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 assets is currently on the street. CNOOC is willing to accept pennies on the dollar for these terrible liabilities. Whatever remains after this sale is rumoured to be operated out of Houston. The Calgary tower will cease to exist in two years time.
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Tough times indeed. There are a lot of good people in the Calgary office.
Sad news for the Canadians. A lot of good people with Nexen.