Sentences with phrase «cut oil and gas prices»

Not exact matches

Oil and gas firms worldwide have cut their share in investment given the subdued market prices in the last few years.

The company, which had made its name providing investors with a steady income from its oil and gas wells, cut its dividend in half as capital spending rose and energy prices fell.

Failure of prices to recover raises the prospect of even deeper cuts to investment by oil and gas companies next year and would likely result in Canada's economy remaining on a slower growth path than the 2.2 per cent pace we are expecting.»

HOUSTON ConocoPhillips, the world's largest independent oil and gas exploration and production company, posted a bigger - than - expected first - quarter profit on Thursday, helped by rising crude prices and cost cuts.

Oil and liquefied natural gas (LNG) prices have more than halved from peaks in 2014, eroding producer revenues and forcing cost cuts and layoffs.

Meanwhile, a looming strike at several Norwegian oil and gas fields which threatened to cut output in Western Europe's biggest producer also helped support prices on Tuesday.

The industry employs hundreds of thousands of individuals in Scotland; the cut in the PRT and supplementary charge signals that the Government has taken a long - term view to protect the industry in recognising that its role is to mitigate as best it can against the natural fluctuation of the oil and gas commodity prices.»

While the measure is unlikely to make it through the divided Congress to become law, Democrats hope to score politically with voters frustrated by a confluence of deep budget cuts in Washington, sky - high prices at the gas pumps, and staggering profits on the oil giants» bottom lines.

Combination of economic trends and policies Still, for now an array of Obama administration actions and economic trends are conspiring to cut emissions, according to EIA: Americans are using less oil because of high gasoline prices; carmakers are complying with federal fuel economy standards; electricity companies are becoming more efficient; state renewable energy rules are ushering wind and solar energy onto the power grids; gas prices are competitive with coal; and federal air quality regulations are closing the dirtiest power plants.

There is a risk of further cuts if we have a prolonged period of slow growth, or lower oil and gas prices.

Note: As I was putting the finishing touches on this article, the oil and gas storage MLP, Boardwalk Pipeline Partners (BWP) did in fact cut their distribution by approximately 81 %, and their stock price accordingly fell by approximately 40 %.

The Keystone XL Pipeline will give America energy independence, if there is ever a war in the Middle East our oil supply could be cut off, and with the XL we won't have that problem, 42,000 jobs will be created, 2 Billion paid to workers will give our treasury a boost, if we don't get approval Canada will sell the oil to China, they are our trading partners and our enemy, the pipeline will be a good thing for Americans, lower prices at the gas pump, and jobs for growth where as of now, we are not growing like we have in the past, just a few are against this but we have Millions of Americans who want it and they are more important than the few.

so if oil companies do this, then the cost of their borrowing increases, they develop less fields, lower oil and gas is recovered, prices rise, people cut back, unemployment rises and the left rejoices.