Tag: Low Energy Prices
Qatar budget deficit pegged at $12B in 2016 thanks to energy slump
Qatar budget forecasts average price of oil to be $48 a barrel in 2016 DOHA, Qatar _ The energy-rich Gulf nation of Qatar says it expects to run a budget deficit of more than $12 billion next year as it struggles with a sharp drop in oil and gas prices. The official Qatar News Agency […]
Canadian shale gas producers slash 2016 spending but plan increased production
Canadian shale producers report big capital efficiency improvement CALGARY _ Shale gas producers in Western Canada are responding to plunging natural gas prices by slashing their 2016 budgets. NuVista Energy Ltd. has cut its budget in half, while Encana Corp. and Painted Pony Petroleum Ltd. have cut their budgets by 25 per cent as natural gas […]
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