Enbridge's Midcoast Energy Partners Cuts Jobs As Nat Gas Volumes Decline
A slowdown in natural gas production among partnering companies at Midcoast Energy Partners (MEP), an Enbridge Energy Partners limited partnership business unit, has prompted a workforce reduction of fewer than 100 employees, Enbridge said.
“This cost reduction for MEP will help this business unit meet its strategic objectives and financial goals while maintaining our commitment to the safety and operational reliability of the pipeline system,” an Enbridge spokesperson told Rigzone.
The cuts are in the domestic gas pipelines and processing unit, and were solely the result of reductions in natural gas volumes as prices weakened, the spokesperson added.
The announced workforce reduction follows a drop of $20 million in operating income in the third quarter, compared with 3Q 2013 numbers.
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