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Top Offshore-technology.com News

More than 2,000 jobs at risk as oil and gas company enters administration — REUTERS / ixx511

UK Economy · United Kingdom

More than 2,000 jobs at risk as oil and gas company enters administration

61% Center coverage: 13 sources

More than 2,000 Scotland-based jobs are at risk as oil and energy services group Petrofac has applied for administration. The group's operations will continue to trade, and options for restructuring of the company and a possible merger or acquisition are being actively explored with its key creditors, the company said on Monday.See the Story

BP to Sell Stake in US Midstream Assets for $1.5B as Part of $20B Divestment Plan

BP · United States

BP to Sell Stake in US Midstream Assets for $1.5B as Part of $20B Divestment Plan

50% Left coverage: 4 sources

BP Plc agreed to divest stakes in US shale assets to Sixth Street for $1.5 billion as it seeks to shore up its balance sheet and win back investor confidence.See the Story

Russia Faces $50bn Annual Losses From Oil Sanctions as Lukoil Exits International Assets

Vladimir Putin · Russia

Russia Faces $50bn Annual Losses From Oil Sanctions as Lukoil Exits International Assets

50% Center coverage: 4 sources

Russia is expected to lose at least $50bn annually due to oil-related sanctions, as Moscow’s largest private oil producer Lukoil agrees to sell its international assets and Germany considers nationalising operations owned by state-run Rosneft.See the Story

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