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Big oil to cut investment again in 2016
2016-01-03 15:21:05| Energy - Topix.net
LONDON, Jan 3 With crude prices at 11-year lows, the world's biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more to preserve the dividends demanded by investors. At around $37 a barrel, crude prices are well below the $60 firms such as Total, Statoil and BP need to balance their books, a level that has already been sharply reduced over the past 18 months.
Tags: big
cut
investment
oil
Big oil to cut investment again in 2016
2016-01-03 14:41:36| Oil & Gas - Topix.net
LONDON, Jan 3 With crude prices at 11-year lows, the world's biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more to preserve the dividends demanded by investors. At around $37 a barrel, crude prices are well below the $60 firms such as Total, Statoil and BP need to balance their books, a level that has already been sharply reduced over the past 18 months.
Tags: big
cut
investment
oil
Big oil to cut investment again in 2016
2016-01-03 14:41:35| Oil & Gas - Topix.net
With crude prices at 11-year lows, the world's biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more to preserve the dividends demanded by investors. International oil companies are once again being forced to cut spending, sell assets, shed jobs and delay projects as the oil slump shows no sign of recovery.
Tags: big
cut
investment
oil
Big oil companies united to fight regulations - but spent millions bracing for climate change
2015-12-31 17:56:49| Oil & Gas - Topix.net
"Let's face it: The science of climate change is too uncertain to mandate a plan of action that could plunge economies into turmoil," the ad said. "Scientists cannot predict with certainty if temperatures will increase, by how much and where changes will occur."
Tags: change
united
big
companies
Big Oil braced for global warming while fought regulations
2015-12-31 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
LA Times: A few weeks before seminal climate change talks in Kyoto back in 1997, Mobil Oil took out a bluntly worded advertisement in the New York Times and Washington Post. Lets face it: The science of climate change is too uncertain to mandate a plan of action that could plunge economies into turmoil, the ad said. Scientists cannot predict with certainty if temperatures will increase, by how much and where changes will occur. One year earlier, though, engineers at Mobil Oil were concerned enough about...
Tags: big
global
oil
regulations
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