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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.

Tags: sources 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.

Tags: price market stock oil

 

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.

Tags: of crude brent worries

 

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.

Tags: continue job cuts calgary

 

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