The 20th of January was a “black Tuesday” for the Service Companies of global oil and gas branches. According to figures of Dave Lesar, CEO of Halliburton, distribution of branches for their Service Companies fell by 25 - 30% as a consequence of the drastic decline in the price of oil. Experts in the US are counting on a drop of around 15% for drilling in the first quarter of this year, compared to the year before.
On this Tuesday therefore, the two leading Service Companies world wide announced a drastic cut back in positions. Schlumberger is cutting 9,000 and Halliburton 7,000 jobs. On the same day during a conference of the Handelsblatt in Berlin, the new head of Siemens Ernergy introduced herself to German energy industry. In the middle of the previous year, she had been acquired by Shell as US strategy expert for the oil and gas service sector to guide Siemens into the US Service sector from Houston. How Siemens would deal with the now completely altered situation and the only recently - but still before the drop in oil prices – concluded acquisition of the compressor producer Dresser Rand for nearly 6 billion Euro, was not even mentioned by Davis, to the great disappointment of economic representatives.