Enbridge cuts jobs amid slumping oil prices
http://www.bizjournals.com/houston/morning_call/2014/12/enbridge-cuts-jobs-amid-slumping-oil-prices.html
Houston-based Enbridge Energy Partners LP (NYSE: EEP) is the latest energy company to announce budgetary cuts amid dropping oil prices and industry-wide cuts.
In an effort to reduce costs, Enbridge Energy Partners has cut jobs in its domestic gas pipelines business, according to the Houston Chronicle. Less than 100 jobs were cut.
The midstream business unit is known as Midcoast Energy Partners LP and is a limited partnership formed by Enbridge Energy Partners. The job cuts will impact Midcoast Energy Partners.
BP to spend $1 billion on thousands of job cuts
http://www.reuters.com/article/2014/12/10/us-bp-restructuring-idUSKBN0JO0QN20141210
BP will cut thousands of jobs cut across its global oil and gas business by the end of next year in a $1 billion restructuring programme announced on Wednesday following steep falls in oil prices.
The British oil major said it was also considering deeper cuts to its 2015 budget beyond the $1-$2 billion reduction already announced in October, as a result of the oil slump.