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Canada's oilpatch adjusts to the 'new normal' after a year of pain
2015-12-15 17:59:59| Oil & Gas - Topix.net
"It's definitely a noticeable slowdown," said Mayor Craig Copeland, who has been hearing from hotels, restaurants and retailers that business is down about 30 per cent year-over-year in the oilpatch's bedroom community. It's not much of a surprise, with crude prices spending most of the year under US$50 a barrel and sinking below US$40 a barrel this month.
Companies in ailing oilpatch look for ways to avoid or delay layoffs
2015-12-11 11:52:10| Oil & Gas - Topix.net
Companies in the ailing oilpatch are looking at ways to avoid layoffs - or at the very least to forestall or minimize them. Canadian Natural Resources Ltd. has not had to trim its workforce of more than 7,600 as a result of the crude price collapse.
Companies in ailing oilpatch look for ways to avoid or delay layoffs
2015-12-11 11:14:20| Energy - Topix.net
Companies in the ailing oilpatch are looking at ways to avoid layoffs - or at the very least to forestall or minimize them. Canadian Natural Resources Ltd. has not had to trim its workforce of more than 7,600 as a result of the crude price collapse.
More oilpatch layoffs: Devon Energy cuts 200 jobs in Alberta
2015-10-29 20:03:03| Energy - Topix.net
Devon's Jackfish complex in Alberta reached the 100-million-barrel milestone of cumulative production in early 2015, but now the company says it is scaling back capital investments in Canada. Devon Energy says it has cut 15 per cent of its Canadian workforce as the company responds to lower capital spending plans.
Tags: jobs
energy
cuts
alberta
Oilpatch firms in for an ugly third quarter as crude doldrums linger
2015-10-25 16:32:14| Oil & Gas - Topix.net
A bevy of oilsands producers are on deck to report their quarterly earnings over the next few weeks - and industry watchers are under no illusion they'll be pretty. It's been about a year since the price of oil started its nosedive to below US$50 a barrel, and crude has been camping out at that level for months.
Tags: quarter
firms
ugly
crude