UK oil company BP cuts jobs to save costs
BP, the U.K.-based oil company, is implementing a global cost-saving strategy that includes eliminating 4,700 jobs and ...
Upstream3d
Namibia high-profile exploration well close to completion: Namcor
Results from Rhino Resources’ well could be unveiled soon as state oil company updates all Orange basin activities ...
Investors Chronicle13h
Shell profits drop but cost-cutting boosts bottom line
The energy major's 2024 profit came in under forecasts and fell compared with 2023 due to lower oil and gas prices and lower margins in the downstream business. But management has kept to its $3.5bn ...
LinkedIn6d
BP to shed almost 5,000 jobs as part of cost-cutting drive
BP has announced that it will shed about 4,700 staff, or more than 5% of its global workforce, as part of the chief executive Murray Auchincloss’s drive to reduce costs by $2bn. The cuts ...