OPERATIONS

1414 Degrees cuts salaries, pushes back development plans

THERMAL energy-hopeful 1414 Degrees has declared it has enough cash to keep its projects spinning, while it slashes management salaries, fires staff and pushes back project development to stay afloat.

 But has enough cash to keep wheels turning

But has enough cash to keep wheels turning

  The South Australian company said it has reduced hours, fired staff  and has deferred the upgrade of its GAS-TESS silicon storage project.  The board and senior management have also agreed to between...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry

editions

ENB Social Licence Report 2021

In its second year, this research now includes trends and new findings surrounding impacts and responses as the energy industry seeks to secure and maintain a social licence to operate.