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Oil and gas industry 'needs $US170 billion cut in costs'
2015-01-26 07:23:50| Oil & Gas - Topix.net
Large-scale corporate M&A deals are more likely than at any point since the late 1990s. Photo: Jessica Shapiro The global oil and gas industry needs to cut costs by at least $US170 billion to avoid an increase in net debt, with cutbacks a matter of survival for some companies as they struggle with plummeting oil prices, according to consultancy Wood Mackenzie.
Canadian Oil Price Casualty: Suncor To Cut 1000 Jobs, Slashes Spending Budget by $1B
2015-01-25 06:30:26| Oil & Gas - Topix.net
Another Canadian energy company has fallen victim to the plunging global crude oil prices. Suncor Energy Inc., Canada's biggest energy company, has announced on Tuesday it will be laying off 1.000 jobs as it slashes some $1 billion from its spending budget earmarked for 2015.
India To Propose Global Collaboration Solar Power R&D To Cut Costs
2015-01-25 01:00:00| Climate Ark Climate Change & Global Warming Newsfeed
CleanTechnica: In an attempt to boost its image as a global leader in the solar power market, India is planning to propose a collaboration among nations to promote research and development with an aim to reduce costs. The Indian Prime Minister, Narendra Modi, has floated this idea among his council on climate change. According to the information provided by the ministry for environment and forests following the council`s first-ever meeting, the Prime Minister proposed the countries with high solar energy resource...
Tags: power
global
costs
india
GM to cut production of Chevy Sonic, Buick Verano
2015-01-24 09:20:20| Automakers - Topix.net
General Motors is cutting production of its Chevrolet Sonic and Buick Verano small cars amid higher-than-normal inventories, a sign that low gasoline prices could be weakening the sales outlook for small cars. GM's Orion Assembly plant in suburban Detroit will be idled the weeks of Feb. 16 and April 6 to adjust supply to market demand, according to two people with knowledge of the plant's production schedule.
Tags: production
cut
sonic
verano
NPower becomes fourth energy firm to cut prices
2015-01-24 07:10:02| Energy - Topix.net
NPOWER has become the fourth major energy company to cut prices this week - as a study from the industry watchdog found that consumers could be 250 better off on a fixed deal, despite the falling prices. The firm slashed its gas bills by 5.1 per cent - the biggest of the reductions so far and coming after Big Six rivals British Gas, E.ON and ScottishPower all reduced their prices amid falling wholesale costs.
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