Oil Rigs Left Idling Turn Caribbean Into Expensive Parking Lot
http://www.rigzone.com/news/oil_gas/a/139759/Oil_Rigs_Left_Idling_Turn_Caribbean_Into_Expensive_Parking_Lot#sthash.3RCCh6dQ.dpuf
FMC Technologies expects more job cuts this year
http://www.bizjournals.com/houston/news/2015/07/22/fmc-technologies-expects-more-job-cuts-this-year.html
Like many energy companies, Houston-based FMC Technologies Inc. (NYSE: FTI) may have to cut more jobs this year due to the ongoing oil slump.
According to the Houston Chronicle, executives said in a conference call July 22 that the workforce reduction announced earlier this year is mostly complete, but an unspecified number of jobs could still be cut.
In February, the oilfield equipment manufacturer said it planned to cut about 2,000 jobs, about 10 percent of its companywide workforce at the time.
FMC CFO Maryann Seaman expects restructuring charges for the second half of 2015 to total $15 million to $20 million, the Chronicle reports.