Conoco to Cut 7% of Canadian Workforce
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 by Anna Driver and Scott Haggett; Editing by Terry Wade and Bernadette Baum
Talisman Energy to Cut up to 15% of Head Office Jobs
, 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 spending plans and with that reduced activity comes the requirement to make (job) reductions," Anderson said. "No oil company is immune to the low oil price and we are no exception."
Suncor Appoints Husky Energy's Cowan as CFO
Suncor Energy Inc , Canada's largest integrated oil and gas producer, said on Monday it has appointed Alister Cowan as its chief financial officer, ending a seven-month search. Cowan has had the same role at Husky Energy Inc, the country's No. 3 integrated oil producer, since 2008. He takes over as CFO at Suncor on July 21. "With almost 30 years' experience leading the finance function for a number of companies in the energy and utilities sectors, Alister has the breadth and depth of experience required to build on Suncor's strong financial position," Suncor Chief Executive Officer
