murban Crude Signal End of Middle East Supply CrunchEurope Wary of Sending Hormuz Aid as Questions LingerOil Drops Over 2% to 3-Month Low as Markets Weigh US-Iran Peace DealUS Grid’s $1 Trillion Problem Could Equal a $1 Billion Payout for Power CEOsSpot Oil Premiums Slip to Pre-War Levels After US-Iran Deal, But Shipping Angst Provides FloorThe US is Using an Iranian Smuggling Tactic to Sneak Oil Out of the GulfTACO CONFIRMED: Oil Markets Bet Trump Would Chicken Out on Iran. They Won: BoussoUS Natgas Prices at Waha Turn Positive for First Time Since February as Pipeline Constraints EaseTSMC and Amkor lock in Arizona chip packaging dealDwyerOmega acquires Ohio-based Lake Shore CryotronicsVideo | Semiconductors in Europe: growth, gaps and the road to 2030US firm secures $4.5m to develop quantum-designed hydrogen catalysts with less iridiumExplained: Next-Generation Smart Solar Modules: How AI Is Transforming PV Manufacturing And Performance Analysis

Oilfield Service Companies Add More Jobs in November, Trade Group Says

Business & Policy
December 10, 2024

WHY IT’S IMPORTANT

Oilfield service hiring can serve as an indicator of the health of the sector. Companies bringing on more employees could imply more drilling to come.

BY THE NUMBERS

Total jobs in the U.S. energy services sector rose to 655,630 in November, up from 654,062 in October, the data showed. In Texas, home of the prolific Permian basin which accounts for just under half of national oil production, 765 jobs were added, bringing the state’s total to 319,489.

CONTEXT

President-elect Donald Trump promised voters lower fuel prices, pledging to ramp up domestic production in his “dril, baby, drill” campaign. But in practical terms, Trump cannot fully control prices. And producers broadly remain focused on capital discipline over new drilling.

(Reporting by Georgina McCartney in Houston; Editing by Bill Berkrot)