China's largest oil and gas producer cuts jobs: state media

ENERGY TECH

by Staff Writers
Beijing (AFP) July 26, 2008
China National Petroleum Corp (CNPC), the country's largest oil and gas producer, is to cut 5 percent of its workforce as it seeks to control costs after a fall in profits, state media said Saturday.

The parent company of PetroChina employed 1.67 million people last year, the state-run China Daily said, which brings the number of job cuts to 83,500.

AFP was unable to confirm the group's total number of employees, and calls made to CNPC went unanswered.

The job cuts were announced at a recent annual meeting of company executives, according to the newspaper.

The news comes after the group posted a 39 percent drop in first half profit to 56.4 billion yuan (8.3 billion dollars), according to the National Business Daily.

Losses in refining operations and increased windfall tax payments, the report said, led to the fall in profits.

Jiang Jiemin, General Manager of CNPC, told state media recently that the company planned to cut office costs, as well as entertainment and business travel spending by more than 10 percent this year.

Memory Foam Mattress Review

SPACE MEDIA NETWORK PROMOTIONS
Solar Energy Solutions
Tempur-Pedic Mattress Comparison ...

Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

ENERGY TECH

Arctic holds 90 billion barrels of oil, mostly offshore: report

Washington (AFP) July 23, 2008
Within the Arctic circle there are 90 billion barrels of oil and vast quantities of natural gas waiting to be tapped, most of it offshore, the government-run US Geological Survey said Wednesday.

ROCKET SCIENCE Russia unveils new spacecraft design Russian Set To Install Soyuz Launch Systems At Kourou NASA Conducts Full-Scale Test Firing Of Orion Jettison Motor NASA in talks for Japanese spacecraft	LAUNCH PAD IBEX Spacecraft Takes Major Step Toward Launch Success Of The 1734th launch Of Soyuz South Korea's First Rocket Launch Might Be Put Off Soyuz-ST To Be Launched From French Guiana In First Half Of 2009
SHUTTLE NEWS External Tank ET-128 Sets New Standard During Recent Shuttle Mission NASA Sets Launch Dates For Remaining Space Shuttle Missions NASA shuttle to take last flight in May 2010 Disaster plan in place for Hubble mission	STATION NEWS ISS Crew Inspired By Vision And Dreams Of Jules Verne Space Station A Test-Bed For Future Space Exploration Space chiefs ponder ISS transport problem, post-2015 future Two Russian cosmonauts begin new space walk
SPACE TRAVEL NASA And Internet Archive Launch Centralized Resource For Images Ares Development Continues UK Space Competition Unearths Young Talent UCF Project Selected For NASA Explorer Mission	DRAGON SPACE China Aims For World-Class Space Industry In Seven Years Shenzhou's Spacesuit Showdown China's Astronauts To Wear Domestic, Russian-Made Suits Shenzhou's Unsuitable Dilemma
ROBO SPACE NASA Robots Perform Well During Arctic Ice Deployment Testing Eight Teams Taking Up ESA's Lunar Robotics Challenge Three Engineers, Hundreds of Robots, One Warehouse Tartalo The Robot Is Knocking On Your Door	MARSDAILY Can People Live On Mars Lander Collects Icy Soil But Needs To Work On Delivery Trench On Mars Ready For Next Sampling By NASA Lander NASA's Phoenix Mars Lander Prepares For Next Sample Analysis

The content herein, unless otherwise known to be public domain, are Copyright Space.TV Corporation. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space.TV Corp on any Web page published or hosted by Space.TV Corp. Privacy Statement