Us pipeline operator Energy Transfer LP cocratic about 6% of the workforce next week, highlighting the growing impact of low prices for oil and gas in the energy business.
Marshall McCrea, chief commercial officer of the company, based in Dallas, said in a recorded message to employees that the cuts will start Monday and will cover about 6% of the company's employees.
American oil and gas producers have become massively closed down unprofitable wells in response to the decline in oil prices by 45% since the beginning of the year, which led to a reduction in the supply of pipeline operators. By December oil production in the United States may be reduced to 2 million barrels a day from almost 13 million barrels a day in January.
American energy companies on average reduced their expenditure in 2020 for new production by one third, and the loss of jobs is distributed across industry.
In the Energy Transfer, which operates about 90 000 miles oil and gas pipelines, including pipeline access and Mariner East Dakota, until recently, worked for about 12 800 employees, which means the dismissal of more than 750 employees.
Earlier this week, us Chevron Corp said it plans to cut 10% to 15% of its workforce, to cope with falling demand and excess supplies of fuel.
