PESA says oilfield job losses exceed 100,000, but layoff rates are slowing

The monthly Oilfield Services and Equipment Employment Report, compiled and published by the Petroleum Equipment and Services Association, shows total job losses due to pandemic-related demand destruction reached 103,420 in August. OFS employment is down more than 121,000 jobs since August 2019 and is at its lowest point since March 2017. More »