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Enbridge Inc cuts 500 staff, about 5% of workforce, amid collapse in oil prices


CALGARY – Canada’s largest pipeline company Enbridge Inc. confirmed it laid off 500 people on Monday and will not be hiring for an additional 100 unfilled positions. The layoffs represent about five per cent of the company’s total workforce and are spread across Enbridge’s operations in Canada and the U.S. …

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


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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Oilsands construction workforce to plunge 84% by 2020, report says


The oilsands sector is in danger of losing its reputation as a job-creating machine. How the Trudeau government is helping Saudi Arabia's scheme to sideline Canadian oil Allan Richarz: By tightening the screws on domestic production while seeing an increase in Saudi-originating imports, we are helping accelerate our own energy …

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


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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