ABU DHABI (Reuters) – Oil majors have cancelled a total of 80 projects across the globe this year because of low oil prices and cut capital expenditures by as much as $22 billion (£15 billion), BP’s head of exploration and production Lamar Mckay said on Tuesday.
(Reporting by Dmitry Zhdannikov and Rania El Gamal; editing by Jason Neely)
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