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Tag: oil investment
Australian Oil & Gas investment: down and out down under?
2016-11-28 01:00:00| Offshore Technology
The Australian governments latest oil and gas exploration expenditure is grim reading for industry, showing that the number of exploration wells drilled offshore is at its lowest in nearly 20 years. Continued low oil prices explain some of the decli
Tags: out
under
down
investment
Oil and gas investment 'collapsing'
2016-02-23 01:02:06| BBC News | Business | UK Edition
Investment in new offshore oil and gas projects is collapsing despite cost-cutting efforts, according to an industry report.
Tags: investment
gas
oil
collapsing
Oil industry cutting jobs, investment to offset lower prices
2016-02-03 04:16:38| Energy - Topix.net
The latest warnings came from Exxon Mobil, which reported Tuesday that fourth-quarter earnings fell 58 percent in the oil giant's weakest quarter since 2002. The results were even worse at BP, which posted a 91 percent decline in profit.
Tags: jobs
prices
industry
lower
Oil industry cutting jobs, investment to offset lower prices
2016-02-02 23:40:40| Oil & Gas - Topix.net
The latest warnings came from Exxon Mobil, which reported Tuesday that fourth-quarter earnings fell 58 percent in the oil giant's weakest quarter since 2002. The results were even worse at BP, which posted a 91 percent decline in profit.
Tags: jobs
prices
industry
lower
Big oil to cut investment again in 2016
2016-01-03 15:21:05| Energy - Topix.net
LONDON, Jan 3 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. At around $37 a barrel, crude prices are well below the $60 firms such as Total, Statoil and BP need to balance their books, a level that has already been sharply reduced over the past 18 months.
Tags: big
cut
investment
oil