Business
Oil Search lays off 550 workers as energy prices plummet in pandemic – Sydney Morning Herald
The Australian oil and gas producer is axing every third job as the company grapples with plunging fuel demand in the coronavirus crisis.
The cuts come as one of the world’s largest oil and gas companies, Royal Dutch Shell, announced a writedown of up to $US22 billion ($31.9 billion) on the value of its assets overnight following a sim…
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