BP plans spending cuts, but not a lot
BP planning for $50 oil; Pioneer focused on Alaska developments during low price environment; Shell planning new anchor handler, companies tell annual Alaska Oil and Gas Association meet
BP isn’t planning any major cuts this year in response to lower oil prices.
“We’re probably not going to spend next year as much as we thought, but it’s not a major change. We’re going to be okay. We’re still investing a lot of money,” John Minge, the new head of BP Exploration (Alaska) Inc., said d....
[additional news subjects in this story]
Pioneer to frac at Oooguruk
Shell to build anchor handler
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