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BP to slash 4,000 jobs or 5% of its workforce as it cuts production in oil slump

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LONDON — British oil and gas company BP announced plans on Tuesday to slash 5 per cent of its global workforce in the face of a continued slump in oil prices. It said it aims to reduce its global oil production, or upstream, headcount by 4,000 to 20,000 as it …

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Encana Corp to cut 20% of workforce, slash dividend, as it gears up for global cost-cutting fight

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CALGARY – North American energy producers are ready for a global cost-cutting battle, the head of Encana Corp. said Wednesday, even as his company posted a US$612 million loss in the fourth quarter. “The world taking on North America had better be ready because this part of the world knows …

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