Home Big oil to cut investment again in 2016
 

Keywords :   


Big oil to cut investment again in 2016

2016-01-03 14:41:36| Oil & Gas - Topix.net

LONDON, Jan 3 With crude prices at 11-year lows, the world's biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more to preserve the dividends demanded by investors. At around $37 a barrel, crude prices are well below the $60 firms such as Total, Statoil and BP need to balance their books, a level that has already been sharply reduced over the past 18 months.

Tags: big cut investment oil

Category:Energy and Environment

Latest from this category

All news

27.09Minnesota Installing States First Geothermal Field in a Landfill
27.09Las Vegas Solid Waste Director Makes Significant Improvements to Citys Waste Department
27.09Napa Valley Landfill Likely to Close, Reveals Internal E-Mail
26.09Bubble Paper Announces Christian Chamberlain as National Site Manufacturing Director
26.09This Week in Waste: Top Stories September 23 Sept. 26, 2024
26.09Mill Presents First-Ever Make Food, Not Waste Restaurant Week in New York City
26.09Cyclic Materials Secures $53 Million for Global Expansion of Rare Earth Recycling Infrastructure
26.09Rumpke Enters Court Battle Over Fatal Landfill Incident in Hamilton County, Ohio
Energy and Environment »
28.09Post-Tropical Cyclone Helene Public Advisory Number 21
28.09Tropical Storm Joyce Public Advisory Number 5
28.09Summary for Tropical Storm Joyce (AT1/AL112024)
28.09Post-Tropical Cyclone Helene Public Advisory Number 21
28.09Tropical Storm Joyce Forecast Discussion Number 5
28.09Tropical Storm Joyce Wind Speed Probabilities Number 5
28.09Tropical Storm Joyce Forecast Advisory Number 5
28.09Hurricane Isaac Graphics
More »