cost cuts | Egypt Oil & Gas

Baker Hughes’ Revenues Record $5.4 B in Q1 2020

Baker Hughes’s revenues reached $5.4 billion during Q1 2020, recording a 3% year on year (YoY) decrease from Q1 2019.

Eskom Foresees Deeper Cost Cuts

South African power utility Eskom's latest pay hike offer could lead the cash-strapped power utility into deeper cost cuts.

BP Balancing Act Maintains Profits in Face of Oil Price Plunge

BP Plc, Europe’s second-biggest oil company, reported first-quarter profit that beat analysts’ estimates as earnings from refining and trading offset lower crude prices.

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