Oil Majors Make Uncomfortable Admissions

Oil Majors Make Uncomfortable Admissions
Here are some of Rigzone's top stories during the last week, just in case you missed them...

The biggest risk to oil prices from a Biden administration would be reconciliation with Iran, according to investment bank Jefferies. The company outlined that rapprochement with the country would potentially bring two million barrels per day of additional supply into the market.

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Bilfinger Cuts Almost 6000 Jobs

Bilfinger had 5,936 fewer employees in the second quarter of 2020 compared to the same period last year. More than 2,500 staff members have been cut just this year.

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Seadrill to Cut 168 Jobs in Houston

Seadrill Americas, Inc. has notified employees of pending layoffs at its 11025 Equity Dr., Suite 150 location in Houston.

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To contact the author, email andreas.exarheas@rigzone.com


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