With the upcoming Presidential elections, many companies in the oil and gas industry are fighting to keep the Obama administration’s plan in operation. Three national groups representing the energy manufacturers and associated businesses have written a letter to President Barack Obama asking oil and gas lease sales in the Beaufort and Chukchi Seas, the Central and Western Gulf of Mexico and parts of the Eastern Gulf, to still be part of the 2017-22 U.S. 226 more words
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Brazil’s state-run oil producer, Petrobras, has said it will cut 12,000 jobs by 2020.
The voluntary layoff programme will help save $9bn at the company, which has struggled with losses following a price-fixing and bribery scandal. 70 more words