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Husky looking for $600M in operational savings amid low oil prices

2015-02-12 18:25:52| Oil & Gas - Topix.net

Husky Energy is looking to reduce this year's capital budget by as much as $400 million amid low oil prices. Husky Energy says it's reducing this year's capital budget by as much as $400 million and looking for up to $600 million in operational savings in response to the ongoing low-price environment for oil and gas.

Tags: low prices oil savings

 

Total write downs value of Canadian, US oil fields amid loss

2015-02-12 14:06:07| Oil & Gas - Topix.net

French energy producer Total wrote down the value of oil and gas fields in Canada and the United States and said it would slash investment after the collapse in market prices led to a net loss of $5.66 billion for the fourth quarter. Total SA said Thursday its earnings were weighed down by $6.5 billion in charges, mainly against the value of oil sands in Canada and unconventional gas fields in the United States.

Tags: total write loss fields

 
 

New supply chain options key amid US port problems

2015-02-11 22:14:00| Daily apparel & textile news and comment - from just-style.com

As the threat of a US West Coast port shutdown looms, analysts already estimate the ongoing disruption could add an eye-watering US$36.9bn to costs over the next 24 months. As the congestion continues to cause headwinds for apparel businesses, retailers are being told they must investigate new supply chain options, including more near- and on-shoring.

Tags: options key problems supply

 

VIDEO: Cold front amid Greece bailout talks

2015-02-11 09:12:00| BBC News | Business | UK Edition

The Greek government wins a vote of confidence in the country's parliament, as Alexis Tsipras continues his campaign to renegotiate the terms of the country's bailout.

Tags: video front cold greece

 

U.S. Stocks Decline Amid Concerns on Greece; Health-Care Slumps

2015-02-10 16:30:49| Toys - Topix.net

U.S. stocks fell, led by health-care and utility companies, amid concern that Greece's rejection of the nation's bailout terms could cause further turmoil in Europe. Health-care companies in the Standard & Poor's 500 Index slid for a second day, while utility shares extended declines after a drop Friday that was the steepest since August 2011.

Tags: concerns greece healthcare stocks

 

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