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revenue loss

Total may cut jobs after $12bn revenue loss

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Total

French oil and gas outfit, Total may downsize its workforce after the company suffered a whopping $12 billion deficit in its revenues forecast. Consequently, the company  stated its plan to adopt a cost-cutting mechanism to match the deficit, while maintaining that it anticipated a $12bn revenue shortfall due to a fall in oil prices occasioned by the […]

Oil & gas records 5% revenue loss between 2013-2014- NEITI

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NEITI

Nigeria’s oil and gas sector saw a revenue fall of 5 percent between 2013 and 2014, the Nigeria Extractive Industries Transparency Initiative (NEITI) latest report has revealed. The total revenue flow for the sector fell from $58.07 to $55.5 billion between 2013 and 2014, a decline of about 5%. However, the solid minerals sector in […]