Tag: BP

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  • BP layoffs 4000 workers

    BP is firing 4,000 workers as oil prices continue downward spiral

    British oil and gas company BP has announced plans to terminate 4,000 employees or approximately 5% of its global workforce. The company on Tuesday says it aims to reduce its global oil production, or upstream, headcount by 4,000 to 20,000 as it undergoes a $3.5 billion restructuring program. The company said total headcount at the […]

  • Valhall Oil Field

    BP partially evacuates North Sea Valhall oil field

    Violent weather in the North Sea has left one worker dead and prompted an evacuation after a barge broke loose in the storm. Statoil, a Norwegian company, and China Oilfield Services Limited, issued a statement saying they had learned “with great sadness” that one person had died and two were injured after a wave broke over […]

  • 5 Years In: 10 Things We’ve Learned About Deepwater Horizon

    Image Source Close to five years and one week ago the Deepwater Horizon oil rig collapsed into the Gulf of Mexico, leading to a total of 87 days of oil slick expansion. At the time, 11 offshore workers were killed, 17 injured, and an oil slick covering 16,000 square miles began to form. As the […]

  • Top Brands That May Disappear in 2011

    There are many brands that people recognize, but they won’t all be around forever. While that’s unfortunate, it’s part of the way products work. They have a life cycle, just like everything else. Brands usually don’t disappear when they’re highly popular, but they occasionally are taken off of the market before they lose all of […]