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As oil plunges, energy companies cut jobs, postpone projects

2016-01-12 22:20:37| Oil & Gas - Topix.net

The world's biggest oil companies are slashing jobs and backing off major invest... . In this Wednesday, Nov. 25, 2015, photo, Cornelio Bonilla pumps gas at Best Food Mart gas station in Gainesville Ga.

Tags: jobs companies energy cut

As oil plunges, energy companies cut jobs, postpone projects

2016-01-12 22:20:36| Oil & Gas - Topix.net

The world's biggest oil companies are slashing jobs and backing off major investments as the price of crude falls to new lows - and there may be more pain to come. Companies like BP, which said Tuesday it is cutting 4,000 jobs, are slimming down to cope with the slump in oil, whose price has plummeted to its lowest level in 12 years and is not expected to recover significantly for months, possibly years.

Tags: jobs companies energy cut

As oil plunges, energy companies cut jobs, postpone projects

2016-01-12 22:20:35| Oil & Gas - Topix.net

This Thursday, Jan. 15, 2015 file photo shows a BP logo outside a petrol station in the town of Bletchley in Buckinghamshire, England. The world's biggest oil companies are slashing jobs and backing off major investments as the price of crude keeps falling - and it may be just the beginning.

Tags: jobs companies energy cut