The acronym NARS(NASA) means : National Archives And Record Services
The abbreviation NARS stands for: (NASA) National Archives And Record Services
NARS (NASA) means: National Archives And Record Services
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Astrological/horoscope meaning of NARS. NARS means:
The persistent plunge in oil prices has translated into a new round of industry job cuts.
The British oil giant BP is cutting some 4,000 of the approximately 24,000 jobs in exploration and production over the next two years amid sharp drops in the price of crude. That would be in addition to about 4,000 jobs that the company cut last year, when it trimmed its work force to about 80,000.
The cuts in BP's upstream business globally will include the loss of some 600 jobs in the North Sea.
“We have to make sure we have a competitive and sustainable business,” David Nicholas, a company spokesman, said by telephone. “External market conditions are getting tougher.”
After oil prices began dropping in 2014, BP was among the companies warning that the price plunge could be deep and sustained. After falling about one-third last year, prices are down an additional 15 percent in the first 12 days of 2016.
The cost-cutting announced Tuesday comes as the price of oil dropped to a 12 year-low near $31 a barrel. Part of the decline is due to concern over a drop in demand in China, which is depressing commodity prices worldwide.
Brent crude, the international benchmark, was 3.3 percent lower at $30.50 a barrel in afternoon trading on Tuesday. West Texas intermediate, the American benchmark, dropped 4.3 percent, to $30.05; at one point on Tuesday, it fell below $30 for the first time since 2003.
An estimated 250,000 oil industry jobs have been lost worldwide since the long price decline began.
Royal Dutch Shell, BP’s biggest European rival, cut 7,500 jobs last year. Jonathan French, a Shell spokesman, said that if his company’s acquisition of the BG Group, a producer of oil and natural gas based in Reading, England, was completed in the coming weeks as expected, an additional 2,800 jobs would most likely be eliminated across the two companies.
Some analysts expect the price slide to continue as there is no sign that perceptions of oversupply will ease and because of factors like the rise of the dollar, which puts pressure on the prices of commodities, including oil.
“In an oversupplied market, there is no intrinsic value for crude oil,” analysts at Morgan Stanley wrote in a note to clients on Monday. Assuming continued dollar appreciation, “$20-to-$25 oil price scenarios are possible simply due to currency,” they wrote.
BP did not specify where the job cuts would come from. But employees in Scotland, where BP has operations in the North Sea, said they had been told that 600 full-time and contractor jobs would be cut there over the next two years.
When oil was selling at about $100 a barrel, companies complained about high costs and about marginal profitability in the North Sea. Even though companies have been cutting expenses, current prices are likely to push them into making deeper cuts or considering shutting some fields.
BP has sought to reduce the size of its staff in recent years as a response to lower oil and gas prices, as well as to the sales of oil and gas fields and other assets to raise money after its Gulf of Mexico spill in 2010.
Mr. Nicholas said the job reductions would not halt BP’s Clair Ridge and Quad 204 partnerships in waters north of Scotland. Once developments are well underway, it is very difficult to shut them down.
BP’s operations in Alaska, Angola, Azerbaijan and the Gulf of Mexico are also considered possible areas for job cuts.
Company officials began notifying employees of the action in town hall meetings in Scotland.
Mark Thomas, regional president for BP North Sea, says in a statement that because of toughening market conditions "we need to take specific steps to ensure our business remains competitive and robust."
NARS abbreviation means:
N: Meaning of N in the acronym NARS means: N has two stable ends on the ground and two upwards displaying confidence. It is willing to explore upwards as well as downwards indicating intellectual curiosity. It becomes sluggish if its spaces get filled with water thereby wasting talent from less agility. This makes it easily affected, but good fortunes always come to it.
A: Meaning of A in the acronym NARS means: The letter A has two bars connected at a pointed edge and a cross bar holding them together. From an open end to a pointed edge signifies that all energies are trained to a point to achieve the most singularly important goal. The cross bar shows caution. Failure is avoided by stringing all required resources together. A also looks like a Pyramid with the peak as the apex of the Pyramid. Pyramids are iconic. A therefore symbolizes prominence and a desire to be recognized for ones achievements. The cross bar also represents a rung in ladder. To get to the top, one has to first step on the rung. It also means originality, a strong will power and an enterprising ability. The upper-case version consists of the two slanting sides of a triangle, crossed in the middle by a horizontal bar. It shows aspiration, the dominance to be successful, positive attitude, an optimistic world view and egotism.
R: Meaning of R in the acronym NARS means: Letter R sits comfortably on two legs that are a litlle spread apart. It displays great strength. It's close top to itself is uncaring, impetuous, and insensitive.
S: Meaning of S in the acronym NARS means: S is a single strand that goes forward and backwards. It shows a willingness to explore. Friendliness, perceptiveness and accommodating are all S qualities. The ends pointing forward and backwards shows a conflicting nature with itself and a degree of puzzlement.
Acronyms, abbreviations and meanings similar to NARS
NARS means: : Nationwacc
NARS means: Not A Rocket Scientist (low IQ)
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NARS means: Nonaffiliated Reserve Section
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NARS means: Non Axiomatic Reasoning System
Popular questions of NARS people search before coming here
Q: What does NARS stand for? A: NARS stands for "National Archives And Record Services".
Q: How to abbreviate "National Archives And Record Services"? A: "National Archives And Record Services" can be abbreviated as NARS.
Q: What is the meaning of NARS acronym? A: The meaning of NARS acronym is "National Archives And Record Services".
Q: What is NARS abbreviation? A: One of the definitions of NARS is "National Archives And Record Services".
Q: What does NARS mean? A: NARS as abbreviation means "National Archives And Record Services".
Q: What is shorthand of National Archives And Record Services? A: A common acronym of "National Archives And Record Services" is NARS.
USA means: United States Army
RAB means: Resource Budgeting And Accounting
PLID means: Pulsed Laser Induced Desorption
LS/ST means: Light Shield/Star Tracker
OMA means: Organizational Maintenance Activity
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