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Suncor Energy trimming capital spending by a further $400 million

WATCH ABOVE: With oil prices sitting at less than US$50 a barrel, there’s some bad news from two of Alberta’s biggest energy players. Cenovus Energy and Suncor Energy are both announcing job cuts. 320 more words

Canada

'No one knows' where oil prices are headed as Imperial, Suncor report earnings

Above watch: Some industry analysts are saying things will get worse before they get better in the oil field. Gary Bobrovitz reports.

CALGARY- The top executives of two major oilsands producers say they’re looking past swings in crude prices and focusing instead on what’s within their control. 546 more words

Canada

Timeline: Tracking the layoffs in Alberta's oilpatch

CALGARY – Since oil prices began tanking last summer, there have been predictions of thousands of layoffs in Alberta’s energy-dependent economy. So just how many jobs have we lost so far? 837 more words

News

Calgary oil workers suffer as Talisman, ConocoPhillips announce job cuts

Watch: Gary Bobrovitz reports on Wednesday’s layoffs in the oil industry.

CALGARY – It’s been a rough week for many in the oilpatch.

Talisman Energy Inc. 626 more words

Money

Thousands of oil industry jobs at stake as companies reduce costs

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Keeping a job in the upstream sector of the global oil and gas industry is seemingly becoming harder by the day as companies streamline operations to reduce costs as they take a beating from the current low oil prices. 215 more words

Top News

Tradewinds, Jacques and Los on "the Canadian Shipping Pipeline" to the U.S Gulf

Genmar Daphne Steaming up the Houston Ship Channel with assistance from tugboats. The 106,000 tons DWT crude oil tanker owned by General Maritime. Credit: Roy Luck… 592 more words

Wet Freight

Suncor selling Cardium assets to Tamarack

CALGARY — Suncor Energy Inc. says it has a deal to sell non-core Cardium assets in central Alberta to junior Tamarack Valley Energy Ltd. for $168 million. 120 more words

Business