Home › CNOOC's Nexen closing down crude oil trading division - sources
 

Keywords :   


CNOOC's Nexen closing down crude oil trading division - sources

2015-03-24 02:22:38| Oil & Gas - Topix.net

Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd , is closing its crude oil trading division following a round of job cuts announced last week, four market sources said on Monday. The Calgary-based company, which was acquired by state-controlled CNOOC in 2013 for $15.1 billion, cut 400 jobs last week in North America and the United Kingdom in response to plunging global oil prices.

Tags: sources division oil trading

Category:Energy and Environment

Latest from this category

All news
20.09AE Elemental Opens Advanced Lithium-Ion Battery Recycling Facility in Poland
20.09Ag-West Bio Invests in Saskatchewan Startup Focused on Diverting Waste From Landfills
19.09This Week in Waste: Top Stories September 16 September 19, 2024
19.09Milton, Fla. to End Recycling Program, Cites Contamination as Main Facto\
19.09Michigan Judge Blocks Delivery of Radioactive Waste from New York to Michigan
19.09HelloFresh, Denali Divert 4 Million Pounds of Pre-Production Food Waste from Phoenix Landfills
19.09KT Capital Acquires Majority Interest in Recycling Equipment Incorporated
19.09LRS Exchange MRF Wins 2024 NWRA Recycling Facility of the Year Award
Energy and Environment »
22.09Eastern North Pacific Tropical Weather Outlook
22.09Atlantic Tropical Weather Outlook
21.09Atlantic Tropical Weather Outlook
21.09Eastern North Pacific Tropical Weather Outlook
21.09Strategies to minimize fallback pigs in the nursery
21.09This Week in Agribusiness, Sept. 21, 2024
21.09This Week in Agribusiness, Sept. 21, 2024
21.09RABapp provides rapid response insight in animal health emergencies
More »