Oil Chiefs predicts a challenging year for oil companies

As oil price continues to drop to $28 per barrel, it proves a very bad time for the oil business. From the result of fourth-quarter earning released by Halliburton, it reports a net income loss of $23 millio, or 3 cent per share that is a decrease by $9.2billion.

Just last week Schlumberger laid off 10000 workers in the fourth quarter. Also, according to Halliburton CEO Dave Lesar, "2016 is expected to be another challenging year."

Even though so many things are going on in oil world, the people who lost more are the engineers. Being laid off from work without a notice, and then destabilizing the Nigerian economy bacause oil is our major source of export.