Weekly layoffs have become the norm at CNOOC's Calgary, Alberta office. Rumour is that these will occur well in to December. A&D departments from various E&P's in Calgary have confirmed that a data room containing what is clearly Nexen's Canadian... — read more
Topics regarding layoffs at CNOOC Ltd.
Ron Bailey was laid off from CNOOC Nexen this week. Big changes are on the way, including the sale of Long Lake. Nexen's plans for LNG have also failed to materialize meanings the billions spent in the Horn River, Liard and Cordova basins have... — read more
Oil price is in steady decline and may get to mid $40's. Natural gas has been in the dumps for a while. Does Chevron actually make a profit from Gorgon and Wheatstone? Looks like layoff numbers are more likely to increase than stay to whatever the... — read more
Things are much better at CNOOC, we'll see what 2018 brings. Assuming the price of oil stabilizes at around $50, we'll be fine.
Given that Chevron has yet to make any money playing shale, why does management think the same behavior will give different results in future? https://oilprice.com/Energy/Energy-General/Shale-Pioneer-Fracking-is-an-Unmitigated-Disaster.html — read more