One million service jobs lost this year: Rystad

THE global oil field service industry will lose over one million jobs this year as oil prices and ongoing COVID-19 worries lead to low project volumes, with most of the pain felt by the shale sector, accounting for a 20% loss overall.

One million service jobs lost this year: Rystad One million service jobs lost this year: Rystad One million service jobs lost this year: Rystad One million service jobs lost this year: Rystad One million service jobs lost this year: Rystad

FIFO workers eat in a quarantined cafeteria. Image CMEWA.

 

Rystad Energy analysis suggests contractors could cut the workforce by 21% globally this year alone.