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 yielded stranded gas. The Calgary office will not exist in two years.
Nexen has asked for bids from outplacement agencies for their second round of 2016 layoffs. These are expected sometime Q3/Q4. Although Nexen publically disclosed that approximately 300 positions will be terminated, the outplacement agencies are bidding on at least double the disclosed number.