A report from Houston-based consulting firm Graves & Co. shows that the industry has suffered more than 440,000 jobs lost since the beginning of the most recent downturn. The recent years of depressed oil prices and industry uncertainty have been the source of strict CAPEX (capital expenditures) cuts for oil and gas companies worldwide. Layoffs came in droves, much to the detriment of the industry’s workforce. As of Feb. 10, 2017, the total number of oil and gas layoffs around the globe is 441,371, according to data compiled by Houston-based consulting firm Graves & Co. In a Feb. 15 report, John Graves, president of Graves & Co., noted the reduced pace of industry job cuts over the past few months … still, additional cuts may be announced. “There has been no recovery in offshore and international oil and gas activity with the price of crude in the $50 range […]