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Big Oil Gets Serious on Cost Cuts in Worst Slump Since 1986
2015-01-19 08:34:46| Oil & Gas - Topix.net
Major oil companies are awaking from their slumber and facing up to the magnitude of the crash in crude prices. From Royal Dutch Shell Plc canceling a $6.5 billion project in Qatar to Schlumberger Ltd. firing about 9,000 people and Statoil ASA giving up exploration in Greenland, the oil industry this week concluded that the slump is no blip.
Big Oil Gets Serious on Cost Cuts in Worst Slump Since 1986
2015-01-19 06:12:17| Electronics - Topix.net
Major oil companies are awaking from their slumber and facing up to the magnitude of the crash in crude prices. From Royal Dutch Shell Plc canceling a $6.5 billion project in Qatar to Schlumberger Ltd. firing about 9,000 people and Statoil ASA giving up exploration in Greenland, the oil industry this week concluded that the slump is no blip.
Schlumberger announces 9,000 job cuts due to lower commodity pricing
2015-01-19 01:00:00| Offshore Technology
Oilfield services firm Schlumberger has announced it will cut 9,000 jobs in response to lower commodity pricing and expects lower exploration and production spending this year.
Brownback targets Affordable Airfare Program for cuts
2015-01-17 01:49:57| Airlines - Topix.net
In October, Southwest Airlines was approved to receive a total of $6.5 million in state and local money through the Affordable Airfares program to help make up for the loss it experienced in its first months in Wichita.
Tags: program
affordable
targets
cuts
BP cuts 200 staff, 100 contractors as oil prices fall
2015-01-15 15:01:04| Oil & Gas - Topix.net
BP has announced it will cut an estimated 200 staff jobs and another 100 contracting jobs in light of falling oil prices. The company said Thursday the cuts will be made in onshore roles, not in offshore operational positions.
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