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Exact(2)
Further capex cuts are the logical response to lower price environment we find ourselves in and could get more brutal (i.e. projects cut) if the price environment gets more desparate next year.
But Clint Moore, vice president of corporate development for Ion, a provider of seismic imaging, said long-term projects are feeling the pain of the lower price environment.
Similar(58)
This was mostly to "reflect the impact of the near-term lower oil price environment" – which has seen the price slump more than 50% since June to about $55 a barrel.
"Non-Opec production has been delivering consistent record growth since May 2013, allowing the market to cope with an almost complete shutdown of production in Libya, sanctions on Iran, and slowing production growth in Iraq … A lower oil-price environment with increased volatility is likely to prove challenging for the whole oil sector".
"This [voluntary redundancy programme] is in the context of the reality of a lower for longer oil price environment, and is not exclusively related to the Shell-BG combination," the company said.
B. lower price level.
"I always get the lower price.
Result: lower price, more storage, slower laptop.
They targeted a lower price of 450p.
Luxury at a lower price.
Pricing structures Lower price.
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