Low Oil Prices Force Producers to Delay $200 Billion in New Drilling Projects

Greentech Media
By Stephen LaceyAug 3, 2015, 6:00 am58 pts
Financial Times: Oil Groups Have Shelved $200bn in New Projects as Low Prices Bite The world’s big energy groups have shelved $200bn of spending on new projects in an urgent round of cost-cutting aimed at protecting investors’ dividends as the oil price slumps for a second time this year. The sell-off in…

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Low Oil Prices Force Producers to Delay $200 Billion in New Drilling Projects

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