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2015-09-03 18:30:00

CONOCO CUTS 10%

CONOCO CUTS 10%

ConocoPhillips said Tuesday that it plans to cut about 10 percent of its global workforce. 

The company will cut about 1,800 positions, with most of the reductions coming from its North American operations. 

About 500 job cuts are expected in Houston.

The company currently employs 3,753 workers at its Houston headquarters.

"Our industry is undergoing a dramatic downturn, which has caused us to look at our future workforce needs," a ConocoPhillips spokesperson told.

Further details about the cuts have not been released yet.

petroglobalnews.com

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CONOCO SELLS INDONESIA 

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CONOCO SELLS CLAIR: 24%, $3 BLN 

CONOCO STUDIES CHILE 

CONOCO SOLD NIGERIA 

EXXON & CONOCO: BEAT EARNINGS 

CONOCOPHILLIPS 1Q UP 

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Tags: CONOCOPHILLIPS, OIL, PRICES

Chronicle:

CONOCO CUTS 10%
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WNA - Apart from adding capacity, utilisation of existing plants has improved markedly since 2000. In the 1990s capacity factors averaged around 60%, but they have steadily improved since and in 2010, 2011 and 2014 were above 81%. Balakovo was the best plant in 2011 with 92.5%, and again in 2014 with 85.1%.

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PLATTS - "The domestic uranium mining industry needs US government assistance to survive the foreign onslaught -- particularly from Russia and Kazakhstan -- that has undermined the US uranium industry while new players -- particularly China -- will soon make the situation worse," Energy Fuels and Ur-Energy said in a petition they jointly filed with the department.

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