Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Talisman Energy Cuts 90 Jobs in Calgary on Low Gas Prices

Feb. 20 (Bloomberg) -- Talisman Energy Inc. will fire 90 employees in its Calgary office because of low natural gas prices.

Talisman is reducing spending on gas operations, the Calgary-based company said in a statement today. Talisman will continue to employ 1,500 people in Canada, though the company may cut more jobs over the year as it reduces general and administrative costs of $500 million by one-fifth, Phoebe Buckland, a company spokeswoman, said in a phone interview today.

“About $100 million to $150 million is this 20 percent that we’re trying to reduce,” Buckland said. “Approximately 60 percent of that is related to people costs.”

Talisman Chief Executive Officer Hal Kvisle said Feb. 13 the company planned to reduce its capital budget by 25 percent to $3 billion this year.

The company will outline its spending plans at an investor meeting in Calgary on March 6, Buckland said.

To contact the reporter on this story: Rebecca Penty in Calgary at

To contact the editor responsible for this story: Susan Warren at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.