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CNOOC's Nexen closing down crude oil trading division - sources
2015-03-24 02:30:11| Energy - 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.
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division
oil
trading
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
US stock market sinks as price of crude oil resumes a slide
2015-03-20 14:49:11| Toys - Topix.net
Stocks are edging lower in early trading, giving up some of the gains they made the day before. . Trader Christopher Lotito, center, works on the floor of the New York Stock Exchange, Thursday, March 19, 2015.
Brent crude slips below $54 amidst worries of oversupply
2015-03-20 01:00:00| Offshore Technology
The Brent crude oil price slipped towards $54 a barrel on Friday, owing to worries of oversupply, as Kuwait said the Organization of the Petroleum Exporting Countries (OPEC) needs to retain its crude production.
Job cuts at Talisman, ConocoPhillips in Calgary as crude doldrums continue
2015-03-19 01:37:21| Energy - Topix.net
Talisman, which is set to be taken over by Spain's Repsol SA in the coming months, is reducing its workforce by 10 to 15 per cent, mostly at its Calgary head office. That amounts to between 150 and 200 jobs - both contractors and employees.
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job
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calgary
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