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DW: Africa to dominate deepwater capex spend

Deepwater expenditure is expected to increase by 69%, compared to the preceding five-year period, totalling $210 ...

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ConocoPhillips: Oil prices to remain volatile

ConocoPhillips today announced its 2015 to 2017 capital budget and growth outlook, in which its says the oil prices ...

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Exxon Mobil reduces 2015 capex by 12%

U.S. oil giant Exxon Mobil today said it expects its capital expenditure for 2015 will be $34 billion in 2015 – 12 ...

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Noble Energy: Capex cut 40 pct. Focus on shale

Noble Energy has today said it will reduce its capital expenditure for 2015 by around 40%. The company’s ...

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OMV 4Q loss widens. 2015 capex reduced

Austrian oil company OMV has reported a net loss for the last quarter of 2014, citing turbulent year for the ...

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CEO: ‘Our focus must now be on resetting BP’

In line with its industry peers, British oil company, BP, will reduce investments in 2015, saying it is taking ...

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BG Group responds to low oil prices. Reduces capex

BG Group, one of UK’s largest energy companies will reduce its capital expenditure for 2015, as a response to ...

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Soco slashes capex and production guidance

Soco International has said that its capital expenditure for 2014 should be around $90 million, down from $161 ...

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EnQuest cuts 2015 capex

EnQuest, an independent oil and gas exploration and production company has said it will slash its 2015 capital ...

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Lundin cuts 2015 expenditure

Swedish oil company Lundin Petroleum AB has announced its 2015 development, appraisal and exploration budget which ...

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Santos cuts 2015 capex to $2 billion

Australian oil and gas company Santos has today reduced its projected 2015 capital expenditure to $2.0 billion from ...

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ConocoPhillips slashes 2015 capex

ConocoPhillips has announced a 2015 capital budget of $13.5 billion, a decrease of approximately 20 percent ...

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Tullow to cut exploration budget for 2015

Tullow Oil, oil and gas exploration company focused on Africa, will significantly reduce spending on exploration ...

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PGS cuts fleet to reduce cost and capex

Petroleum Geo-Services ASA announced today that it has implemented further steps to streamline operations, reduce ...

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ADIL caps successful first six months

ADIL, an independent energy consultancy, has capped a successful first six months of 2014 with contract wins ...

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Shell CEO: We need to tighten grip on performance management

Shell’s CEO Ben van Beurden today reinforces his priorities for the company in presentations to financial markets. ...

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Anadarko allocates $8 billion for 2014 capex

Anadarko Petroleum Corporation today announced its 2014 capital expectations and guidance, concurrent with the ...

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Statoil to reduce capex by $5 Billion

Statoil’s fourth quarter and preliminary 2013 results and capital markets update Statoil’s  fourth ...

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Kosmos Energy to Spend Two Thirds of Capex on Ghana

Kosmos Energy Ltd. announced today an oil and gas reserve replacement ratio of 140% supported by increased oil ...

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Hess Announces $5.8 B Capex. Allocates $500 M for Exploration

Hess Corporation  has announced a 2014 Exploration and Production capital and exploratory budget of $5.8 billion. ...

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Chevron Allocates $35.8B for Exploration and Production ...

Chevron Corporation has announced a $39.8 billion capital and exploratory investment program for 2014. Included in ...

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