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Tag: downturn
Nexen, owned by China's CNOOC, to cut 400 jobs amid industry downturn
2015-03-17 18:55:23| Energy - Topix.net
Nexen Energy ULC, the Canadian company acquired by China's CNOOC Ltd. more than two years ago, says it's cutting 400 jobs. It says 350 of those will be in North America and the rest are with its U.K. North Sea operations.
Scottish firms 'hit by oil downturn'
2015-03-09 08:46:39| Oil & Gas - Topix.net
The report suggested the downturn in the oil and gas sector may have contributed to the fall in new work The downturn in the oil and gas sector contributed to a marked fall in new business for Scottish companies last month, according to a report. The fall in incoming new business ended a 26-month run of growth, with some company purchasing managers indicating that the oil and gas industry downturn was having an "an adverse impact" on business performance.
Russia's economic downturn: Nightmare or opportunity?
2015-02-05 01:10:30| BBC News | Business | UK Edition
Russia's economic troubles haunt some, but others see opportunity
Tags: opportunity
economic
nightmare
downturn
New Report Highlights Oil and Gas Industry Split Over Cost Management Strategies for Tackling Downturn
2015-02-04 17:59:00| Offshore Technology
'Knee-jerk' reactions to the falling oil price as confidence drops by more than 37% in just three months.
Tags: report
management
cost
industry
Oil And Gas Companies Sell Unused Equipment During Downturn
2015-01-14 14:08:21| Oil & Gas - Topix.net
An Oklahoma-based auction site said its phones are ringing off the hook with companies trying to unload equipment just to stay afloat. The CEO said business for them is actually booming from the oil and gas downturn since companies are selling off oil equipment to make payroll and pay their bills.
Tags: sell
equipment
companies
gas
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