UK Oil and Gas Firms Plan to Cut More Jobs

• Monday, 6th June 2016
• by Egypt Oil & Gas

About 32% of UK’s oil and gas companies, more than four in 10, are planning to cut more jobs in 2016 in response to the downturn in the industry, Bank of Scotland (BoS) said in ‘Re-evaluating Strategies...

Brazil’s Petrobras Reduces Costs Affecting Up to 12,000 Jobs

• Monday, 4th April 2016
• by Egypt Oil & Gas

Brazil’s troubled state-run oil company Petrobras announced a beefed up voluntary layoff program that could affect up to 12,000 jobs amid intense efforts to cut costs.  The movement came days after the company informe...