Ex-Syncrude partner Murphy Oil closing Calgary office to cut costs GlobeBusiness
Murphy Oil says it will transfer functions of the Calgary office, which employs about 110 people, and its El Dorado, Ark., head office to its existing office in Houston
The logo for the Murphy Oil Corporation appears above a trading post on the floor of the New York Stock Exchange, Tuesday, Oct.This advertisement has not loaded yet, but your article continues below.The S&P/TSX composite index was up 88.Both would rather the government pour economic recovery money into transitioning workers in Alberta's oil industry to renewable energies instead.
8, 2019.THE CANADIAN RESS/AP/Richard Drew The Associated Press American oil and gas producer Murphy Oil Corp.My decision to resign as chancellor was prompted by the incompatibility of my business interests with the board of governors’ decision to divest from fossil fuel companies in its endowment portfolio,” she wrote in her resignation letter.says it is shutting its Calgary office as part of a plan to cut costs as oil prices remain at low ebb.In New York, the Dow Jones industrial average was up 320.The company says it will transfer functions of the Calgary office, which employs about 110 people, and its El Dorado, Ark.The university, to make a statement against an industry that has been paying their bills for many years, I find untenable., head office, with 80, to its existing office in Houston..
The move comes about four years after Murphy agreed to sell its five per cent stake in the Syncrude oilsands mining and upgrading consortium in northern Alberta to Suncor Energy Inc.Article content continued The board’s decision is hypocritical, considering that the region’s economy is driven mostly by the auto industry, which is totally tied to oil.The S&P 500 index was up 40.Story continues below advertisement The company is a minority partner in the Hibernia and Terra Nova offshore oil projects on the East Coast and produces oil and gas from conventional wells in Alberta and B.C.Without oil and autos, the Canadian economy would be a big version of Prince Edward Island’s.Murphy says the office closures are to be completed early in the third quarter of this year and won’t impact field operations in the U.85 points at 8,970.S.” It is easier to find a unicorn than to find wisdom on a university board of governors Seymour Schulich These boards are often comprised of inappropriate placeholders, and a few have become patsies to a larger movement that scapegoats oil, cars and free enterprise in the climate change debate.
and Canada.The decision came after the company said it made other cuts, including halving capital expenditures, lowering the company’s dividend and reducing executive salaries.Demand, not supply, is the cause of increased carbon emissions, along with the United Nations’ glaring exemption from emissions controls on China, India and other developing countries.31 cents US compared with an average of 70.“This decision is one we take with sadness, but with the understanding that our only path forward is to consolidate into one office in Houston,” said CEO Roger Jenkins in a statement.“The company recognizes the hardship this decision causes to many in El Dorado and Calgary, and we are committed to treating all those impacted consistent with past practices and plan to offer appropriate severance arrangements.Advertisement This advertisement has not loaded yet, but your article continues below.” Related topics.24 at US$26.
globebusiness Along with billions of other investment capital that has left Canada due to its unfriendly anti oil government. When Warren Buffet pulls his investments you know it is time for Blackface to go globebusiness Alberta is being poorly managed
Diane Francis: University takes dimwitted stand against prosperity by divesting from oil stocksUniversity of Guelph\u0027s grandstanding move is an insult to Canada and its critically important oil and automotive sectors Agree or disagree, individuals and institutions are free to decide how they invest their money. Or is Diane Francis now opposed to the free market?
S&P/TSX composite up, while U.S. stock markets also rise; oil prices upGains in the energy, financial and industrial sectors led Canada's main stock index higher in late-morning trading, while the price of oil also moved up.
Trudeau says he does not share view that oil and gas sector is beyond savingBloc Quebecois Leader Yves-Francois Blanchet and Green parliamentary leader Elizabeth May both claim the oil price shock that has devastated Canada's oil patch in recent weeks should be the final sign that the industry cannot and should not be saved. HawkingDead lol while he does everything he can to DESTROY it...typical jesuit. rachaiello It’s not, but the sector should save itself not beg for bail outs after decades of massive profits.
Diane Francis: University takes dimwitted stand against prosperity by divesting from oil stocksUniversity of Guelph’s grandstanding move is an insult to Canada and its critically important oil and automotive sectors There's nothing wrong with divesting for ethical reasons if you're consistent. If you divest from oil but allow Chinese propaganda elements to operate at your university and invest in Chinese products, you're supporting genocide and organ harvesting. Let them all drop them and I can buy them cheap. I love the royalties. No problems invest we’re you like with your money, but no more subsidies. No more tax payers money . Make it on your own or don’t make it at all. Better yet could save billions yearly if stop all direct funding to all colleges and universities. Tuition alone
First Nations worried by suspension of oil sands environmental monitoringFort McKay, located north of Fort McMurray in the heart of the oil sands, is surrounded on three sides by development. Its concerns about those impacts are long-standing Cuz you started this shit with the property mgmt on Facebook, you hasbeens Another Globe and Mail hate thread built on the usual divisive methods. I call BS on this story. Any First Nations living near or involved in our oilsands know that no environmental standards have been dropped or lessened. Looks like the activists are back to their lying ways & the complicit msm has got their back.
Barclays defends its climate ambitions after protesters spray imitation oil on bank’s headquartersAddressing climate change concerns, Chairman Nigel Higgins said the lender was committed to becoming greener in a statement to mark the annual general meeting