When earlier this year Whiting Petroleum announced it would cut a third of its workforce, the news did not make a huge splash as it was lost among other cost-cutting efforts in the industry. But when earlier this month Halliburton said it was cutting 650 jobs, the signal became clearer: the U.S. shale boom is slowing and businesses are preparing for a bad-case scenario where the slowdown extends. Indeed, the U.S. oil and gas industry is bleeding jobs. Reuters’ John Kemp reports , citing official data, that the oil and gas support segment had shed 14,000 jobs between October last year and August this year. That’s a 5-percent decline and while it might not be worrying in itself, combined with other data from the industry, it does suggest a slowdown is in motion. New drilling rig additions between September 2018 and August 2019, Kemp wrote, fell by as much […]