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Oil Slump Means Canceled Projects as Investment Declines: Energy
2014-10-16 19:41:01| Oil & Gas - Topix.net
The global crash in crude prices is reverberating through the oil and gas industry, pressuring producers to curtail investment to protect profits and avoid cuts to dividend payments. Projects in the Canadian oil sands, offshore fields in Norway and drilling-intensive U.S. shale deposits are among the most vulnerable as oil prices come perilously close to production costs.
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Category:Energy and Environment
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