Friday, October 28, 2016

With Crude's Fall All The Majors Have Already Run For The Hills

'Long aftershock': Big Oil is retreating from Western Canada during two-year downturn

When an oil recovery does take hold in Western Canada, it will have to make do with a diminished presence of global oil players. Companies such as Total S.A., Statoil ASA, Conoco Phillips, BP PLC, Chevron Corp., Repsol S.A. and many others retreated sharply from Canada during the two-year downturn, slashing staff, selling assets and dumping…