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2015-03-18 20:55:00

NEXEN CUTS 400 JOBS

NEXEN CUTS 400 JOBS

Nexen Energy ULC, a wholly owned subsidiary of CNOOC Ltd., has reported organizational changes that will result in the reduction of 340 jobs in North America and 60 jobs in the UK, spurred by the decline in crude oil prices.

"While regrettable, these organizational changes are necessary to align the company with our reduced capital spending program," explained said Fang Zhi, Nexen's chief executive officer since last year.

The company's oil sands production has risen 40% since 2012. Last year, notably, production launched from Nexen's Golden Eagle area development in the UK North Sea.The company took seven additional licenses in UK's 28th offshore licensing round.

ogj.com

Tags: NEXEN, OIL, PRICES
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Chronicle:

NEXEN CUTS 400 JOBS
2018, October, 19, 10:55:00

UZBEKISTAN'S NUCLEAR: $11 BLN

AZERNEWS - The estimated cost of construction of nuclear power plant of Russian design in Uzbekistan will be about $ 11 billion, the launch of the first power unit has been planned for 2028, the Aide to the President of the Russian Federation Yury Ushakov said.

NEXEN CUTS 400 JOBS
2018, October, 19, 10:50:00

IRANIAN GAS: 1 BLN CMD

SHANA - Managing Director of the Iranian Gas Engineering and Development Company (IGEDC) Hassan Montazer Torbati said the supply of one billion cubic meters per day of natural gas by National Iranian Gas Company (NIGC) was one of the goals of the company by 2021.

NEXEN CUTS 400 JOBS
2018, October, 19, 10:45:00

CHINA - BELGIUM NUCLEAR

WNN - China and Belgium have signed a framework agreement on cooperation in the peaceful use of nuclear energy. The agreement was one of several accords signed in Brussels yesterday during a meeting between Chinese Premier Li Keqiang and Belgian Prime Minister Charles Michel.

NEXEN CUTS 400 JOBS
2018, October, 19, 10:40:00

NORWAY'S PETROLEUM PRODUCTION 1.6 MBD

NPD - Preliminary production figures for September 2018 show an average daily production of 1 607 000 barrels of oil, NGL and condensate, which is a decrease of 255 000 barrels per day compared to August.

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