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Equinor is one of the few international companies to divest from the oilsands to continue looking at additional oil projects in Canada. CALGARY – Norway’s Equinor ASA is decamping from Calgary and moving staff across the country to St. John’s as the company is no longer interested in Western Canada’s oil and gas opportunities and will focus on offshore projects in Atlantic Canada. “The decision to consolidate offices was made to improve organizational efficiencies in our Canadian business and align with our updated Canada business strategy,” Equinor Canada Ltd. spokesperson Alex Collins said in an emailed statement, adding the company is also laying off about 30 per cent of its 120-person Canadian workforce. The Oslo-based oil producer, formerly known as Statoil, is closing its office in Calgary this month and relocating staff to St. John’s as the company refocuses future spending on its offshore oil business on the East Coast. Equinor will keep a small oil marketing and trading team in Calgary. “Equinor previously divested our Western Canadian assets (in 2017), and will no longer evaluate business opportunities in the onshore energy industry in Canada,” Collins said, referring to its sale of its oilsands asset to Athabasca Oil Corp., […]
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