A Calgary-based directional driller has settled three lawsuits filed against it in United States courts.
September 11, 2015, 10:55 AM MDT
September 10, 2015, 8:49 AM MDT
Only a month after cutting its 2015 capital spending plans by $50 million, Penn West Petroleum Ltd. has lopped another $75 million off its budget, and announced a bigger reduction for next year.
September 1, 2015, 11:48 AM MDT
(Reuters) — ConocoPhillips is laying off 400 employees and 100 contractors in Canada, a company spokesman said on Tuesday, with the majority of cuts coming in the Calgary office.
September 1, 2015, 11:04 AM MDT
July 31, 2015, 10:40 AM MDT
Cenovus Energy Inc. has sliced its quarterly dividend by 40 per cent and will cut another 300 to 400 more jobs as it continues its cost reduction efforts in light of deflated crude prices.
July 30, 2015, 11:31 AM MDT
July 30, 2015, 9:18 AM MDT
July 29, 2015, 8:41 AM MDT
July 27, 2015, 9:59 AM MDT
July 24, 2015, 12:01 PM MDT
Chevron Canada Corporation said it’s eliminating 130 positions as part of an organizational restructuring.
July 8, 2015, 9:43 AM MDT
Alberta’s rotational workforce is not a temporary business choice, but rather an ongoing business requirement that supports industry growth and Canada’s economic well-being, says a newly-released Petroleum Labour Market Information (PetroLMI) report, which calls for further research on the subject.
July 3, 2015, 9:41 AM MDT
A spokesperson for Chevron Canada Limited declined to comment on reports it is laying off staff, saying only it is restructuring its organization.
June 26, 2015, 9:04 AM MDT
June 24, 2015, 9:41 AM MDT
June 16, 2015, 10:58 AM MDT
June 12, 2015, 10:50 AM MDT
The Canadian economy could lose up to 185,000 direct and indirect jobs related to the oil and gas industry this year as a result of an anticipated $31 billion reduction in industry capital and operational expenditures in response to low commodity prices, says a new study.
May 19, 2015, 10:38 AM MDT
Like many Canadian producers are expected to do, Imperial Oil Limited reported a net loss on its upstream operations in the first quarter (DOB, April 30, 2015).
May 1, 2015, 8:05 AM MDT
April 30, 2015, 9:42 AM MDT
April 23, 2015, 9:45 AM MDT
With industry conditions continuing to worsen, Halliburton Co. announced this morning it is reducing its 2015 capital budget by about 15 per cent and hinted that further staff reductions are likely.
April 20, 2015, 9:47 AM MDT
April 17, 2015, 8:42 AM MDT
While layoffs are a necessary evil given the current oil and gas industry downturn and the resulting need to reduce costs, shrinking headcounts could come back to bite the oilpatch when the inevitable upswing occurs and the demand for skilled labour spikes.
April 13, 2015, 11:32 AM MDT
Talisman Energy Inc., whose takeover by Spanish company Repsol S.A. is expected to close in the second quarter, has reduced capital spending and cut jobs, while ConocoPhillips also confirmed layoff plans in Canada.
March 18, 2015, 11:12 AM MDT
Nexen Energy ULC, a wholly-owned subsidiary of CNOOC Limited, has announced organizational changes that will reduce its North American workforce by approximately 340 employees, with 300 of those in Canada.
March 17, 2015, 9:57 AM MDT