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29 Αυγ 2024 · LONDON, Aug 29 (Reuters) - Shell (SHEL.L) plans to scale back its oil and gas exploration and development workforce by 20% as CEO Wael Sawan widens his cost-saving drive to the highly...
29 Αυγ 2024 · Shell is to scale back its oil and gas exploration and development workforce by 20pc as chief executive Wael Sawan widens his cost-saving drive. The cuts to the highly profitable division come ...
Latest news on the Oil and Gas industry including reports on significant industry changes, such as major discoveries, policy changes, technological innovations, market fluctuations, and environmental issues.
12 Αυγ 2021 · Global oil demand is now seen rising 5.3 mb/d on average, to 96.2 mb/d in 2021, and by further 3.2 mb/d in 2022. World oil supply rose by 1.7 mb/d in July to 96.7 mb/d after Saudi Arabia ended its extra voluntary production cut and the North Sea recovered strongly after maintenance.
20 Αυγ 2021 · NEW YORK, Aug 20 (Reuters) - Oil prices closed out their biggest week of losses in more than nine months with another down day on Friday, as investors sold futures in anticipation of weakened...
Mass layoffs and heightened cyclicality in employment continue to challenge the industry’s reputation as a reliable employer. US O&G companies laid off about 14% of permanent employees in 2020, and our research shows that 70% of jobs lost during the pandemic may not come back by the end of 2021.
17 Μαρ 2021 · Oil 2021, the IEA’s latest medium-term outlook, explains why. Rapid changes in behaviour from the pandemic and a stronger drive by governments towards a low-carbon future have caused a dramatic downward shift in expectations for oil demand over the next six years.
