Bank of America advising on a sale…but who will buy?

Reorg in works…what’s the betting that redundancies will follow

The only thing I'll miss are some of the people I worked with and nothing more. I guess most would never have come here if they had any other option or if they could have guessed that the company was worse than the worst reviews they read about it?... —  read more 

The company was still known as Nexen back then. I never regretted walking out, not for one second. The company was run on nepotism and cronyism while I was there and any chance of advancement was a pipe dream. I worked hard and had no life/work... —  read more 

Are there people who haven’t found much better jobs after last year’s cuts? How many have had their careers ruined after layoffs? Almost everyone I know says they are much better off now, but the question is do people romanticize the truth as... —  read more 

I stopped expecting any respect from this company a long time ago. People have complaints because they also have expectations of feeling valued and respected. I stopped investing a lot of effort a long time ago and now I’m only interested in the... —  read more 

Has anyone noticed an improvement in job opportunities as the oil goes up? I had high hopes that as the price went up people would finally get some relief, but it seems to me that there are no changes for the better. I wish I wasn’t right. Maybe... —  read more 

Any ideas when we can hope to have job security once again?

At least for now?

Hope y'all saved some Yuan!

I heard 500 ppl let go today almost 50% of their entire company

Have an advocate in your corner. https://web.richardsongmp.com/Kathy.Mcmillan/severance-package

More layoffs in Calgary took place today. Around 15 Houston-based employees also will leave the company (retirement and layoff). This is a post from yesterday, can anybody confirm it? If it's true, is the Houston part referring to this week or later... —  read more 

Get your affairs in order.

I understand that the job market is tough these days in Calgary but where is morality? I wish I could share the emails I get from these guys... super rude ...asif everybody wants to prove that what they are doing is important so they don't let them... —  read more 

Just a branch office, small branch at that just a twig.

So now what we do? Wait till we get a pink slip...

I’m so tired of being expected to pick up more work left behind by people who were laid off and not being compensated for it. It’s not enough that we have to fear layoffs all the time, but we also have to fear what our job will look like after the... —  read more 

Nexen’s biggest problem at the Long Lake site in Fort Mc was spending the 6 billion at the phase 1 site when what it should have done was spend that money at phase 2 in Anzac to begin with. It would have been far more profitable which would have... —  read more 

This thing never ends at this company. Hoping 2019 will be better. Anyone have any more updates on this.

Just got to know Nexen officially became CNooc International. Does that mean more layoffs? I really hope not!

As bad as it's always been. I moved on in 2017

Hope it'll stay stable - if not, things will be pretty bad

Some number of layoffs will take place in Q4 2018 along with office move from Nexen Tower to the Bow. By January 2019 the company will use new name and e-mail address, while organizational changes will continue. Bumped from @Vk83CVk-pywi in another... —  read more 

heard there were some layoffs in the office this week. Anyone know anything? Posted in an old thread yesterday, I think, but no answers so far. Since I'd like to know the answer as well, I was hoping bumping it to the front of the queue might get... —  read more 

I found that Nexen had many "Nexen babies" which are people who got jobs at Nexen right after school, got promoted through the ranks at Nexen and never worked at any other companies. I don't know if these same people would succeed at other companies... —  read more 

Any update on this? It's so demoralizing to go to work every day knowing you might not have a job tomorrow.

Does anyone know what the redundancy package looks like for a Geologist?

I am hearing 400 from Calgary, in October. Not sure how true this is. My HR friend who works at Nexen said its going to be around 500 in the north America division. Its a sh-- show there. Any chance somebody here knows if either of these is true? And... —  read more 

Keep your heads down folks. Unless you are connected to hr mafia. Not everyone can come from finance and become a compensation manager. They are few of them there. And they know who is next. But it's not them. Sad and heartbreaking. Fang, please pay... —  read more 

"Nexen babies" have their lips zipped at all times. They have a "chameleon" skin, they can change it and go with the flow. A number of young folks at Nexen are trying to get promoted. It is quite hard now to do that. Those, who got promoted after... —  read more 

The best thing Nexen ever did for my career is let me go. I wasn't surprised when it happened, as I was never part of the close clique that exists at the company. I must say, watching the interactions of that group sure was interesting. Best buds... —  read more 

I held out as long as I could but it’s time to face the facts. No matter how much you hope things will change - they won’t. I’ve put in a number of years within Nexen with the knowledge and experience to back it up so when someone in upper management... —  read more 

I never thought a company can have such low morale but Nexen has proven me wrong. I don’t know what I was thinking in taking a position here. Had I known the office politics and a type of culture that I was walking into, I'd ran the other way... —  read more 

There are more layoffs coming. Not sure why people say the layoffs have stopped because they started shortly after the CNOOC purchase of Nexen and have continued for the last 4+ years. There were about 50 people in Q3/Q4 of this year. They are always... —  read more 

Sporadic layoffs occurred in October and November. The plan is to announce the integrated CNOOC International organization by late December and to fill all the positions by the end of February 2018. Found this in an old thread, the info is new... —  read more 

The Nexen layoffs will come in some quantities over the next several weeks (say less than 50 per week so as not to get on the news). Major layoffs coming in 2018.

The current round of layoffs will take place in Nexen offices in Calgary and Houston from now to 1Q 2018, and the company name Nexen will cease to exist after completion of the reorganization.

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