TransCanada Says Cutting 20% Of Senior Management Positions
by Reuters
|
Thursday, September 24, 2015
CALGARY, Alberta, Sept 24 (Reuters) - Pipeline company TransCanada Corp is cutting 20 percent of its senior management positions as a result of the continuing slump in oil prices, a company spokesman said on Thursday.
TransCanada is the company behind the controversial and long-delayed Keystone XL pipeline to the United States, and the cross-Canada Energy East project.
(Reporting by Nia Williams; Editing by Chris Reese)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Ray Richards
|
September 24, 2015
About time, now cut senior salaries and benefits by 20%
RELATED COMPANIES
Company: TransCanada Corporation more info
MORE FROM THIS AUTHOR
Reuters
- Weatherford CEO's Rebound Plan Relies On Getting Smaller
- Iran Says Oil Market Is Too Tight For US Zero Exports Target
- China's Squeezed 'Teapots' Eye Petchem Path To Riches
- Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
- Venezuela Hands China More Oil Presence, But No Mention Of New Funds
Most Popular Articles
- Brent-WTI Oil Price Spread at Highest Point Since 2014
- Pioneer CEO Says Tax Bill May Crush USA Mom-N-Pop Oil Drillers
- U.S. Energy Production Noted Record Drop In 2020
- Wind Industry Feeling Tight Squeeze On Supply Chain
- Europe Set to Start Winter Seriously Short of Diesel
- Noble Corp. Floater Fleet Fully Contracted In Second Quarter
- Diamond Offshore Rakes In $610 Mn In Second Quarter Rig Deals
- Devon in $1.8B Eagle Ford Deal
- Global Onshore Crude Stocks Edge Down
- 457MW California Solar Project Reaches Full Power
- What Fueled Oil Price Downtrend?
- Oil Prices Drop to Levels Not Seen in Months
- USA Senate Passes Inflation Reduction Act
- Oil Supermajors Continue to Hold Back on Investment
- Renewables Picking Up, E&P Firms Pen 82.5 GW Of Deals In 1H 2022
- W. Virginia Bans Five Banks From State Deals Over O&G, Coal Stance
- USA Drops Rigs
- Sval Energy Buying Norwegian Subsidiary Of Suncor Energy
- ConocoPhillips Profit Jumps To Over $5 Billion
- Top Headlines: Pantheon Hits Multiple Oil Reservoirs at 2nd Alkaid Well
- Ships Seized in Mariupol
- Oil Prices Hit Levels Not Seen Since April
- Over A Quarter Of Turbines Installed On Formosa 2 Wind Farm
- Saudis to Hike Oil Price to Record
- Pantheon Hits Multiple Oil Reservoirs At Second Alkaid Well
- Analyst Gives Year-End Oil Price Warning
- Guyana Just Keeps On Giving As Exxon Makes Two More Discoveries
- American Drivers Grab $3.11-a-Gallon Gas in Mexico
- Guyana Going Big League With O&G Revenues To Pass $1 Bn In 2022
- Top Headlines: Ships Seized in Mariupol and More