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Australias Woodside Slashes $2 Billion in Spending, Delays Key Gas Projects

2020-03-27 13:58:14| OGI

Woodside Petroleum halved its forecast spending for 2020 and deferred go-ahead decisions for its two biggest gas projects to ride out the pain of the coronavirus pandemic and plunging oil prices.

Tags: key projects gas billion

 

Analyst: Spending on New Oil, Gas Projects Could Fall by 68% This Year

2020-03-24 14:11:02| OGI

Investments are likely to fall to $61 billion, or by 68%, if the Brent crude price stays at about $30 per barrel.

Tags: this year fall projects

 
 

Shell, Total Slash Spending, Suspend Buybacks

2020-03-23 22:00:00| OGI

The cuts by Shell and Total mirror recent moves made by other supermajors following a drop in oil prices by more than 60% since January

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Chemical and oil companies to slash capital spending, slowing investment wave

2020-03-23 16:31:30| Canadian Plastics Headlines

In the wake of the coronavirus and collapse in crude oil prices, chemical, oil and gas, and midstream companies will all slash capital spending for growth projects to preserve cash. The post Chemical and oil companies to slash capital spending, slowing investment wave appeared first on Canadian Plastics.

Tags: companies capital investment oil

 

Rig Counts Begin Falling As Shale Operators Cut Billions In Spending

2020-03-20 15:55:07| OGI

Survival mode has returned to the oil and gas sector, Wood Mackenzie says.

Tags: begin cut spending falling

 

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