$400 Bil In Oil Projects Delayed In '15, More To Come

January 2016
Investors Business Daily;1/15/2016, p20
The article offers information on the delay of the multibillion oil projects of petroleum companies, including BP PLC, Statoil ASA and Royal Dutch Shell PLC, in Kazakhstan and Africa in 2015. The topics discussed include the intent of the three companies to keep the dividends amidst the oil prices' pressure, the challenges experienced by Shell on its oil projects in Canada, and the 2016 projects of shale producer Continental Resources Inc.


Related Articles

  • OIL MAJORS NEED ALL HANDS TO THE PUMPS. Cervi, Bob // Engineering & Technology (17509637);Jun2013, Vol. 8 Issue 5, p16 

    The article offers on an investigation by Norway's Statoil ASA and price reporting agency Platts which criticizes BP plc and Royal Dutch Shell plc for gaining huge profits due to increase in fuel costs.

  • BP, Shell Cautious On Investment As Oil Prices Falter Again. RICH, GILLIAN // Investors Business Daily;11/1/2016, p1 

    The article reports that the drop in crude prices has led BP PLC to lower its capital expenditure outlook for 2016 and being cautious on 2017, whereas Royal Dutch Shell PLC downgraded its spending outlook for 2017.

  • Shell bets big on gas.  // TCE: The Chemical Engineer;May2015, Issue 887, p3 

    The article reports on the acquisition of natural gas company BG Group by the oil firm Shell. Topics discussed include the benefits of the acquisition for the two oil companies, the impact of the decline in global oil prices on the companies, and an assessment on the potential acquisition of the...

  • Shell Cuts Jobs, Capex As Extended Oil Downturn Seen. GILLIAN RICH // Investors Business Daily;7/30/2015, p00 

    The article offers business-related news briefs as of July 30, 2015. Topics mentioned include the job cuts in staff and contractor positions and reductions in the capital investment of British oil and gas company Royal Dutch Shell PLC, reduction of capital spending plans of American energy...

  • ENERGY GIANTS SPEW OUT ASSETS AS OIL REVENUES DWINDLE. Cervi, Bob // Engineering & Technology (17509637);Mar2015, Vol. 10 Issue 2, p12 

    The article reports on the planning of energy companies Shell, British Petroleum and other oil firms for making funding cuts amid the petrol pump price crash along with the information on Divestment plans of the firms. Topics discussed include requirement for 500 billion dollar industry...

  • Shell, BP slash capex on oil slump; chemical profits tumble.  // Chemical Week;2/9/2015, p47 

    The article reports on the move of petroleum companies Royal Dutch Shell PLC and BP PLC which significantly reduced capital expenses due to declining petroleum prices as of February 9, 2015. It states that the cuts will affect their exploration and production activities and that their organic...

  • Shell, BP slash capex on oil slump; chemical profits tumble. YOUNG, IAN; PROTTI-ALVAREZ, FRANCINIA // Chemical Week;2/2/2015, Vol. 177 Issue 4, p15 

    The article discusses the reduction of the capital expenditure (capex) separately announced by p oil and gas companies Royal Dutch Shell and BP in response to the decline of oil prices. Topics discussed include the decrease of the organic investment in 2015, the $46.0 million earnings reported...

  • Oil Stocks Take Beating As Crude Futures Plunge. NANCY GONDO // Investors Business Daily;1/6/2015, pB10 

    International oil and gas stocks led the downside Monday as crude oil prices plunged to their lowest level in 5-1/2 years, hurt by weak demand and global oversupply.

  • Saudi Arabia May Agree To Oil Output Freeze Without Iran. GILLIAN RICH // Investors Business Daily;3/22/2016, p1 

    A deal among top oil producers looked more likely Tuesday as an agreement to freeze output appeared possible even without Iran, but oil prices fell nonetheless after terrorist attacks rocked Brussels.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics