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, reported Hellenic Shipping News. BP CEO, Bob Dudely, was quoted by The Guardi...

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 is expected to lead to a total of 120,000 jobs lost by the end of 2016, according to BBC. Oil & Gas UK estimated 84,000 industry em...