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Chevron to Slash Budget Over Two Years to Save Cash
2016-03-08 16:07:13| Energy - Topix.net
Oil and natural gas producer Chevron said on Tuesday it will slash its budget by at least 17 percent for the next two years to save cash as crude prices sit near 10-year lows. The outlook from one of the world's largest oil companies highlights the unease permeating the energy industry as executives try to contend with what many are forecasting to be crude prices below $50 per barrel through at least the end of the decade.
Chevron to Slash Budget Over Two Years to Save Cash
2016-03-08 15:51:41| Oil & Gas - Topix.net
Oil and natural gas producer Chevron said on Tuesday it will slash its budget by at least 17 percent for the next two years to save cash as crude prices sit near 10-year lows. The outlook from one of the world's largest oil companies highlights the unease permeating the energy industry as executives try to contend with what many are forecasting to be crude prices below $50 per barrel through at least the end of the decade.
Halliburton to Slash 5,000 More Jobs Amid Oil Slump
2016-02-25 22:11:49| Oil & Gas - Topix.net
Oilfield services provider Halliburton Co , pressured by a prolonged slump in crude oil prices, will further slash its workforce by about 8%, or by 5,000 jobs, company spokeswoman Emily Mir told Reuters on Thursday. The more than 70% fall in global crude prices since mid-2014 has led to a series of job cuts and additional cost-cutting efforts from several companies including the world's largest oilfield services provider, Schlumberger Ltd .
BP to slash 3,000 jobs from downstream segment by 2017
2016-02-03 01:00:00| Offshore Technology
BP has announced plans to cut 3,000 jobs from its downstream segment by the end of 2017, in addition to the 4,000 positions being axed from its upstream division announced last month.
Tags: jobs
segment
downstream
slash
Canada: Climate Change Could Slash Natives' Fish Catches
2016-01-15 21:31:00| Climate Ark Climate Change & Global Warming Newsfeed
KUOW: Northwest coastal tribes have counted on salmon and herring for thousands of years to fill their nets and fuel their cultures. That could change in just a few decades as warmer waters drive fish north, according to a study out this week from the University of British Columbia. Researchers looked at 98 species that native, or First Nations, communities catch on the B.C. coast. "What we find is that most of the species will have a decrease in potential catch and abundance by 2050," said UBC professor...
Tags: change
canada
fish
climate
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