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    Kate Spade 610 Leather Passport Wallet online clearance 0224l97I

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based Nexen cuts 120 positions in Canada Another 120 employees have been laid off by Nexen Energy ULC, a Calgary based subsidiary of Chinese state owned entity CNOOC Ltd.

the current economic reality, we have made the difficult decision to reduce our workforce, Nexen spokeswoman Brittney Price said in an email. changes impact approximately 120 Canadian kate spade american website employees. We take these decisions seriously, and all impacted employees have been treated fairly and with respect. didn say where the affected employees have been working, at Nexen headquarters in Calgary or in the field. with an increasingly complicated operating environment in 2016, the company will fully utilize market mechanisms and combine innovations in technology and management in order kate spade hand bag sale to reduce costs and enhance efficiency, said chief executive Li Fanrong in a news release. addition, the company will ensure an appropriate balance between short term returns and long term growth to promote a steady and healthy development. said its production target for 2016 was set at 470 to 485 million barrels of oil equivalent, down from 495 million realized last year. kate spade outlet discount It stated about two thirds would be produced in China. Twelve months ago, Nexen announced it would cut 400 employees in addition to unspecified reductions of contractors to match head count to a lower level of development spending. Three hundred were let go from its Calgary headquarters and 40 stationed in Fort McMurray and the United States lost kate spade i their jobs, along with about 60 employees in the United Kingdom. The downsizing was the first major corporate reorganization at Nexen since it was acquired in 2012 by CNOOC for $15.1 billion. The deal was approved by the Harper government but led to limits on national oil company takeovers of Canadian energy companies and particularly oilsands projects. Last summer, five million litres of emulsion a mixture of bitumen, sand and water spilled from a pipeline into the muskeg at Nexen Long Lake integrated thermal oilsands project southeast of Fort Mc Murray, In January, two workers were killed in an explosion at the same facility. Oil and gas associations estimate that about 100,000 workers have lost their jobs in the 20 months or so since West Texas Intermediate oil began falling from a peak of over US$100 per barrel. Another 120 employees have been laid off by Nexen Energy ULC, a Calgary based subsidiary of Chinese state owned entity CNOOC Ltd. the current economic reality, we have made the difficult decision to reduce our workforce, Nexen spokeswoman Brittney Price said in an email.

changes impact approximately 120 Canadian employees. We take these decisions seriously, and all impacted employees have been treated fairly and with respect. didn say where the affected employees have been working, at Nexen headquarters in Calgary or in the field.


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