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 ...
BP is a victim of wishful thinking on fossil fuels
Donald Trump’s inaugural address as US president this week included a eulogy to fossil fuels and the “liquid gold under our feet”. Despite BP’s large oil and gas operations and reserves in Texas and ...
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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 ...
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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 ...
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Shale Oil & Gas News
BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the energy giant.Around 4,700 employees ...