BP breaks a billion
Amid new taxes and sinking prices, BP plans $1.2 capex program for 2009
BP is budgeting $1.2 billion in capital expenditures for Alaska in 2009, a 33 percent increase from current year spending, according to the outgoing president of the local subsidiary.
But the company also expects a 10 percent drop in drilling at Prudhoe Bay next year.
The figures came nearly a year....
[additional news subjects in this story]
Several deferred projects
$400 million for new projects
Suttles: “Gas is not enough”
Eni fleshes out its development plans
Bowles: Can’t lose sight of prices
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