Nexen lays off 120 employees in Canada as latest company to cut costs

Nexen, the Calgary-based company acquired by China's CNOOC Ltd. more than three years ago, says it's cut 120 jobs in Canada.

CALGARY — Nexen, the Calgary-based company acquired by China’s CNOOC Ltd. more than three years ago, says it’s cut 120 jobs in Canada.

Company spokeswoman Brittney Price said the company made the difficult decision to reduce its workforce because of the current economic situation.

Last March, Nexen cut 340 staff in North America and 60 at its U.K. North Sea operations after it made cuts to its spending program.

A number of oil-and-gas producers have announced layoffs recently as low oil prices have led to slashed spending plans for the year.

In February, producers including Husky Energy, Chevron, Statoil, Cenovus Energy, Encana and Devon Energy, as well as Trican Well Services, all announced further job cuts.

The Canadian Association of Petroleum Producers estimates that the industry cut 40,000 direct jobs last year.

Just Posted

Trans Mountain pipeline expansion gets second green light from Ottawa

OTTAWA — The federal Liberal government is giving the Trans Mountain pipeline… Continue reading

Sneak peak: Take a tour of Red Deer County’s best backyards, acreages and gardens

You can snoop around people’s backyards without any guilt while on a… Continue reading

New RDC president has three decades of experience working at colleges and universities

Peter Nunoda says he’s ‘excited’ to help transition the college into a university

Pro-pipelines rally draws crowd to City Hall

Canadian Taxpayers Federation says Canada missing out on billions in revenue

Blair says more gun-control action needed, signals no new steps before election

OTTAWA — Crime Reduction Minister Bill Blair says more must be done… Continue reading

Pricey tours of decaying Titanic shipwreck delayed until June 2020

ST. JOHN’S, N.L. — Adventure tourists who paid $168,000 each to help… Continue reading

Police searching for suspect after shooting at Toronto Raptors rally

Toronto police are still looking for a suspect after Monday’s shooting that… Continue reading

The corporate winners and losers from the Toronto Raptors’ historic win

We The North mania spread across Canada as the Toronto Raptors created… Continue reading

Efforts continue to raise profile of New Brunswick sprint champion from 1900s

HALIFAX — A New Brunswick sprinter who achieved world-class success in the… Continue reading

Campaign to eradicate rodents puts other animals at risk

The bird was a female cardinal. It was on the ground and… Continue reading

Opinion: Throwing cold water on fee for calling firefighters

There’s never any upside to adversity. Whether it’s the loss of a… Continue reading

‘This is our story:’ Winnipeg General Strike commemorated on screen, stage

WINNIPEG — A moment in history that changed Canada forever is headed… Continue reading

Most Read