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2015-08-02 18:05:00

CENTRICA CUTS 6,000 JOBS

CENTRICA CUTS 6,000 JOBS

UK-based Centrica said Thursday it will cut 6,000 jobs and shrink the size of its oil business as it refocuses on energy supply.

According to Reuters, the company will slash its headcount by about 6,000, although it expects to create 2,000 positions in new business areas.

Centrica has not disclosed details about the layoffs but said that half of the cuts will be made through redundancies.

The firm also plans to sell up to $1.56 billion worth of wind and upstream assets by 2017, Reuters added.

Centrica is targeting $1.171 billion, or about £750 million, in cost efficiencies per year by 2020, with about two-thirds of those savings expected to be delivered by the end of 2018.

CEO Iain Conn told investors that Centrica now considers its Canadian E&P business to be "non-core."

"We will not look to grow our Canadian business and will seek ways to maximize value from our existing position in close coordination with our partner, Qatar Petroleum," Conn said.

reuters.com

More:

SHELL CUTS 6,500

SAIPEM CUTS 8,800

WEATHERFORD CUTS 11,000

SCHLUMBERGER DOWN 30%

TECHNIP WILL REDUCE 6,000

 

Tags: CENTRICA, OIL, GAS, PRICES

Chronicle:

CENTRICA CUTS 6,000 JOBS
October, 20, 12:10:00

NORWAY'S PRODUCTION DOWN 171 TBD

NPD - Preliminary production figures for September 2017 show an average daily production of 1 772 000 barrels of oil, NGL and condensate, which is a decrease of 171 000 barrels per day compared to August.

CENTRICA CUTS 6,000 JOBS
October, 20, 12:05:00

ЦЕНА URALS: $ $55,55881

Средняя цена на нефть Urals за период мониторинга с 15 сентября по 14 октября 2017 года составила $55,55881 за баррель, или $405,6 за тонну.

CENTRICA CUTS 6,000 JOBS
October, 18, 19:10:00

OIL PRICE: ABOVE $58

Brent crude futures, the international benchmark for oil prices, were at $58.16 at 0643 GMT, up 28 cents, or 0.5 percent from their last close - and almost a third above mid-year levels. U.S. West Texas Intermediate (WTI) crude futures were at $52.03 per barrel, up 15 cents, or 0.3 percent, and almost a quarter above mid-June levels.

CENTRICA CUTS 6,000 JOBS
October, 18, 19:05:00

РОССИЯ: БОЛЬШЕ НЕФТИ И ГАЗА

Александр Новак отметил рост основных показателей всех отраслей энергетики в прошлом году: «Мы имеем рекордные показатели за прошлый год по добыче нефти, угля. Идёт рост добычи и экспорту газа, в том числе в Европу на уровне 15 процентов. По углю мы наблюдаем рост добычи даже больше уровня прошлого рекордного года. Также отмечается рост производства электроэнергии на 2%, что говорит об оживлении экономики».

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