The Calgary-based company had refused previously to say how many workers were affected by job cuts designed to better align its workforce with lower capital spending plans going forward.
"We're going to continue those efforts to capitalize on the fact we've created a more focused and a simpler company." Capital spending for 2020 and 2021 is being cut by $500 million compared with guidance released last spring due to what Husky called changing market conditions. Husky says average upstream production is expected to be in the range of 295,000 to 310,000 barrels of oil equivalent per day for 2020, up about four per cent, despite about 5,000 barrels of oil per day in the first half of the year expected to be interrupted by an oil curtailment program in Alberta and planned maintenance.The company says its capital spending for 2020 will focus on its Lloydminster, Sask.
Source: Energy Industry News (energyindustrynews.net)
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Maybe Kenny will give u more money to help out the billion dollar company
Oil and gas is a sunset industry. Too bad Conservative governments in Alberta blew all the Heritage Fund that could have been used to diversify their economy.
A message of the expedition 20/21
But ...but ...what happened to Kenney tax cuts? Surely that saved a few jobs ...right? abpoli ableg
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