BP Declares 44% Drop in its Profit in Q2 2016

• Wednesday, 27th July 2016
• by Egypt Oil & Gas

BP reported that its profit for the second quarter of 2016 has dropped by 44% to $720m, compared with $1.3b for the second quarter of 2015.

UK Expected to Lay Off 120,000 Oil Workers by End 2016

• Sunday, 12th June 2016
• by Egypt Oil & Gas

The aftermath of the international downturn in the oil and gas industry, in the UK – which has been struggling with this sector since mid 2014 – is expected to lead to 120,000 job losses in the sector by the end of 2016