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Baker Hughes lays off 67 workers in Farmington
Baker Hughes Pressure Pumping on Southside River Road in Farmington laid off 67 workers on Tuesday citing low oil and gas prices on the commodities market. In the Nov. 10 letter, Brian Dockey, Baker Hughes' human resources official, said that the... — read more
Latest On The Merger,...
Nov 6th article (google "news on Halliburton baker hughes merger", select article entitled, "Jefferies Throws Shade At The Halliburton/Baker Hughes Merger". Here are the bullet points: •Jefferies has "less confidence" in the HAL/BHI merger being... — read more
I'm out
Finally got the call to leave this pit. Feel free to help yourself to my office supplies.
Do you think Dave Lesar is a good or stupid CEO?
To make an acquisition deal with Baker in such a market situation
Noble Energy - Super Massive Job Losses Today
https://www.thelayoff.com/noble-energy
Oil Prices Will Take 5 Years To Recover - IEA
Prices for crude oil, the world economy’s most essential commodity, will need until 2020 to recover from the price war unleashed last year by Saudi Arabia, the International Energy Agency said Tuesday. Under its base case scenario, the IEA said it... — read more
Latest news:“The rig count in the U.S. has collapsed…and U.S. oil production will continue to drop going forward"
“The rig count in the U.S. has collapsed…and U.S. oil production will continue to drop going forward,” said Torbjorn Kjus, an oil analyst at DNB Markets. He estimates that U.S. oil output will turn negative in the first quarter of 2016, dragged by a... — read more
Why oil execs are getting smaller bonuses this year
When the end of 2015 rolls around next month, CEO’s and executives in the oil and gas industry may not be feeling all that merry and bright. An annual report out this week says compensation for the oil and gas industry executives as a whole is... — read more
Dickenson guys slowed down and they laid them all off.
They quit bidding on work and the same happened in Brighton. So the Rockies have not faired well when it comes to reductions this year.
It does suck!
Guys, I have been glancing at this forum from time to time and it is amazing how much crap is being posted here. There are many people who are genuinely concerned for their careers. It doesn't help to post random nonsense that benefits no-one. If you... — read more
Baker lawsuits
At the moment baker has some serious lawsuits and many environmental problems pending. My advice is that you pull your stocks, pull your 401, pull everything. She's burning as she crash lands and huge chunks are beginning to fall off
There are two easy ways to solve the layoff problem in the oil and gas industry
(1) According to an industry survey, half of the workforce will retire in the next five to seven years due to old age. Well, if these old folks just go ahead and retire right now, the whole industry will not need to lay off any additional workers... — read more
HAL moves ahead with the bond deal amid regulatory doubts ..
• Halliburton (HAL -0.9%) is pushing ahead with plans to sell $7.5B in bonds to finance its $34.6B takeover of Baker Hughes (BHI -1.3%), shrugging off concerns about potential regulatory hurdles. • HAL says the offering will be issued in five... — read more
Used to have 1 manager and multiple coworkers, now have 3 managers and no coworkers.
Will the managers ever feel the pinch? You can only have so many people managing each employee...
It's over
Overall, oil prices are responsible for 101,383 job cuts so far in 2015. A number of companies, including Chevron Corp. (NYSE: CVX), Halliburton Co. (NYSE: HAL), Baker Hughes Inc. (NYSE: BHI), and Schlumberger Ltd. (NYSE: SLB), have experienced... — read more
Recipe of the Day
Get some old lard full of black bits. Deep fry the lard in boiling oil, Take 5 links of 95% fat pork sausage and place them in the lard in the oil. Deep fry for 30 seconds. Remove sausage. Careful - they will be hot! Remove anything resembling meat... — read more
Our wonderful CEO shows up at Rankin facility in a Limo. He does not get out until the driver comes around to open the door for him.
People are losing their jobs at BHI and this prick has the nerve to show up in a f***ing limo. I hope is golden parachute fails and HAL makes him an administrative asst or equal. Or Dave Lesars bitch!
Contractors
Bring in cheap contractors that work without complaining. This will fix our problems.
$1.5 B Termination Fee - Where the heck did that come from?
HAL made an SEC filing today which they posted dealing with the up to $10.8 B worth of bonds they intend to sell to pay for the cash portion of the deal. There's a section that talks about risks. It says the termination fee might (my emphasis -might)... — read more
Levelland Texas Layoffs???
Any news about possible layoffs at this facility?
Nepatism alive and well in Tomball
Sisters working in same office, husband and wife combo, daughter and father combo, son and father combo, all still gainfully employed in Tomball. In each instance one is manager and the other a colleague level. Total bs.
HAL bid does not look that good any more
http://blogs.reuters.com/breakingviews/2015/11/02/halliburtons-baker-hughes-bid-looks-less-refined/
Tomball to close permanently
A very reliable source (director level) has confirmed plans are underway to shut down all of Tomball. Expect announcement within next day or so.
Baker Hughes Layoffs 2016
What is the likelihood of Baker Hughes layoffs in Houston in 2016? Please let me know if you have any information.
Is The Merger Dying?
With the announcement from Jefferies that they are downgrading the likely hood of the merger of BHI & HAL, the share prices fell BHI has fallen today significantly (almost 7% at one stage) with increasing chatter across various news outlets that the... — read more
DING DONG THE WITCH IS DEAD THE WITCH IS DEAD
Share price collapsing under looming failure of deal to complete, the eu, aussies etc will not have the wool pulled over their eyes,the deal is dead in the water, matter of... — read more
Job opening in Hempstead Baker Hughes
Baker Hughes Incorporated has an opening for a Warehouseperson - Wireline at our facility in Hempstead, TX. As a leader in the oilfield services industry, Baker Hughes offers opportunities for qualified people who want to grow in our high performance... — read more
Halliburton
Halliburton is coming to inspect all Baker Hughes shops next week. So get out your broom and make it look nice . Tell the inbred worker to have a couple days off so they don't see em.
Personally, I regret ever being associated with baker!
Sad, but true!