Wood Mackenzie: Oil investments for USD 380 million cut
In the past six months, oil companies have postponed a total of 22 major projects and seven billion potential barrels of oil after the collapse of the oil price, estimates Wood Mackenzie. Capex investments worth a total of USD 380 billion have been slashed so far.
BY DANIEL LOGAN BERG-MUNCH
The southbound oil price has put massive pressure on the oil majors' incentive to invest in the past six months across the whole sector.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Report: 2016 is the year of acquisitions in the oil industry
For subscribers
BHP Billiton result cut by more than half
For subscribers
"Everyone in the oil industry will suffer"
For subscribers
.jpg&w=384&q=75)
