• BIST 109.024
  • Altın 151,143
  • Dolar 3,6591
  • Euro 4,3237
  • İstanbul 20 °C
  • Ankara 20 °C

Anadarko cuts cspex for 2017 by $300m

Anadarko cuts cspex for 2017 by $300m
Woodlands, Texas-based oil and gas E&Pfirm Anadarko Petroleum, said on Monday it is planning to cut its capital expenditure budget for 2017 by $300m, according to Reuters.

Anadarko has significant operations in the Gulf of Mexico.

The decision follows greater than anticipated losses for the second quarter and echoes a similar move by the company last year - faced with bigger losses back then, Anadarko slashed its 2016 capex by $2.8bn.

This time the reported quarterly loss is $415m, attributable largely to the slump in the price of oil this year.

By taking the decision now, Anadarko becomes the first notable US oil firm to cut back its capex for the year.

As recently as March, the firm had forecast a budget for the year of between $4.5bn and $4.7bn.

This news is a total 932 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |