News Energy Manufacturing Oil & Gas General Production

March 25, 2020  

Suncor cuts $1.5B from budget to cope with low oil prices, virus impact

Cuts follow billions in spending reductions by other major oil sands players.

News Energy Manufacturing Oil & Gas General

December 5, 2018  

Canadian Natural cuts $1B from budget due to low oil price

Oil sands producer will ramp up capital spending if prices improve and stabilize, and there’s clarity on market access.

News Energy Manufacturing Oil & Gas General Operations Production Sustainability

December 14, 2015  

Encana to cut capital budget by $600M

Also cuts shareholder dividend by about 78%.

News Energy Oil & Gas General Operations Production Sustainability

September 1, 2015  

Penn West cuts 400 jobs, mostly in Calgary

To cut a further $75 million from capital spending budget; suspends dividend.

News Energy Oil & Gas General Operations Production Sustainability

February 25, 2015  

Encana cuts capital spending plan by US$700M

Will continue to focus 80% of its capital investment on four main assets in Alberta, BC and Texas.