Again BP cuts 4000 jobs
Again, British Petroleum will skip 4000 jobs. The reason for this is the still falling oil prices.
For the same reason, last year about 1000 people lost their job.
The company will reduce its worldwide upstream workforce to less than 20,000. The cuts include 600 people working at North Sea projects: they’ll lose their positions over the next two years, with the majority in the first year.
High salaries and dwindling reserves make the North Sea one of the most expensive location for oil production in the world.
According to analysts, the drop in oil prices will continue.
Already Morgan Stanley notes that the price of oil might fall to $ 20 per barrel might come.
Now the price of a barrel crude oil is $ 30 (70% less than in June last year).
Yesterday, the price went even briefly to $ 30 per barrel of crude oil
- Shell continues to buy British Gas, despite doubts
- Shell cancelled billions project Canadian tar sands oil
- BP pays record environmental fine of 18.7 billion for oil spill in 2010
- Energy from Tar Sands Oil, Pros & Cons
- Shell is going to drill in the Arctic
- Shell will get a green light for drilling in Alaska
- Shell will pay for cleaning up polluted Niger Delta
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