Jul 27, 2015

EnergyNow | Online News & Media for the Canadian Oil & Gas Industry Oil Majors Delay $200 Billion of Spending, Wood Mackenzie Says - EnergyNow | Online News & Media for the Canadian Oil & Gas Industry

July 27, 2015 (Bloomberg) — Global oil and natural-gas producers have delayed $200 billion of investment in more than 45 projects following the slump in crude prices, according to Wood Mackenzie Ltd. The deferrals “create a substantial hole in the industry’s investment pipeline,” accounting for about 20 billion barrels of reserves, the Edinburgh-based researcher said in an e-mailed report. Brent...

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