U.S. job losses in oilfield services and equipment top 100,000: trade group

FILE PHOTO: Drilling rigs operate at sunset in Midland, Texas U.S. February 13, 2019. Picture taken February 13, 2019. REUTERS/Nick Oxford/File Photo

(Reuters) – Oilfield job losses from the COVID-19 pandemic topped 100,000 in the United States in August, according to a report released on Tuesday by trade group Petroleum Equipment & Services Association (PESA), even though some idled drilling projects have resumed.

There was 121,000 oilfield jobs lost in the last 12 months, the report said, with employment in the U.S. sector at its lowest level since March 2017. The bulk of those job losses, 103,420, have come since the pandemic began, the report said.

U.S. crude futures on Tuesday were trading about $37 a barrel, below the cost of production for many U.S. producers. Shale production was 7.6 million barrels per day (bpd) in August, down from 9.2 million bpd in February, before the pandemic crushed fuel demand,

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Life Sciences and Laboratory Equipment Market is expected to reach USD 55,932.4 million by 2023, at a CAGR of 7.2%

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Sep 16, 2020 (Heraldkeepers) —
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The Driving Forces in the Life Sciences and Laboratory Equipment Market

According to this latest publication from Meticulous Research(R), the global life sciences and laboratory equipment market is expected to grow at a CAGR of 7.2% from 2018 to 2023 to reach USD 55,932.4 million by 2023, driven by various government initiatives, increasing investments and funding for life sciences, increasing clinical capabilities, expansion in the various application areas, and growing academic-industry collaborations. Moreover, growing proteomics market,

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