You are here

Texas oil workers face axe following fall in prices

At the same time, employment is still growing after billions of dollars invested in new processing plants to take advantage of cheap supplies of oil and gas

ExxonMobil and Chevron are building mammoth chemical crackers to process polyethylene from natural gas.

Baytown, Texas

PLUNGING energy prices robbed the Texas economy of an estimated 60,000 jobs last year, as oil and gas companies put the brakes on production and slashed investment, throwing engineers and geologists out of work.

But the forest of construction cranes sprouting around...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to