Post Tagged with: "job cuts"

Saudi Aramco to use cash and debt to uphold dividends pledge amid reports of job cuts

Saudi Aramco to use cash and debt to uphold dividends pledge amid reports of job cuts

CNBC


Saudi Aramco maintained its pledge to make good on its dividend payments, saying Thursday that it would mobilize cash and debt to fulfill the $18.75 billion payouts for the first quarter of this year despite taking a hit from …

Source: Houston Chronicle

Apache reports muted first results in Suriname

Houston Chronicle


Houston’s Apache Corp. announced muted initial results of its exploration drilling at its hotly anticipated prospect offshore of the tiny South American nation of Suriname.

Apache said it is conducting testing at two upper Cretaceous plays at about …

Source: ussilica.com

U.S. Silica cuts 10% of workforce as frac sand demand wanes

Reuters


U.S. Silica Holdings Inc said on Friday it had cut about 230 jobs, or 10% of its workforce, as demand for its frac sand comes under pressure from oil and gas producers reducing drilling in the backdrop of volatile …

Source: oklahoman.com

Gulfport Energy to cut jobs, halt share buybacks

Reuters


NEW YORK – U.S. gas exploration and production company Gulfport Energy Corp (GPOR.O) on Monday confirmed that it would cut jobs, change its board and end its share buybacks, in a bid to reverse a slide in …