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Talisman Energy president and CEO Hal Kvisle has four cost-cutting goals. speaks at the Global Business Forum in Banff, Alta., Thursday, Sept. 20, 2012. THE CANADIAN PRESS/Jeff McIntosh
Talisman Energy president and CEO Hal Kvisle has four cost-cutting goals. speaks at the Global Business Forum in Banff, Alta., Thursday, Sept. 20, 2012. THE CANADIAN PRESS/Jeff McIntosh
(Jeff McIntosh/THE CANADIAN PRESS)

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Talisman cuts 90 jobs, blames low natural gas prices

Talisman Energy Inc. has cut 90 people from its head office in Calgary, citing stubbornly low natural gas prices. This translates into a reduction of about 7 per cent.

“This is largely due to low North American natural gas prices, which have resulted in Talisman significantly reducing spending on dry gas plays,” the company said in a short press release Wednesday.