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News Tagged By: Nexen

Syncrude pegs losses at up to $10/barrel as oil prices collapse
Canada's largest synthetic crude project is not likely to shut down operations, its biggest owner said on Wednesday, even as a company presentation showed it is losing about $10 for every barrel it produces.
Posted on 8-20-2015 at 8:33 AM
Nexen spill worsens outlook for Canadian pipeline plans
It’s becoming increasingly difficult to get oil-sands pipeline projects off the ground, and Alberta’s worst spill since 1980 will probably make it tougher.
Posted on 7-28-2015 at 9:34 AM
Nexen pipeline spills oil emulsion near Fort McMurray
A pipeline owned by Nexen Energy ULC has spilled about 31,500 barrels of oil “emulsion” in northern Alberta, the province’s energy watchdog says.
Posted on 7-16-2015 at 7:10 PM
Alberta to pick new oil marketers by end-May after Nexen trading shutdown
Alberta will have to decide soon which companies will market the province's crude, after principal marketer Nexen Energy decided to shut down worldwide trading operations.
Posted on 3-24-2015 at 3:01 PM
China’s CNOOC shutting Nexen’s Calgary-based oil-trading operation
China’s CNOOC Ltd. is shutting down Nexen Energy ULC’s Calgary-based oil-trading operation in a move that is expected to mean about 100 job cuts along with the end of a lucrative Alberta government contract, according to sources familiar with the situation.
Posted on 3-24-2015 at 7:54 AM
Job cuts, again: ConocoPhillips slashes 7% of Canadian workforce
Another round of oil job cuts is rolling through downtown Calgary this week with three producers eliminating at least 650 positions in Canada as they wrestle with prices near a six-year low.
Posted on 3-18-2015 at 4:25 PM
Nexen cuts 340 jobs in North America, 60 in U.K. on weak oil
Nexen, the Canadian oil company owned by China’s state-owned CNOOC Ltd., is cutting 400 jobs to cope with the collapse in oil prices.
Posted on 3-17-2015 at 11:53 AM
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