Home › Oil explorers prepare for another year of stubbornly low prices
 

Keywords :   


Oil explorers prepare for another year of stubbornly low prices

2015-10-29 13:15:02| Oil & Gas - Topix.net

The three biggest U.S. oil explorers to post earnings so far are bracing for another year of deep spending cuts as the slump in energy markets shows no signs of abating. Hess Corp, Occidental Petroleum Corp. and Anadarko Petroleum Corp., the largest producer in Colorado , reported third-quarter losses as free-falling crude and natural gas prices choked cash flow, halted drilling projects and exacted billions of dollars in writedowns as once- prized oil fields dwindled in value.

Tags: year low prices oil

Category:Energy and Environment

Latest from this category

All news
04.11WM Receives Approval from Canada for Stericycle Acquisition
04.11Western Australian State Government Awards Grant to Livium for EV Battery Recycling Plant
04.11ABCRC Selects Diversys to Digitize Albertas Beverage Container Recovery and Recycling Program
04.11Pennsylvania American Water Acquires Sadsbury Township Wastewater Collection System
04.11Santa Barbara County Co-Locates Dirty MRF, Anaerobic Digester, and Compost
04.11Waste World Episode 4: Using Social Media to Educate Audiences About Waste and Recycling
01.11Heritage Environmental Services Secures Commercial Permit Status for Orange, TX Incinerator
01.11Gimme Seaweed Partners with rePurpose Global to Combat Plastic Pollution
Energy and Environment »
05.11Registration Now Open for RadTech 2025
05.11Atlantic Tropical Weather Outlook
05.11Eastern North Pacific Tropical Weather Outlook
05.11Tropical Storm Rafael Graphics
05.11Tropical Storm Rafael Public Advisory Number 7A
05.11Summary for Tropical Storm Rafael (AT3/AL182024)
05.11Vodafone-Three merger could get green light, watchdog says
05.11Altice USA residential video RGUs down 77,000 in 3Q 2024
More »