Overall morale is poor, career advancement is not existent. This advertisement has not loaded yet, but your article continues below.

Cnooc had planned to increase capital spending to 85B-95B yuan (~$13.3B) this year, the highest level since 2014, from 79.6B yuan in 2019, and expected to raise 2020 production to 525M boe. CNOOC also abandoned its $20-billion Aurora LNG project in 2017 that would have exported Canadian natural gas from Prince Rupert, B.C.

Cenovus Energy has agreed to buy Husky Energy in an all-stock deal valued at CAN$3.8 billion (US$2.9 billion). The Calgary Heraldwas invited to listen to the conference call by a Nexen staff member who asked not to be identified — he said he was also being laid off and knew of several others in his department. Unauthorized distribution, transmission or republication strictly prohibited.

The company’s workforce, which once stood at just over 3,200, has shrunk considerably since the acquisition. targets Alberta, divides... CNOOC lays off 100 people at Calgary offices. The Canadian oil and gas industry has been laying off staff to cope with lower oil prices and a lack of pipeline access to … “I do want to take a moment to thank all of the employees who will be departing over the next couple of months,” she said on the call.

on Sunday June 21, 2015. For full functionality of this site it is necessary to enable JavaScript.

On its website, CNOOC said recently Nexen production in the three months ended Sept. 30 was 141,000 barrels of oil equivalent per day, off from 175,000 boe/d in the same period of 2013.

By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Oil & gas news. On September 10, CNOOC Limited announced that Nanbao 35-2 oilfield S1 area has commenced production.
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But he added rising costs had eroded net profit for the period by 2.3 per cent.

CNOOC had also recently completed an offshore project in the Gulf of Mexico with joint-venture partner Royal Dutch Shell Plc, Dunn said. CNOOC occupied approximately 620,000 square feet of office space in the Nexen building in downtown Calgary but is downsizing to approximately 300,000 square feet across eight floors at its new location at 58-storey The Bow. Published on: June 6, 2019 | Last Updated: June 6, 2019 3:23 PM EDT. Email: enquiries@oilfieldtechnology.com. Oilfield Technology is not responsible for the content of external internet sites.

Sources confirmed to the Financial Post the company’s new lease downtown is significantly smaller than its previous one. In 2015, the …

In 2015, the company cut 400 staff primarily in Canada from its operations as it scaled back spending following a dramatic collapse in oil prices.

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instructions how to enable JavaScript in your web browser. Gavin Young/Postmedia Network. Please try again. Power said “standardization” is more important now that Nexen is part of a bigger organization and the new structure is “well aligned with head office.”. A member of Sun Media Community Newspapers part of Postmedia Network.

“I want to assure you that everybody is being treated very fairly.”.

The CNOOC Nexen building in Calgary on Monday, October 1, 2018. CNOOC fired chief executive Kevin Reinhart last April and replaced him with Fang Zhi, a CNOOC executive of 30 years with an MBA from a British university, who served on the Nexen integration team. The latest cuts adds to a long list of retrenchments as international oil companies sour on Canadian oil and gas resources. instructions how to enable JavaScript in your web browser. Comments may take up to an hour for moderation before appearing on the site.

Among its seven promises was the pledge to “establish Calgary as the head office of its North and Central American operations,” and to “retain Nexen’s current management team and employees” and list its shares on the Toronto Stock Exchange. BART - Layoffs likely October 22 , 2020 Tenneco South Bend Plant - 350 Monarch Beverage - 633 Exxon Mobil - Close to disclosing US, Canada Job Cuts Maritz - 107 Nelson-Atkins Museum October 21 , …

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