Home › CanElson Drilling cuts capital budget by 80%, reduces dividend by half
 

Keywords :   


CanElson Drilling cuts capital budget by 80%, reduces dividend by half

2015-01-19 21:03:22| Oil & Gas - Topix.net

CanElson Drilling Inc. says it will reduce its quarterly dividend by 50 per cent, defer the completion of three new drilling rigs, and reduce its capital budget by 80 per cent as a result of low crude oil and natural gas prices. The Calgary-based company says activity remains relatively strong its expects both activity and pricing levels to decline in 2015 in response to what appears to be a prolonged decline in global oil prices.

Tags: by half capital budget

Category:Energy and Environment

Latest from this category

All news
05.11ArcticRx Cold Chain Breakthrough Prevents Pharmaceutical and Food Loss
05.11Waste Pro Awards $30,000 to Athens Employees Celebrating 20 Years of Service
05.11Alterra, Neste and Technip Energies Partner to Advance Chemical Recycling
04.11Casella Waste Systems Advocates for Composting at Pumpkin Smashing Event
04.11Sydney, Australia Landfill Facing Capacity, Officials Stress for New Solutions
04.11WM Receives Approval from Canada for Stericycle Acquisition
04.11Western Australian State Government Awards Grant to Livium for EV Battery Recycling Plant
04.11ABCRC Selects Diversys to Digitize Albertas Beverage Container Recovery and Recycling Program
Energy and Environment »
05.11NI rise hits workers harder than employers, says OBR
05.11Tropical Storm Rafael Graphics
05.11Tropical Storm Rafael Wind Speed Probabilities Number 8
05.11Tropical Storm Rafael Public Advisory Number 8
05.11Summary for Tropical Storm Rafael (AT3/AL182024)
05.11Tropical Storm Rafael Forecast Advisory Number 8
05.11Lenzing Expands Nonwovens Range
05.11Netflix Europe offices raided in tax fraud probe
More »