Statoil ASA has reduced its organic capital expenditure to $18 billion in 2015 from $20 billion in 2014. The move comes on the heels of a fourth quarter in which the Norwegian...
BG Group plans capital expenditures on a cash basis of $6-7 billion in 2015, a range it says is "significantly lower than 2014" due to "a lower oil price environment."
BP PLC plans an organic capital expenditure of $20 billion in 2015, down from the previous guidance of $24-26 billion. Total organic capital expenditure in 2014 was $22.9 billion...
A Deloitte MarketPoint analysis suggested large-field projects, each producing more than 25,000 b/d, could bring on 1.835 million b/d in oil supply this year, of which 635,000...
The recent global crude-oil price plunge could be aggravating underlying problems in Mexico, Colombia, and other Western Hemisphere producing nations, speakers suggested during...
Oil & Gas Journal reported on the Jan. 18 explosion at Petroleo Brasileiro SA's 323,000-b/d Landulpho Alves refinery in Sao Francisco do Conde, Bahia, Brazil (OGJ Online, Jan....
