US Flag Americas Will Take Brunt of Any Oil Output Cuts as Iran Returns September 1, 2015 6:07 am - The Americas will take the brunt of any cuts in oil production as Iran increases output once international sanctions are lifted, according to a report by A.T. Kearney Inc.’s oil and gas consulting practice in Dubai. North, South and Central American oil production could fall 1.1 million barrels a day by 2020 because of higher [Read More…]
Penn West Plaza, Downtown Calgary Penn West cutting 400 jobs, mostly at Calgary HQ, to reduce spending September 1, 2015 3:21 am - CALGARY – A fresh wave of layoffs is hitting the energy sector as two oil and gas companies cut a total of 900 jobs, mostly in Calgary. Penn West Petroleum is cutting its workforce by 35 per cent for a loss of over 400 full-time employees and contractors. And ConocoPhillips Canada plans to lay off [Read More…]