Thursday, April 10, 2025
Petrofac to cut staffing levels by 20 per-cent in response to Covid-19-oilandgas360

Petrofac to cut staffing levels by 20% in response to Covid-19

EnergyVoice Oil & Gas 360 Publishers Note: Take note that Petrofrac is lowering the board and senior management compensation during this financial crisis when their employees are affected as well. This is a behavior that investors should note when the tide changes, and it is time to invest in the future. Invest in those companies cutting executive pay and sharing

Vallourec reduces its workforce in North America

Boulogne-Billancourt (France), April 6th 2020 – Vallourec announces today the reduction of its workforce in North America in response to the unforeseen, sudden and significant drop of activity confirmed by its Oil and Gas customers.

China - oilandgas360

Argus launches first domestic LPG index in China

China is the world’s largest consumer of LPG – predominantly propane and butane – accounting for almost a fifth of global demand. Its huge domestic market has traditionally been opaque, offering limited information about trading activity and prices. Residential cooking and heating make up 35pc of Chinese LPG consumption, with petrochemical production and industrial uses accounting for most of the rest.