Shell latest oil company to cut Gulf employees

  • Shell announced it would cut nearly 200 jobs from its Gulf of Mexico deepwater operations, just after other energy-based companies such as ConocoPhillips and Schlumberger announced cuts.
  • Houston's job growth slowed to 0.2 percent over the past year compared with 1.5 percent in the state of Texas.
  • Houston's unemployment rate increased annually in May to 4.8 percent.

The Houston job forecast has been grim as of late, and unfortunately for some industries, the bad news only gets worse.

Shell recently announced that it would cut 190 jobs from its Gulf of Mexico deepwater operations in order to remain “competitive and better position Shell’s Gulf of Mexico projects for future growth,” according to a statement to the Associated Press by Shell spokeswoman Kimberly Windon.