Friday, July 31, 2015
Royal Dutch Shell has announced plans to lay off 6,500 jobs this year due to global decline in oil prices.
While announcing a 35% decrease in its profit, a statement from the company says it is intending to slash operating costs for 2015 by 10%. The London-listed oil firm said it may force to cut more jobs next year warning that lower oil prices could continue for several years.
“We’re taking a prudent approach, pulling on powerful financial levers to manage through this downturn. We have to be resilient in a world where oil prices remain low for some time, whilst keeping an eye on recovery,” Chief executive Ben van Beurden said.
“It not just oil but the prices of natural gas have depressed for a number of years. So, it’s the mixture of the two and clearly oil companies will be cutting back on investment and staff. Clearly, the longer the oil and gas prices stay low, they will need cost cutting”, Marco Pietroboli, a London-based economist told Press TV.
Anglo–Dutch multinational oil and gas firm currently employs about 94,000 people. This is the first time the company has announced cost cutting measures for this year. “These are challenging times for the industry, and we are responding with urgency and determination, but also with a great sense of excitement for the future.”
The cost of oil slumped over a year ago – dropping more than 50%. It has mainly attributed to falling demand in many emerging economies in Asia, and soaring production of shale oil in the United States.
OPEC has so far maintained the previous output amid opposition from members especially Saudi Arabia over the production cut. Many analysts say the refusal to slash output by some countries is merely aimed at protecting their market share from the US challenge.
“The US and Russia are not part of the OPEC. If some countries bring down the output doesn’t impact the price at all as some other counties may increase their production. Every member of OPEC is primarily looking for its own best interest not of the OPEC because not only industries of these countries need revenue but also the governments”, said Pietroboli.
“There’s a myth that the oil prices decline are generally positive. Lower oil prices is good for consumers because they have more disposable income on other items but it is obviously not good for producers and government that drive a lot of revenues from oil industries”, he concluded.
Shell isn’t only multinational firm that is trying to grapple with cheap oil. This week, American multinational energy corporation, Chevron said it would cut 1,500 jobs in an effort to cut costs by $1 billion.
Meanwhile, Shell has also unveiled plans to reducing capital expenditure to $30 billion, down by 20 percent from a year ago. Perhaps the measure is aimed to complete a mega-takeover of British rival BG Group worth $73 billion which Shell announced earlier this year.
Credit to Eutimes.net
A state-of-the-art artillery system and anti-torpedo complex are being added to Russia’s naval arsenal, media reports said Friday.
Plagues of locusts are swarming large areas of southern Russia, threatening thousands of acres of crops and in some places darkening the skies.
A video shot by a local man in Achikulak, a village in the Stavropol region, shows thousands of the bugs swarming towards a church. Other videos, screened by local TV channels, showed clouds of locusts flying overhead.
“It was very frightening,” Lubov Timus, a local woman who lives in Achikulak, told ABC News. “Some were as big as your finger! They came like a clouds.”
The waves of locusts began around July 20, according to Stavropol’s regional agricultural ministry. Vasilii Yegorov, a deputy agricultural minister, told ABC News that locusts appear in the region every year but normally they are able to exterminate them before they hatch.
This year though, Yegorov said, locusts had migrated from neighboring Russian regions, meaning authorities were unable to halt them easily, threatening what is one of Russia’s major farming areas.
Swarms have been reported across many other southern regions, stretching from Chechnya to the Astrakhan province on the Caspian Sea. Because of the locusts, a state of emergency has been declared in three regions near Stavropol, according to local media. In Stavropol alone, efforts to kill the insects have stretched across more than 350 miles, according to officials.
Yegorov said Stavropol authorities currently had the infestation under control and were spraying pesticide every day.
Brief Background Related to the Midland Walmart
Marlon Brock Contacts Me On July 25, 2015
Connecting the Dots In Midland
Curious Job Posting
Elite Protective Services, LLC has immediate need for Armed Security Officers (Fulltime or Parttime ) for FEMA contract that are physically capable to meet the demands of emergency response. Must have commissioned card in hand, clean driving record and prepared for immediate start. Pay Rate $18.00 per hour. Able to work 10-12 hour shifts.TO RESPOND – EMAIL RESUMES ARMED SECURITY OFFICER JOB SUMMARY
Observes and reports activities and incidents at an assigned sites, providing for the security and safety of property and personnel. Makes periodic tours to check for irregularities and to inspect protection devices and fire control equipment. Preserves order and may act to enforce regulations and directives for the site pertaining to personnel, visitors, and premises.
MINIMUM QUALIFICATIONS AT ENTRY
* Must be at least 18 years of age. (some sites require 21 years of age)
* Must have 2 years experience as a security officer, military and/or police
*Must to commissioned Security Guard, Law Enforcement or Peace Officer
* Must have a High school diploma or GED.
* At least one verifiable employer.
* Successful completion of Criminal Background check.
* No criminal convictions.
* At least two forms of ID (Social Security- D L- Passport – Work Authorization).
* Ability to communicate effectively both orally and in writing.
* Authorized to work in the United States.
* Must pass Drug Screening test.
* Neat and Professional Appearance.
* Friendly and Professional customer service.
* Must have active Phone
* Must have Reliable Transportation
* On call for additional hours to handle call off’s and emergency coverage