Oil majors have cancelled a total of 80 projects across the globe this year because of low oil prices and cut capital expenditures by as much as $22 billion, BP’s head of exploration and production Lamar Mckay said yesterday.
Oil majors have cancelled a total of 80 projects across the globe this year because of low oil prices and cut capital expenditures by as much as $22 billion, BP’s head of exploration and production Lamar Mckay said yesterday.