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Tag: capex
Premier Oil Sees At Least $100 Million In Capex Cuts
2020-03-13 14:26:38| OGI
U.K. oil producer Premier Oil on March 13 said it had identified at least $100 million in potential savings on its 2020 capital spending plans as it and other rivals scramble to adjust to the plunge in global crude prices.
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Occidental Petroleum To Book $1.7 Billion Charges, Cuts 2020 Capex
2020-02-11 21:00:00| OGI
Occidental Petroleum said its fourth-quarter results would include charges and further cut its spending as the shale producer reduces costs following its purchase of rival Anadarko Petroleum.
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Driller Helmerich & Payne Sees Oil Producers Cutting 2020 Capex
2020-02-05 14:25:56| OGI
Even so, the driller is expecting a "modest" increase in rig activity in the current quarter over last. Helmerich & Payne plans to run an average of 196 rigs for the quarter.
Tags: oil
cutting
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producers
From OGI Editor-In-Chief: Capex Capitulation
2020-02-03 14:00:00| OGI
While less is now more as investors turn a skewed eye on growth and production, E&Ps may finally be capitulating on plowing back capex spending.
Tags: capitulation
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editorinchief
Chesapeake Energy Sees 30% Drop In 2020 Capex
2019-11-05 15:18:56| OGI
Chesapeake said it expects capex of $1.3 billion to $1.6 billion for 2020 that is well below $2.11 billion to $2.31 billion set aside for 2019.
Tags: energy
drop
sees
chesapeake
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