Daily Archives: February 2, 2016

BSEE issues safety alert to industry

Rate this article The US Bureau of Safety and Environmental Enforcement has issued a safety alert to the offshore oil and gas industry regarding connector and bolt failures. Read Full Article Here For more great articles: Offshore RSS Feed

Cabot slashes 2016 capital budget by 58%

Rate this article Cabot Oil & Gas Corp., Houston, has set its 2016 capital budget at $325 million, down 47% from its preliminary budget reported in October and 58% from its 2015 capital program. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

BP trims spending, plans to cut 7,000 jobs

Rate this article BP PLC reported plans for organic capital expenditures of $17-19 billion for each of 2016 and 2017, with 2016 falling into the lower end of that range. The company spent $18.7 billion in 2015. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest