The Globe and Mail | Oil giants try to stay afloat with hundreds of job cuts, slashed spending The Globe and Mail Major companies in Canada's energy industry are making another round of deep staff cuts and further shrinking their spending plans as oil and gas players scramble to stay afloat as the year-long commodity rout continues. Penn West Petroleum Ltd. and ... Penn West, ConocoPhillips cut oil and gas jobs, mostly in Calgary ConocoPhillips, Penn West cut over 900 oil and gas jobs Penn West Petroleum, ConocoPhillips Canada slash hundreds of jobs |