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Big oil to cut investment again in 2016

2016-01-03 14:41:35| Oil & Gas - Topix.net

With crude prices at 11-year lows, the world's biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more to preserve the dividends demanded by investors. International oil companies are once again being forced to cut spending, sell assets, shed jobs and delay projects as the oil slump shows no sign of recovery.

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Canadas oil industry frets as pressure mounts to cut fossil-fuel tax incentives

2015-11-13 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Globe and Mail: Canadas oil industry is facing a twin threat as environmentalists urge the Liberal government to make good on promises to slash fossil-fuel subsidies and impose a tougher regulatory regime on existing applications to build pipelines to the West and East coasts. A study released Thursday pegged federal subsidies for the industry at nearly $1.7-billion, including items such as accelerated capital-cost writeoffs recently extended to the proposed liquefied natural gas plants, and the Canadian exploration...

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Oil co's still need to cut supply-Societe Generale's Herrlin

2015-10-31 13:42:06| Oil & Gas - Topix.net

Societe Generale's John Herrlin talks about Exxon Mobil and Chevron results, and the challenges facing the energy sector. Bobbi Rebell reports.

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Oil firms to cut fuel prices anew

2015-10-26 13:21:05| Oil & Gas - Topix.net

Petron Corp. said it will implement a P1 per liter rollback on gasoline; P0.35/li for diesel; and P0.40/li for kerosene. Phoenix Petroleum and PTT Philippines will cut prices of gasoline by P1/li and diesel by P0.35/li effective 6 a.m., Tuesday.

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Cabot Oil & Gas Co. Price Target Cut to $36.00 by Analysts at KLR Group

2015-10-17 22:55:40| Oil & Gas - Topix.net

KLR Group's target price suggests a potential upside of 55.11% from the stock's previous close. A number of other equities analysts have also weighed in on COG.

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