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Marathon Oil to cut 2015 budget 20 percent
2014-12-19 07:00:08| Oil & Gas - Topix.net
Houston-based Marathon Oil Corp. is the latest energy company to cut its 2015 budget in the wake of falling oil prices. Marathon expects its 2015 capital, investment and exploration budget will be about 20 percent lower than equivalent spending in 2014, excluding its recently disposed Norway business.
Climate change could cut world food output 18 percent by 2050
2014-12-18 19:01:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Global warming could cause an 18 percent drop in world food production by 2050, but investments in irrigation and infrastructure, and moving food output to different regions, could reduce the loss, a study published on Thursday said. Globally, irrigation systems should be expanded by more than 25 percent to cope with changing rainfall patterns, the study published in the journal Environmental Research Letters said. Where they should be expanded is difficult to model because of competing scenarios...
English council funds 'cut by 1.8%'
2014-12-18 16:50:24| BBC News | Business | UK Edition
English councils will face an average cut of 1.8% in their overall spending power, the government says.
Tags: english
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14:12 Brent steady above $61 as companies cut upstream investments
2014-12-18 11:11:21| Oil & Gas - Topix.net
Brent crude held steady above $61 a barrel on Thursday, bringing a sharp drop in prices to a temporary halt as companies are forced to cut upstream investments around the world, reports Reuters. Chevron Corp has put a plan to drill for oil in the Beaufort Sea in Canada's Arctic on indefinite hold, while Marathon Oil cut its capital expenditure for next year by about 20 percent.
Tags: companies
cut
investments
steady
14:12 Brent steady above $61 as companies cut upstream investments
2014-12-18 11:08:53| Energy - Topix.net
Brent crude held steady above $61 a barrel on Thursday, bringing a sharp drop in prices to a temporary halt as companies are forced to cut upstream investments around the world, reports Reuters. Chevron Corp has put a plan to drill for oil in the Beaufort Sea in Canada's Arctic on indefinite hold, while Marathon Oil cut its capital expenditure for next year by about 20 percent.
Tags: companies
cut
investments
steady
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