Midstream - Pipelines | Government & Regulatory | People | Job Cuts / Downsize / Layoff
Repsol to Cut 30% of Canadian Staff
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Repsol is planning to cut a significant portion of its workforce in Canada, according to a report by Reuters.
These layoffs, which will affect ~30% of employees, are concentrated in the company's offices in Calgary, Chauvin and Edson. According to the report, Repsol has ~700 employees in Canada - so while a firm number of cuts wasn't given, we estimate it will affect around 200 workers.
The lack of sufficient pipeline infrastructure in Canada has put pressure on E&Ps active in the Canadian plays. For example, the Trans Mountain Pipeline expansion project finally achieved approval this week, nearly five years after it was initially announced back in 2014. This delay in the approval process of infrastructure has been a key factor in the drop in drilling activity seen in the country in…
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