Conoco to Cut 7% of Canadian Workforce
challenging economic environment has required us to make some difficult decisions," Andrea Urbanek, a spokeswoman for the company, said in an email. ConocoPhillips shares were up 4 cents in midday trading on the New York Stock Exchange at $62.05. The layoffs follow one from Talisman Energy Inc on Wednesday; the company will cut 15 percent of its staff due to low prices ahead of its acquisition by Spain's Repsol SA . Other Canadian producers that have already announced job cuts include CNOOC-owned Nexen Energy, Suncor Energy Inc and Royal Dutch Shell. (Reporting
Talisman Energy to Cut up to 15% of Head Office Jobs
Talisman Energy Inc, the Canadian oil and gas company being acquired Spain's Repsol SA, plans to cut as much as 15 percent of staff at its Calgary head office as a result of collapsing crude oil prices, a company spokesman said. Around 150 to 200 employees and contractors will be laid off, Talisman spokesman Brent Anderson said, and employees will be notified beginning this week. Other Canadian producers that have already announced job cuts include CNOOC-owned Nexen Energy, Suncor Energy Inc and Royal Dutch Shell. "With low oil prices we have reduced our 2015 capital
Talisman Sinopec Energy UK to Cut 300 Jobs
costs hurt by low oil prices. The company said the number represented a split between 100 employees and 200 contractor positions. The company also introduced immediate reductions in contractor rates. Talisman Sinopec Energy UK is a joint venture between Canada's Talisman Energy Inc and Addax Petroleum UK Limited, a wholly-owned subsidiary of China Petrochemical Corporation (Sinopec Group). The company has a total workforce of 3,000. (Reporting by Shivam Srivastava in Bengaluru, editing by David Evans
