The new rule modernizes some aspects of commercial oilfield waste disposal and recycling. But rules for burying oilfield waste on private property remain limited.
BP’s CEO Murray Auchincloss told the company in the memo that the cuts are part of a plan to bring costs down and restore investor confidence in the stock. He said BP will undergo reviews across all departments before laying off employees.
Curious Minds Corner
Which country is the largest producer of natural gas in the world?
The United States is the largest producer of natural gas.