Friday, November 22, 2024

Oil Company Layoffs Hitting Canada

Spanish energy giant Repsol cuts 30% of Canadian staff with layoffs in Calgary, Chauvin and Edson From Reuters NEW YORK/CALGARY — Spanish energy company Repsol SA is cutting about 30 per cent of its Canadian workforce as part of global restructuring, the company said in an emailed statement on Tuesday. Repsol joins a string of large international energy companies that

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Shell Starts Production at Appomattox

By Tyler Losier, Energy Reporter, Oil & Gas 360   Deeper water targets available with new Gulf of Mexico platform Royal Dutch Shell plc (stock ticker: RDS.A), through its subsidiary Shell Offshore Inc., brought its Appomattox floating production system online Thursday, in what is now the first commercial discovery operational in the Gulf of Mexico Norphlet formation. The deep-water oil

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Canada Missed Out on Three ‘Nation-Building’ Energy Projects in 2017

Three major energy infrastructure projects have been cancelled in Canada in recent months. These were pipelines and related export facilities that would have taken Canada’s oil and natural gas into new markets and allowed Canadian producers additional revenue opportunities and a chance to grow their own production. The projects would have cemented Canada’s long-term energy viability, by transporting energy both