DCP Midstream eliminating 300 jobs nationwide

DCP Midstream LLC, a joint venture between Phillips 66 and Spectra Energy, is cutting 300 jobs nationwide, including 20 jobs in Houston this week and 80 more throughout the rest of Texas, according to Fuel Fix.

The pipeline and gas processing joint venture began an overall downsizing about 18 months ago. It has also reduced its 2016 capital budget down to $250 million, from its 2015 capital budget of $550 million.

Once the job eliminations are completed, DCP will be employing approximately 2,900 people.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...