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VIDEO: Shell to cut spending as oil plunges

2015-01-29 16:01:46| BBC News | Business | UK Edition

Royal Dutch Shell is going to cut its spending over the next three years to try and deal with the falling price of oil.

Tags: video cut oil shell

 

Cenovus Energy makes $700-million cut to 2015 spending budget to preserve cash

2015-01-28 14:16:06| Energy - Topix.net

Cenovus Energy Inc. has lowered its 2015 capital budget to between $1.8 billion and $2 billion, which is about $700 million less than the previous estimate and more than 15 per cent below last year's spending levels. Cenovus chief executive Brian Ferguson says he believes crude oil prices will rebound, but the timing is uncertain.

Tags: makes energy cash cut

 
 

Another driller pulling back spending in Utica shale

2015-01-27 11:36:02| Oil & Gas - Topix.net

Hess Corp. spending in the Utica shale play will drop 42 percent this year, as the oil and gas giant joins the cavalcade of cautious companies reining in U.S. shale development. Hess plans capital expenses of $290 million, down from $500 million last year as the company transitions "at a measured pace in this price environment and as infrastructure builds out," the company said late Monday.

Tags: back spending pulling utica

 

a Plunging prices force oil majors to cut billions in spending

2015-01-26 15:38:08| Oil & Gas - Topix.net

The world's leading oil companies are reported to be planning a $28 billion cut in capital spending by 2017 to keep debt at a sustainable level at a time when oil prices continue to fall. Investment in exploration and development of oil and gas fields could drop by 20 percent by 2017 compared to last year, say analysts at Morgan Stanley as quoted by the FT .

Tags: prices force cut oil

 

Spending billions but coming up short on the trust scale

2015-01-25 20:03:29| Auto Dealers - Topix.net

Automotive data available for graphing, exporting and viewing static data tables. Must have a data center subscription to access content.

Tags: short coming scale trust

 

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