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2014-02-03 16:38:00

WEATHERFORD CUTS 7000 EMPLOYEES AND SALES $ 5B ASSETS

WEATHERFORD CUTS 7000 EMPLOYEES AND SALES $ 5B ASSETS

WFD plans to cut 7,000 employees from its staff in the first half of the year to save $500 million. The employee reductions are part of a global cost-cutting program started by Weatherford in 2013. 
Company plans to reduce its debt by $3 billion to $5 billion by the end of 2015 by divesting a significant chunk of assets.

More information here.

Tags: WEATHERFORD

Chronicle:

WEATHERFORD CUTS 7000 EMPLOYEES AND SALES $ 5B ASSETS
2018, January, 17, 23:20:00

BP PAYS $1.7 BLN

BP - The Court Supervised Settlement Program (CSSP) established as part of the Deepwater Horizon (DWH) class action settlement is winding down. BP now expects to take a post-tax non-operating charge of around $1.7 billion in its fourth quarter 2017 results for the remaining Business Economic Loss (BEL) and other claims associated with the CSSP. The cash impact is expected to be spread over a multi-year period.

WEATHERFORD CUTS 7000 EMPLOYEES AND SALES $ 5B ASSETS
2018, January, 15, 10:25:00

OIL PRICES: NOT ABOVE $70 AGAIN

REUTERS - Brent crude futures LCOc1, the international benchmark for oil prices, were at $70 per barrel at 0558 GMT, up 13 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $64.53 a barrel, up 23 cents.

WEATHERFORD CUTS 7000 EMPLOYEES AND SALES $ 5B ASSETS
2018, January, 15, 10:15:00

WBG: GLOBAL ECONOMIC GROWTH 3.1%

WBG - The World Bank forecasts global economic growth to edge up to 3.1 percent in 2018 after a much stronger-than-expected 2017, as the recovery in investment, manufacturing, and trade continues, and as commodity-exporting developing economies benefit from firming commodity prices.

WEATHERFORD CUTS 7000 EMPLOYEES AND SALES $ 5B ASSETS
2018, January, 15, 10:10:00

RUSSIAN NUCLEAR ELECTRICITY UP TO 18.9%

ROSATOM - Following 2017, a share of electricity production by Russian nuclear power plants has increased up to 18.9%.

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