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2016-02-04 19:15:00

CUTTING JOBS & INVESTMENTS

CUTTING JOBS & INVESTMENTS

Oil companies are cutting investment, slashing jobs and selling off pipelines and other assets as crude prices plunge.

"It's going to be a very turbulent year for our industry," says BP CEO Bob Dudley.

The latest warnings came from Exxon Mobil, which reported Tuesday that fourth-quarter earnings fell 58 percent in the oil giant's weakest quarter since 2002. The results were even worse at BP, which posted a 91 percent decline in profit.

Those reports follow Chevron Corp.'s first money-losing quarter in more than 15 years and Royal Dutch Shell's…

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Tags: OIL, GAS, PRICES, JOBS, INVESTMENTS
Chronicle:
CUTTING JOBS INVESTMENTS
2021, April, 16, 11:54:00
ENERGY WEEK CENTRAL ASIA & MONGOLIA 2021
The high-level international investment conference Energy Week Central Asia & Mongolia 2021 will take place on a virtual event platform on 27-29 April bringing together the authorities, project operators of Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, and Mongolia , as well as IFIs/DFIs, multinational energy companies.
CUTTING JOBS INVESTMENTS
2021, April, 16, 11:53:00
7TH MOZAMBIQUE MINING, OIL & GAS AND ENERGY CONFERENCE AND EXIBITION
Since 2008 MMEC has been covering the key developments, policies and projects in Mozambique’s extractive industries. It has become an important networking platform for all stakeholders by showcasing the huge opportunities in the Mining, Energy and Oil & Gas sectors and their ramification on the national economy.
CUTTING JOBS INVESTMENTS
2021, April, 16, 11:50:00
INDIA NEED HYDROGEN INFRASTRUCTURE
India would not only be pushing hydrogen in the transport sector, but would also expand its use to a range of sectors such as chemicals, iron and steel, heating and power.
CUTTING JOBS INVESTMENTS
2021, April, 16, 11:45:00
U.S. INDUSTRIAL PRODUCTION UP 1.4%
U.S. industrial production increased 1.4 percent in Murch.
CUTTING JOBS INVESTMENTS
2021, April, 15, 13:35:00
OIL PRICE: ABOVE $66
Brent was up by 16 cents at $66.74 a barrel. WTI rose 12 cents to $63.27 a barrel.
CUTTING JOBS INVESTMENTS
2021, April, 15, 13:30:00
ЧИСТАЯ ЭНЕРГЕТИКА РОССИИ
«Россия обладает одной из самых «чистых» структур энергетики – более 75% выработки электроэнергии приходится на безуглеродные и низкоуглеродные источники энергии. По этому показателю мы опережаем большинство стран мира, включая США, Германию и Китай», – рассказал Владимир Фургальский.
CUTTING JOBS INVESTMENTS
2021, April, 15, 13:25:00
RUSSIA'S OIL WILL UP
Russia outlined protection of its market share in the international market as one of its main goals for 2021.
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