The world’s big energy groups have shelved $200bn of spending on new projects in an urgent round of cost-cutting aimed at protecting investors’ dividends as the oil price slumps for a second time this year.
http://www.ft.com/intl/cms/s/0/d6877d5e-31ee-11e5-91ac-a5e17d9b4cff.html#axzz3hDOzJamL
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