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Tag: spending
Australias Woodside Slashes $2 Billion in Spending, Delays Key Gas Projects
2020-03-27 13:58:14| OGI
Woodside Petroleum halved its forecast spending for 2020 and deferred go-ahead decisions for its two biggest gas projects to ride out the pain of the coronavirus pandemic and plunging oil prices.
Tags: key
projects
gas
billion
Analyst: Spending on New Oil, Gas Projects Could Fall by 68% This Year
2020-03-24 14:11:02| OGI
Investments are likely to fall to $61 billion, or by 68%, if the Brent crude price stays at about $30 per barrel.
Shell, Total Slash Spending, Suspend Buybacks
2020-03-23 22:00:00| OGI
The cuts by Shell and Total mirror recent moves made by other supermajors following a drop in oil prices by more than 60% since January
Tags: total
shell
spending
suspend
Chemical and oil companies to slash capital spending, slowing investment wave
2020-03-23 16:31:30| Canadian Plastics Headlines
In the wake of the coronavirus and collapse in crude oil prices, chemical, oil and gas, and midstream companies will all slash capital spending for growth projects to preserve cash. The post Chemical and oil companies to slash capital spending, slowing investment wave appeared first on Canadian Plastics.
Tags: companies
capital
investment
oil
Rig Counts Begin Falling As Shale Operators Cut Billions In Spending
2020-03-20 15:55:07| OGI
Survival mode has returned to the oil and gas sector, Wood Mackenzie says.
Tags: begin
cut
spending
falling
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