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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.

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Tags: WEATHERFORD
Chronicle:
WEATHERFORD CUTS 7000 EMPLOYEES AND SALES $ 5B ASSETS
2019, August, 16, 10:10:00
MALAYSIA'S GDP UP 4.9%
Malaysia's central bank data on Friday showed second quarter gross domestic product grew 4.9% year-on-year, beating the 4.8% forecast
WEATHERFORD CUTS 7000 EMPLOYEES AND SALES $ 5B ASSETS
2019, August, 14, 12:25:00
OIL PRICE: NEAR $61 YET
Brent crude was down 46 cents, or 0.8%, at $60.84 a barrel at 0639 GMT, after rising 4.7% on Tuesday, the biggest percentage gain since December. U.S. oil was down 62 cents, or 1.1%, at $56.48 a barrel, having risen 4% the previous session, the most in just over a month.
WEATHERFORD CUTS 7000 EMPLOYEES AND SALES $ 5B ASSETS
2019, August, 14, 12:20:00
CHINA'S OIL THROUGHPUT UP 5.6%
For the first seven months of 2019, Chinese crude throughput rose 5.6% from a year earlier to 369.73 million tonnes, or 12.73 million bpd, the NBS reported.
WEATHERFORD CUTS 7000 EMPLOYEES AND SALES $ 5B ASSETS
2019, August, 14, 12:15:00
MENA ENERGY INVESTMENT: $859 BLN
Oil, gas and petrochemical projects, valued at more than US $859 billion, are either underway or planned in the Middle East and North Africa, MENA, of these US $283 billion are projects are being implemented, as the region gets ready to meet the forecast increases in demand for energy over the next two decades.
WEATHERFORD CUTS 7000 EMPLOYEES AND SALES $ 5B ASSETS
2019, August, 14, 12:10:00
INDONESIA NEED INVESTMENT $15 BLN
Coal currently makes up around 60% of the country’s energy mix versus about 5% from geothermal power, according to data from state utility company PT Perusahaan Listrik Negara (PLN).
WEATHERFORD CUTS 7000 EMPLOYEES AND SALES $ 5B ASSETS
2019, August, 14, 12:05:00
IBERDOLA SALES WIND: $2 BLN
Iberdrola will receive 1.63 billion pounds ($2 billion) for the 40% stake
WEATHERFORD CUTS 7000 EMPLOYEES AND SALES $ 5B ASSETS
2019, August, 14, 12:00:00
AUSTRALIA'S CLIMATE CASH $339 MLN
Australia will give A$500 million ($339 million) to Pacific island nations for renewable energy projects and to help them prepare for the impact of climate change
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