Saudi Arabia Wooing Fired U.S. Shale Workers to ‘Join Our Team’
A crude oil facility outside Williston, North Dakota, on Feb. 12
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Workers fired from U.S. shale fields after the collapse in oil prices could soon have a new boss: the nation some blame for driving that decline.
The state-owned Saudi Arabian Oil Co., also known as Saudi Aramco, is posting new job ads online aiming to snap up experts in extracting oil from shale as the country seeks to become a leader in that rapidly expanding effort. Tens of thousands of U.S. workers have been fired since November as oil prices plunged because of oversupplies, driven in part by an OPEC decision supported by Saudi Arabia.