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Natural gas slowdown costs at least $1.5B in capital spending in 2015

2015-03-10 22:28:04| Oil & Gas - Topix.net

Most publicly traded drillers in the Marcellus Shale have cut back on their spending plans for 2015, although Southwestern Energy is upping its capital spending. Five natural-gas producers with significant operations in southwestern Pennsylvania have reduced their capital budgets collectively by 23 percent - or $1.5 billion - according to numbers reported in operational guidance.

Tags: in natural costs capital

Greeley, Weld see oil and gas slowdown, but it's - not a one-horse town'

2015-03-08 07:34:10| Oil & Gas - Topix.net

Industry experts say an oil rig supports about 100 jobs each, but many rig operations in the nation are packing up. Here's a look at the recent cuts to rig operations: A Weld County has lost 15 rigs in the last year.

Tags: not town gas oil

just On Call - Australia slowdown blots strong Q4 for Monster Beverage Corp

2015-03-02 13:38:00| Daily beverage news and comment - from just-drinks.com

Monster Beverage Corp's CEO has blamed a weaker Australia for a Q4 sales slowdown in Asia but said Japan continues to grow.

Tags: call australia strong corp

Canam sees less competition in Canada amid lower loonie, slowdown in the oilpatch

2015-02-26 20:37:09| Steel - Topix.net

Structural steel fabricator Canam Group is facing less competition from foreign firms in Canada as the lower loonie, decreased energy activity and the U.S. economic recovery prompts American rivals to chase opportunities closer to home. "These three things make the Canadian market less attractive to others and we ourselves have done OK," CEO Marc Dutil said Thursday after releasing the company's strongest fourth-quarter results in seven years.

Tags: the canada lower competition