- Repsol (OTCQX:REPYF) is cutting ~30% of its Canadian workforce as part of global restructuring, Reuters reports, making it the latest energy company to either reduce or exit Canada's oil sands to invest elsewhere.
- Repsol's Canadian workforce totaled ~700 at the end of 2018; the company maintains liquids and gas assets and conventional heavy oil operations in western Canada, primarily in Alberta.
- Also this month, Nexen, a subsidiary of China's state-owned oil giant CNOOC (NYSE:CEO), reportedly laid off 100 employees in Alberta.