Sunday, August 3, 2025
Exclusive: Oil major BP to cut 15% of workforce- oil and gas 360

Exclusive: Oil major BP to cut 15% of workforce

Reuters LONDON – BP will cut about 15% of its workforce in response to the coronavirus crisis and as part of Chief Executive Bernard Looney’s plan to shift the oil and gas major to renewable energy, it said on Monday. Looney told employees in a global online call that the London-based company will cut 10,000 jobs from the current 70,100.

Norway parliament grants more tax relief to oil sector- oil and gas 360

Norway parliament grants more tax relief to oil sector

Reuters OSLO – Norway’s parliament has agreed additional tax breaks for the oil industry on top of those proposed by the minority government to spur investment and protect jobs, the ruling Conservative Party said on Monday. Equinor and other companies hit by low crude prices as the COVID-19 pandemic has destroyed demand, had said the government’s plan to postpone tax