Reaching $50 a barrel was quite a landmark, however some traders are already betting on $20/barrel futures. Industry giants, such as Shell, Premier Oil, Statoil and Canadian Natural Resources, are now abandoning billions of dollars in exploration drilling projects. This current trend has caused a great deal of scrutiny towards capital spending across the energy sector.
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Oil projects on hold... when possible
Jan 23, 2015 |
Branco Kuznar |
operations,
downturn,
behavior,
change,
oil & gas,
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