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Tag: spending
VIDEO: Shell to cut spending as oil plunges
2015-01-29 16:01:46| BBC News | Business | UK Edition
Royal Dutch Shell is going to cut its spending over the next three years to try and deal with the falling price of oil.
Cenovus Energy makes $700-million cut to 2015 spending budget to preserve cash
2015-01-28 14:16:06| Energy - Topix.net
Cenovus Energy Inc. has lowered its 2015 capital budget to between $1.8 billion and $2 billion, which is about $700 million less than the previous estimate and more than 15 per cent below last year's spending levels. Cenovus chief executive Brian Ferguson says he believes crude oil prices will rebound, but the timing is uncertain.
Another driller pulling back spending in Utica shale
2015-01-27 11:36:02| Oil & Gas - Topix.net
Hess Corp. spending in the Utica shale play will drop 42 percent this year, as the oil and gas giant joins the cavalcade of cautious companies reining in U.S. shale development. Hess plans capital expenses of $290 million, down from $500 million last year as the company transitions "at a measured pace in this price environment and as infrastructure builds out," the company said late Monday.
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a Plunging prices force oil majors to cut billions in spending
2015-01-26 15:38:08| Oil & Gas - Topix.net
The world's leading oil companies are reported to be planning a $28 billion cut in capital spending by 2017 to keep debt at a sustainable level at a time when oil prices continue to fall. Investment in exploration and development of oil and gas fields could drop by 20 percent by 2017 compared to last year, say analysts at Morgan Stanley as quoted by the FT .
Spending billions but coming up short on the trust scale
2015-01-25 20:03:29| Auto Dealers - Topix.net
Automotive data available for graphing, exporting and viewing static data tables. Must have a data center subscription to access content.
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