Tag: capital investment

Chevron announces $26.6 billion 2016 capital, exploratory budget

Chevron announces $26.6 billion 2016 capital, exploratory budget

$11 billion for current major capital projects, $3 billion for exploratory projects awaiting approval SAN RAMON, Calif. – Chevron Corporation today announced a $26.6 billion capital and exploratory investment program for 2016. Included in the 2016 program are $4.5 billion of planned expenditures by affiliates. The 2016 budget is 24% lower than total expected investments for 2015. […]

By December 10, 2015 0 Comments Read More →
Husky Energy lowers break even to sub-$40 US WTI

Husky Energy lowers break even to sub-$40 US WTI

Husky Energy’s 2016 sustaining/maintenance costs expected to be $2.4-2.6 billion, a 15-20% reduction compared to $3 billion average CALGARY, AB – As the North American oil and gas sector braces for a difficult 2016, Husky Energy says it has reduced costs to the point where it can break even if West Texas Intermediate remains below $40USD. “Five years […]

By December 8, 2015 0 Comments Read More →