ConocoPhillips laying off 300 Alberta workers after selling assets
By News on the Net -- Calgary Herald—— Bio and Archives--May 4, 2017
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ConocoPhillips is laying off 300 Alberta workers weeks after announcing the sale of oilsands and natural gas assets to Cenovus Energy Inc. in a blockbuster $17.7-billion deal.
A spokesman for ConocoPhillips Canada said the company will be much smaller after the sale, which comes amid a spate of international producers selling their stakes in Alberta’s oilsands. -- More...
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