56 Companies Cut E&P Budget By $230bn in 2016

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As deep cuts in capital investment damage the growth prospects of the oil and gas industry, Wood Mackenzie’s recent corporate analysis in the sector shows that 56 companies have cut 2016 exploration and production (E&P) spend by 49 per cent or $230 billion relative to 2014 levels. The report showed that the 56 companies covered in the corporate analysis will … Read More